Sector: Banking
Western Alliance Bancorporation 4.25% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A
The coupon is fixed at 4.25% until 9/30/2026 after which it will reset and then every 5 years there after at the 5 year treasury plus a spread of 3.452%
Tectonic Financial Inc. 9.00% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock
Shares of the Parent Company are not publicly Traded
Coupon is fixed at 9% until 5/15/2024 at which time it will float at 3 month libor and a spread of 6.70%
ConnectOne Bancorp Inc. 5.25% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock Series A
Coupon is fixed at 5.25% until 9/1/2026 at which point the coupon is reset at the 5 year treasury plus a spread of 4.42%. Rate is reset every 5 years thereafter.
Bridgewater Bancshares Inc.5.875% Non-Cumulative Perpetual Preferred Stock, Series A