FS Bancorp, Inc. Announces Completion of $50.0 Million Subordinated Notes Offering

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Feb 11, 2021
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MOUNTLAKE TERRACE, WA / ACCESSWIRE / February 10, 2021 / FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank"), announced today the issuance of $50 million aggregate principal amount of fixed-to-floating rate subordinated notes (the "Notes") in a private placement transaction. The Company intends to use the net proceeds from the offering for general corporate purposes, including providing capital to support the organic growth of the Bank, potential share repurchase activities, and potential acquisition opportunities.