Independent Bank Group, Inc Intends to Redeem All of the $40,000,000 Aggregate Principal Amount of Its Outstanding 5.75% Fixed-To-Floating Rate Subordinated Notes Due July 20, 2026
June 15, 2021 at 03:22 pm EDT
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Wells Fargo Bank, National Association, as trustee, provided notice on behalf of Independent Bank Group, Inc. to holders under that certain Indenture, dated as of July 18, 2016, as supplemented by that certain First Supplemental Indenture, dated as of July 18, 2016, and that certain Second Supplemental Indenture, dated as of January 1, 2019, by and among the Company and the Trustee, that on July 20, 2021, the Company intends to redeem all of the $40,000,000 aggregate principal amount of its outstanding 5.75% Fixed-to-Floating Rate Subordinated Notes due July 20, 2026, at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest thereon to, but excluding, the Redemption Date, in accordance with the terms of the Indenture.
Independent Bank Group, Inc. is a bank holding company. The Company, through its subsidiary, Independent Bank, a Texas state-chartered bank, doing business as Independent Financial, provides a range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Its commercial lending products include commercial real estate loans, interim construction loans, commercial loans to a diversified mix of small and midsized businesses, and loans to professionals, including medical practices. Its retail lending products include residential first and second mortgage loans and consumer installment loans, such as loans to purchase cars, boats and other recreational vehicles. It provides a full range of deposit products and services, including a variety of checking and savings accounts, debit cards, online banking, including online account opening, mobile banking, e-statements and bank-by-mail and direct deposit services.
Independent Bank Group, Inc Intends to Redeem All of the $40,000,000 Aggregate Principal Amount of Its Outstanding 5.75% Fixed-To-Floating Rate Subordinated Notes Due July 20, 2026