Exhibit 99.1
FOR IMMEDIATE RELEASE
PREMIER FINANCIAL CORP. ANNOUNCES CLOSING OF $50
MILLION OF FIXED-TO-FLOATING RATE SUBORDINATED NOTES
DEFIANCE, OHIO (September 30, 2020) – Premier Financial Corp. (NASDAQ: PFC) (“Premier” or the “Company”) announced today the closing of its offering of $50.0 million aggregate principal amount of 4.00% fixed-to-floating rate subordinated notes due 2030 (the “Notes”) in a private offering exempt from the registration requirements under the Securities Act of 1933, as amended (the “Securities Act”).
The net proceeds from the sale of the Notes will be approximately $48.75 million, after deducting the estimated offering expenses payable by Premier. Premier intends to use the net proceeds from the offering of the Notes for general corporate purposes.
Piper Sandler & Co. and Keefe, Bruyette & Woods, A Stifel Company, acted as joint book-running managers for the offering.
This press release is neither an offer to sell nor the solicitation of an offer to buy any of the Notes and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful.
About Premier Financial Corp.
Premier Financial Corp. (NASDAQ: PFC), headquartered in Defiance, Ohio, is the holding company for Premier Bank and First Insurance Group. Premier Bank, headquartered in Youngstown, Ohio, operates 78 branches, 12 loan offices and 2 wealth offices in Ohio, Michigan, Indiana, Pennsylvania and West Virginia (West Virginia office operates as “Home Savings Bank”). First Insurance Group is a full-service insurance agency with 10 offices in Ohio including James & Sons Insurance in Youngstown, Ohio. For more information, visit the company’s website at PremierFinCorp.com.
