FB Financial Raises $125 Million Via 6.625% Subordinated Notes to Support FirstBank Growth

FB Financial raised $125 million through the issuance of 6.625% fixed-to-floating rate subordinated notes due 2036, enhancing capital for general corporate purposes and to support FirstBank’s growth. The notes carry a fixed rate until Oct. 1, 2031, then float at Three-Month Term SOFR plus 205 bps…