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Dec 19, 2025 8:10 AM

MB Bancorp Inc. Completes $45 Million Subordinated Notes Offering

WALL TOWNSHIP, N.J., Dec. 19, 2025 (GLOBE NEWSWIRE) -- MB Bancorp, Inc. (the "Company"), the holding company for Manasquan Bank (the "Bank"), today completed a private placement of $45 million aggregate principal amount of 6.50% Fixed-to-Floating Rate Subordinated Notes due 2035 (the "Subordinated Notes"). The Subordinated Notes bear a fixed interest rate of 6.50% per annum for the first five years and will reset quarterly thereafter to the then current three-month Secured Overnight Financing Rate (SOFR) plus 306 basis points.

The Company intends to utilize the net proceeds to redeem the Company's outstanding $30 million in aggregate principal amount of subordinated notes and for general corporate purposes. The notes are intended to qualify as Tier 2 capital for the Company for regulatory purposes and the portion that the Company contributes to the Bank will qualify as Tier 1 capital for the Bank.

"We are extremely pleased ...