secwatch.observer — SEC 8-K summary
======================================

Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2021-08-20T23:59:59+00:00
Accession:  0000705432-21-000141
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000070543221000141/0000705432-21-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000070543221000141/sbsi-20210820.htm
  HTML page:      https://secwatch.observer/filing/0000705432-21-000141

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer