NBC Bancshares’ $6 Million Subordinated Debt

Stinson LLP advised NBC Bancshares on the deal.

Lincoln Nebraska-based NBC Bancshares, the parent company of Nebraska Bank of Commerce and Mountain View Bank of Commerce, announced it has issued $6 million in subordinated debt on September 30. NBC stated it intends to use the net proceeds from the offering for general corporate purposes. The issuance has an interest rate of 6.25% and a 10-year term.The company intends to use the net proceeds for general corporate purposes.

Hovde Group LLC was sole placement agent for the offering.

The Stinson team was led by Bob Monroe (Picture) and Greg Johnson.

Involved fees earner: McGregor Johnson – Stinson Leonard Street; Robert Monroe – Stinson Leonard Street;

Law Firms: Stinson Leonard Street;

Clients: NBC Bancshares;

Author: Ambrogio Visconti