Item 1.01 Entry into a Material Definitive Agreement.
On
The Note contains customary affirmative and negative covenants. Affirmative covenants include the timely delivery of quarterly and annual financial statements and maintenance of corporate existence. Negative covenants include limitations on dividends and distributions at any time when the Company or its banking subsidiary is not "well capitalized," and mergers and sales of substantially all assets.
The Note includes customary events of default, including events of default
relating to the nonpayment of principal or interest when due, violation of
covenants, cross-default to other debt having a principal amount of at least
On
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
The disclosures set forth under Item 1.01 of this Current Report on Form 8-K are incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description 1.1 Unsecured Fixed-to-Floating Rate Note due December 15, 2024 .
104 Cover Page Interactive Data File (embedded within the Inline XBRL Document).
2
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