CoastalSouth Bancshares, Inc 8-K, filed Sep 16, 2025
CoastalSouth Bancshares, Inc. (COSO)
About this 8-K
CoastalSouth Bancshares, Inc filed this 8-K on September 16, 2025, reporting on events of September 15, 2025.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01 Other Events.
On September 15, 2025, CoastalSouth Bancshares, Inc. redeemed all of its outstanding 5.95% Fixed to Floating Rate Subordinated Notes due 2030 (the “Subordinated Notes”). The Subordinated Notes were originally issued in the principal amount of $15,000,000. The Subordinated Notes were redeemed at a price equal to 100% of the principal amount plus any accrued and unpaid interest up to but excluding the redemption date of September 15, 2025, in accordance with the terms of the Subordinated Notes, dated September 9, 2020.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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CoastalSouth Bancshares, Inc. |
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Date: September 16, 2025 |
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By: |
/s/ Anthony P. Valduga |
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Anthony P. Valduga |
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Chief Financial Officer & Chief Operating Officer |