Durant Bancorp, Inc. Completes Private Placement of Subordinated Debt
The Barack Ferrazzano Financial Institutions Group acted as legal counsel for D.A. Davidson & Co., lead placement agent in the private placement of subordinated debt of Durant Bancorp, Inc., parent to First United Bank & Trust in Durant, Oklahoma. Completed on March 2, 2017, Durant Bancorp, Inc. raised $100M in sub-debt issuance through the private placement, representing the largest single tranche sub-debt issuance by a privately owned bank holding company.
Barack Ferrazzano's legal team was led by Joseph T. Ceithaml, along with Nicholas M. Brenckman.
Barack Ferrazzano Financial Institutions Group
Our 30-attorney Group has represented more than 250 financial institutions across the country. Our M&A experience is unparalleled—over the past decade, our Group ranked #1 in the Midwest region by number of announced bank and thrift merger and acquisition transactions, according to S&P Global Market Intelligence. The Financial Institutions Group was again named as one of the top financial institution groups in the nation in the U.S. News & Best Lawyers 2017 report.
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