Sector: Banking
Oriental Financial Group 7.125% Series D Non-Cumulative Perpetual Preferred Stock
Oriental Financial Group 7.00% Noncumulative Monthly Income Preferred Stock, Series B
Flagstar Bank 6.375% Fixed to Floating Rate Noncumulative Perpetual Preferred Stock
Coupon is fixed at 6.375% until 6/17/2027 after which it floats at the rate of 3 month Libor plus a spread of 3.821%.
Effective 10/25/2024 New York Community Bank (NYCB) is now Flagstar (FLG)
First Republic Bank 5.125% Non-Cumulative Series H Perpetual Preferred Stock
On 3/19/2023 S&P downgrade these to CCC
FDIC seized 4/30/2023 and FRC sold to JPM