• Sturgis Bancorp completed a USD 25.5 million private placement of 7% fixed-to-floating rate subordinated notes due Sept. 15, 2036.
• Proceeds earmarked for general corporate purposes, including repayment of about USD 17.9 million of holding-company debt.
• Notes pay 7% to Sept. 15, 2031, then reset to three-month term SOFR plus 286 basis points.
• Redemption option begins Sept. 15, 2031, at par plus accrued interest on scheduled payment dates.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sturgis Bancorp Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202609020800ACCESSWRNAPR_____1215180) on September 02, 2026, and is solely responsible for the information contained therein.