Level One acquired by First Merchants 4/1/2022
Sector: Banking
WesBanco Inc. 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A
Coupon is fixed at 6.75% until 11/14/2025. On 11/15/2025 the rate will be the 5 year treasury and a spread of 6.557% which is reset every 5 years.
Truist Financial 4.75% Series R, Non-Cumulative Perpetual Preferred Stock
May only be redeemed on a dividend payment date
Associated Banc-Corp 5.625% Non-Cumulative Perpetual Preferred Shares, Series F
May only be redeemed on a dividend payment date
Triumph Financial Inc 7.125% Series C Fixed Rate Non-Cumulative Perpetual Preferred Stock
Named Changed from Triumph Bancorp to Triumph Financial 12/2/2022–tickers changed
Heartland Financial USA Inc. 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E
Coupon is fixed at 7% until 7/14/2025. On 7/15/2025 the rate will be the 5 year treasury and a spread of 6.675% which is reset every 5 years.
United Community Banks, Inc. 6.875% Non-Cumulative Preferred Stock, Series I
May only be redeemed on a dividend payment date
First Horizon National 6.50% Non-Cumulative Perpetual Preferred Stock, Series E
Pinnacle Financial Partners 6.75% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B
Hancock Whitney Corporation 6.25% Notes due 2060
Previously was Hancock Holdings