Sector: Banking
Signature Bank 5.00% Non Cumulative Perpetual, Series A Preferred Stock
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
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.
Capital One Financial 4.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K
Redeemable only on a dividend payment date
CNB Financial Corporation 7.125% Series A Fixed Rate Non-Cumulative Perpetual Preferred Stock
Atlantic Union Bancshares 6.875% Perpetual Non-Cumulative Preferred Stock, Series A
First Republic Bank 4.70% Non-Cumulative Perpetual Preferred Stock, Series J
On 3/19/2023 S&P downgrade these to CCC
FDIC seized 4/30/2023 and FRC sold to JPM