Community Financial Services, Inc. (the “Company”), holding company for Community Financial Services Bank (the “Bank”), announced that it has sold $20 million in two tranches of senior notes to certain qualified institutional accredited investors through a private placement offering.  

Brean Capital, LLC served as placement agent for this offering.

The first tranche of these senior notes were issued on July 29, 2020 and will mature on August 1, 2025.  The senior notes will bear interest at an annual fixed rate of 6.75% per annum, payable semi-annually in arrears on February 1 and August 1 of each year from February 1, 2021 to August 1, 2025.  The second tranche settled on October 21, 2020.  The Company intends to use the net proceeds from the offering for general corporate purposes, including support of organic growth.

This capital will be used for general corporate purposes, including supporting growth at the bank.” said J. Michael Radcliffe, CEO of the Company. “Senior debt is an efficient method of providing flexibility and choice to accomplish our corporate goals.”

Community Financial Services, Inc. is a bank holding company headquartered in Benton, Kentucky and is the holding company of Community Financial Services Bank, Inc., a community bank established in 1890 that serves consumers and small businesses in Western Kentucky through 8 full service branches and 6 additional ATMs/LTMs. Additional information is available on the bank’s website at

Brean Capital’s Investment Banking Group is dedicated to helping its clients achieve their strategic and financial goals. For more than 40 years, the Firm has specialized in providing capital raising, M&A and financial advisory services to middle market businesses. Throughout its history, Brean Capital has established a track record of providing its clients with deep market knowledge, commitment and experience to ensure a successful transaction.  For more information, please visit:


This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful. The above referenced securities offered and sold by the Company have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold absent registration or an exemption from registration.

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Interested to learn more and see how Brean Capital can help your business? Contact the team below:

Managing Director
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Managing Director
(212) 655-4869

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