Dimeco closes $25 million subordinated debt offering
DIMC•Dimeco closed a $25 million private placement of fixed-to-floating rate subordinated notes due 2036. The notes are structured to qualify as Tier 2 capital, with proceeds intended for general corporate purposes.
1. Offering details
The notes may be redeemed, in whole or in part, on interest payment dates on or after October 23, 2031.
