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Level One Bancorp 7.50% Non-Cumulative Perpetual Preferred Stock, Series B

Level One acquired by First Merchants 4/1/2022

Ticker: LEVLP

Parent Ticker: LEVL

OTC Grey Market Temporary Ticker: NA

Issuance Date: 08/10/2020

1st Call Date: 08/15/2025

Maturity Date: None

Shares Issued: 1,000,000

Overallotment Shares: 0

Coupon: 7.50%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.4688

Payment Months: FEB, MAY, AUG, NOV

Payment Day: 15

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR