secwatch.observer — SEC 8-K summary
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Issuer:     UWHARRIE CAPITAL CORP (UWHR)
CIK:        0000898171
Form:       8-K
Filed at:   2021-09-08T23:59:59+00:00
Accession:  0001564590-21-047331
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Uwharrie Capital issues $20M in subordinated notes for Tier 2 capital
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- Issued $12M of 3.50% fixed-to-floating rate subordinated notes due 2031 (10-Year Notes).
- Issued $8M of 4.00% fixed-to-floating rate subordinated notes due 2036 (15-Year Notes).
- Notes are unsecured, subordinated obligations ranking junior to senior debt.
- Proceeds to augment Uwharrie Bank capital, repurchase shares, and for general corporate purposes.
- Notes structured to qualify as Tier 2 capital under bank regulatory guidelines.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/898171/000156459021047331/0001564590-21-047331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/898171/000156459021047331/uwhr-8k_20210903.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-047331

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