Eagle Bancorp Montana redeems $15M subordinated notes via line of credit

Eagle Bancorp Montana, Inc.

Redeemed all $15M of 5.50% Fixed-to-Floating Subordinated Notes due 2030 on Oct 1, 2025.
Financed redemption with $15M draw on secured line of credit from a correspondent bank.
Line has 2-year maturity, variable rate equal to prime minus 0.50%, secured by company assets.
Total redemption price was 100% of principal plus accrued unpaid interest to redemption date.

item 8.01

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