Signature was seized by the FDIC 3/2023
The bank is regulated by the FDIC and as such there are no SEC filings. The links below direct to the company website where filings may be found
Sector: Banking
Bank of America Corp 4.375% Non-Cumulative Preferred Shares, Series NN
Fulton Financial Corporation 5.125% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A
May only be redeemed on a dividend payment date
Downgrade from Moodys 8/7/2023 from Baa3 to Ba1
Wells Fargo & Company 4.70% Non-Cumulative Perpetual Class A Preferred Stock, Series AA
Can only be redeemed on dividend payment date
MainStreet Bancshares Inc. 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock
10/01/2020 I have rated this new issue ‘D’. The company has a huge amount (22%+/-) of loans in deferral because of the corona virus. It is likely many of these loans will not be paid and as a small bank financials could be significantly affected.
7/6/2023 Upgraded to average as the bank has fixed their previous credit issues.