Gainesville. MO – Ozarks Heritage Financial Group Inc., the holding company for Legacy Bank and Trust, recently completed a 4.25%, $15.0 million private placement of subordinated notes to qualified institutional investors. The offering was the lowest coupon financing for a bank with less than $2.0 billion in assets.

Brean Capital, LLC served as the Company’s exclusive Advisor and Sole Placement Agent in connection with this transaction.

Based in Gainesville, Missouri, the bank intends to use the net proceeds of the notes to repay extant debt, to support future growth and for general corporate purposes.  The notes will initially bear an interest rate of 4.25% per annum from Oct. 30, 2020 to Nov. 1, 2025, with interest payable semi-annually in arrears. Thereafter, interest will accrue at a floating rate per annum equal to a benchmark rate, which is expected to be three-month term secured overnight financing rate, plus a spread of 380 basis points, payable quarterly in arrears.

Ozarks Heritage Financial Group Inc. is the financial holding company for Legacy Bank and TrustFounded in 1907, the bank currently employs nearly 90 associates across its five strategic branch locations in south-central Missouri.  Legacy Bank and Trust was recently ranked in the top 1% of community banks in the nation by S&P Global Market Intelligence.  As of the end of Q3-2020, Legacy had total assets of nearly $525 million.  Legacy Bank and Trust is certified by the U.S. Treasury as a Community Financial Development Institution (CDFI).  Additional information can be found at: www. legacybankandtrust.com.

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: www.breancapital.com/InvestmentBanking.

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

Managing Director
(212) 702-6614 ONaporano@breancapital.com

Managing Director
(804) 234-1299
BBrantley@breancapital.com

Managing Director
(212) 702-6576
MCoogan@breancapital.com

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