Pathfinder Bancorp’s $25.0 Million Private Placement


Luse Gorman, PC advised Pathfinder Bancorp on the deal.

Pathfinder Bancorp, Inc., Oswego, New York, the holding company for Pathfinder Bank, successfully completed a private placement of $25.0 million of its 5.50% Fixed-to-Floating Rate Subordinated Notes due 2030. The notes are intended to qualify as Tier 2 capital for regulatory purposes.

Luse Gorman served as legal counsel to Pathfinder Bancorp, Inc. in the offering. The Luse Gorman team consisted of Benjamin Azoff, Gregory M. Sobczak and Jeffrey Cardone (Picture).

Involved fees earner: Benjamin Azoff – Luse Gorman, PC; Jeffrey Cardone – Luse Gorman, PC; Gregory Sobczak – Luse Gorman, PC;

Law Firms: Luse Gorman, PC;

Clients: Pathfinder Bancorp, Inc.;

Author: Ambrogio Visconti