The transaction consists of one tranche of Senior Notes and one tranche of Subordinated Notes.
Photo credit: https://www.facebook.com/NHMFC.
The Class A Senior Notes are worth P150.0 million and shall be amortized using the Controlled Amortization method with a pre-defined amortization schedule during the Controlled Amortization Period.
The Class B Subordinated Notes are worth P169.322 million, and will be amortized after all Senior Notes have been settled, with variable interest payable quarterly.
Philippine Rating Services Corporation (PhilRatings) said it has affirmed the Conditional Credit Ratings of PRS A plus for the Class A Senior Notes, and PRS Ba for the Class B Subordinated Notes into Final Ratings.
Rhinebeck Bank Receives Regulatory Approval to Continue Orange County Expansion With New Branch in City of Newburgh
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NEWBURGH, N.Y., Feb. 18, 2021 /PRNewswire/ Rhinebeck Bancorp, Inc. (NASDAQ: RBKB), the holding company of Rhinebeck Bank, has received all required regulatory approvals to continue its expansion in Orange County with the opening of a new branch at 456 Broadway in the city of Newburgh this spring.
The new branch, located in the commercial heart of Newburgh, will provide individuals, families, and businesses with a full complement of banking and lending services. Rhinebeck Asset Management, a division of Rhinebeck Bank, will provide a variety of personal and business financial planning services from their office at this new branch location.
Rhinebeck Bank Receives Regulatory Approval to Continue Orange County Expansion With New Branch in City of Newburgh yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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CHARLES TOWN, W.Va., Feb. 3, 2021 /PRNewswire/ Potomac Bancshares, Inc. (the Company ) (OTC: PTBS), the one bank holding Company for Bank of Charles Town (BCT), for the quarter ended December 31, 2020 earned $1.142 million or $0.28 per share compared to $0.859 million or $0.21 per share for the quarter ended December 31, 2019, an increase of 33.3%. Net income for the year ended December 31, 2020 was $3.785 million or $0.92 per share compared to $3.213 million or $0.78 per share for the same period in 2019, an increase of 17.9%. The resiliency of the BCT team shined as we did not allow historic low interest rates, economic uncertainty or our pandemic response hinder our ability to post record results for 2020, stated Alice P. Frazier, President and CEO. Core loan and deposit growth through new banking relationships, aggressive decreases in deposit rates and expense management all contributed to our 17.9% growth in earnings despite
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CHARLES TOWN, W.Va., Jan. 21, 2021 /PRNewswire/ The Board of Directors of Potomac Bancshares, Inc. (OTC: PTBS), the one bank holding company for Bank of Charles Town (BCT), declared a $0.07 per share dividend at their January board meeting. The dividend is for all shareholders of record on February 3, 2021 and will be paid on February 10, 2021.
About the Company
Founded in 1871, BCT - Bank of Charles Town, also known as The Community s Bank, is a wholly owned subsidiary of Potomac Bancshares, Inc. (OTC:PTBS). With approximately $631 million in assets as of September 30, 2020, the Company conducts operations through its main office, an additional eight branch offices, and one loan production office. BCT s offices are located in Jefferson and Berkeley Counties (WV), Washington County (MD), and Loudoun County (VA). The Bank provides various banking products and services including free access to over 55,000 ATMs through the Allpoint® ne