Wright City, MO – Evergreen Bancshares, Inc., the holding company for American Bank of Missouri, completed the upsizing of its existing subordinated notes to $20.0 million.  This $4.0 million incremental capital raise follows the company’s successful private placement of subordinated notes in October 2020.  The proceeds from this transaction will be used to support future growth and for general corporate purposes.

The notes will initially bear an interest rate of 5.25% 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 485 basis points, payable quarterly in arrears.

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

“Our team was delighted to see the breadth of interest in our bank among investors all across the country. As a result, the amount of capital raised exceeded our expectations,” stated Tim Nash, President and CEO of American Bank of Missouri.

Evergreen Bancshares, Inc. is the holding company for American Bank of Missouri. Founded in 1880, the bank currently operates eight strategic branch locations in the St. Louis metropolitan area, where it is also ranked the #1 SBA Lender. As of December 31, 2020, American Bank of Missouri had total assets of $480 million. Additional information can be found at: www.americanbankofmissouri.bank.

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.

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

Managing Director
(917) 297-3413
ONaporano@breancapital.com

Managing Director
(804) 938-9413
BBrantley@breancapital.com

Managing Director
(903) 253-6998
MCoogan@breancapital.com

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