CAROLINA BANK HOLDINGS, INC. (NASDAQ:CLBH) Files An 8-K Other Events

CAROLINA BANK HOLDINGS, INC. (NASDAQ:CLBH) Files An 8-K Other Events
Item 8.01 Other Events.

 

On January 3, 2017, Carolina Bank (the “Bank”), the wholly owned subsidiary of Carolina Bank Holdings, Inc., redeemed all of the Bank’s outstanding Floating Rate Subordinated Notes Due September 30, 2018 (the “Notes”). The Notes were redeemed at a redemption price equal to 50% of the principal amount of the Notes, plus accrued but unpaid interest. The Bank issued an aggregate of $9.3 million of the Notes to qualified institutional buyers in 2008.


About CAROLINA BANK HOLDINGS, INC. (NASDAQ:CLBH)

Carolina Bank Holdings, Inc. is a bank holding company of the Carolina Bank (the Bank). The Bank engages in a general banking business in Guilford, Alamance, Randolph and Forsyth Counties, North Carolina. The Company operates through three segments: the Commercial/Retail Bank, the Mortgage Banking Division and the Holding Company. The Bank’s operations are commercially oriented and directed to individuals and small to medium-sized businesses located in its market area and its deposits and loans are derived from customers in its geographic market. It provides commercial and consumer banking services, including personal and commercial checking and savings accounts, money market accounts, individual retirement accounts and related business and individual banking services. It offers loans, which include construction and development loans, commercial real estate loans, home equity lines, residential real estate loans, commercial and industrial loans, and consumer and other loans.

CAROLINA BANK HOLDINGS, INC. (NASDAQ:CLBH) Recent Trading Information

CAROLINA BANK HOLDINGS, INC. (NASDAQ:CLBH) closed its last trading session down -0.27 at 25.46 with 5,415 shares trading hands.

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