John Marshall Bancorp, Inc. Announces Completion of Private Placement of Subordinated Note

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Jun 15, 2022

John Marshall Bancorp, Inc. (Nasdaq: JMSB) (the “Company”) announced today the completion of its issuance and sale of a 5.25% fixed-to-floating rate subordinated note due 2032 in the principal amount of $25.0 million (the “Note”) to an institutional investor in a private placement. The Note was sold at par, resulting in net proceeds, after discounts and estimated offering expenses, of approximately $24.6 million.