The Barack Ferrazzano Financial Institutions Group served as legal counsel to Level One Bancorp, Inc. (Nasdaq: LEVL) (“Level One”) – holding company for Level One Bank – in connection to its recently issued $30 million aggregate principal amount of fixed-to-floating rate subordinated notes (the “Notes”) in a private placement transaction. Level One intends to use the net proceeds of the offering for general corporate purposes, including partially funding its pending acquisition of Ann Arbor State Bank.
Barack Ferrazzano's team was led by Bill Fay and Neil R. Patel.
To learn more about this transaction, visit: https://www.globenewswire.com/news-release/2019/12/19/1962794/0/en/Level-One-Bancorp-Inc-Completes-30-0-Million-Subordinated-Notes-Offering.html
About Level One Bancorp, Inc.
Level One Bancorp, Inc. is the holding company for Level One Bank, a full-service commercial and consumer bank headquartered in Michigan with assets of approximately $1.51 billion as of September 30, 2019. It currently operates 12 full-service banking centers located throughout Southeast Michigan and West Michigan. Level One Bank’s success has been recognized both locally and nationally as the U.S. Small Business Administration's (SBA) "Community Lender of the Year" and "Export Finance Lender of the Year" and one of S&P Global's Top 10 "Best-Performing Community Banks" in the nation.
To learn more about Level One, visit: https://www.levelonebank.com/Resources/About-Us