Our site runs on donations to keep it running for free. Please consider donating if you enjoy your experience here!

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





First Internet Bancorp 6.00% Fixed-to-Floating Rate Subordinated Notes due 2026

The coupon will be 6% until 9/30/2021 after which it will float at a rate of 3 month Libor plus a spread of 4.85%