Southside Bancshares calls for redemption of $100M 5.50% subordinated notes due 2026

SOUTHSIDE BANCSHARES INC

Redeeming all $100M of 5.50% Fixed-to-Floating Rate Subordinated Notes due 2026 on Sept 30, 2021 at 100% principal plus accrued interest.
CEO states redemption will lower funding costs and be accretive to earnings.
Interest on Notes will cease accruing on and after the Redemption Date.

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