Northpointe Bancshares, Inc., the holding company for Northpointe Bank, has announced the completion of a private placement of $70 million in aggregate principal amount of 7.50% Fixed-to-Floating Rate Subordinated Notes due 2035. The company intends to use the net proceeds to redeem its existing 8.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, and has notified holders that 100% of this Series A Preferred Stock will be redeemed effective December 30, 2025.
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. Northpointe Bancshares Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251209280408) on December 09, 2025, and is solely responsible for the information contained therein.