GBank Financial Holdings Inc. announced the completion of an $11.0 million private placement of 7.25% Fixed-to-Floating Rate Subordinated Notes due 2036. The notes, structured to qualify as Tier 2 capital for regulatory purposes, will carry a fixed interest rate of 7.25% until January 15, 2031, after which the rate will reset quarterly to the Three-Month Term SOFR plus 382 basis points until maturity on January 15, 2036. The company intends to use the net proceeds for general corporate purposes, including refinancing $6.5 million of existing subordinated debt issued in 2020. The notes are redeemable at the company’s option on or after January 15, 2031, at 100% of the principal amount plus accrued interest.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GBank Financial Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-014215), on January 15, 2026, and is solely responsible for the information contained therein.
