secwatch.observer — SEC 8-K summary
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Issuer:     EAGLE FINANCIAL SERVICES INC (EFSI)
CIK:        0000880641
Form:       8-K
Filed at:   2022-04-05T23:59:59+00:00
Accession:  0001564590-22-013543
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eagle Financial Services completes $30M subordinated notes offering
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- Issued $30M aggregate principal of 4.50% Fixed-to-Floating Rate Subordinated Notes due April 1, 2032.
- Fixed rate 4.50% through April 1, 2027, then resets quarterly to 3-month SOFR plus 235 bps.
- Company may redeem at par on any interest payment date starting April 1, 2027.
- Proceeds for general corporate purposes and capital contribution to Bank of Clarke County.
- Notes intended to qualify as Tier 2 capital for regulatory purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880641/000156459022013543/0001564590-22-013543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880641/000156459022013543/efsi-8k_20220331.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-013543

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