Forbright to redeem all $25 million of 5.75% subordinated notes on December 1, 2026
Forbright, Inc. notified holders on October 21, 2026 that it will redeem all outstanding 5.75% Fixed-to-Floating Rate Subordinated Notes due 2029 on December 1, 2026. The $25 million of principal will be repaid at 100% of face value plus accrued interest, which lowers the company's outstanding subordinated debt.
Key points
- Aggregate principal outstanding: $25 million
- Redemption date: December 1, 2026
- Redemption price: 100% of principal plus accrued and unpaid interest to the redemption date
- Notes were due December 1, 2029; the filing does not state the reason for the redemption
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.