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Meridian Corporation 5.375% 30-DEC-2029Meridian Corporation 5.375% 30-DEC-2029Meridian Corporation 5.375% 30-DEC-2029

Meridian Corporation 5.375% 30-DEC-2029

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Key terms


Outstanding amount
‪40.00 M‬ USD
Face value
1,000.00 USD
Minimum denomination
1,000.00 USD
Coupon
5.38% (Variable)
Coupon frequency
Semi-annual
Yield to maturity
6.86%
Maturity date
Dec 30, 2029
Term to maturity
5 years

About Meridian Corporation 5.375% 30-DEC-2029


Issuer
Meridian Corp. (Pennsylvania)
Sector
Finance
Industry
Regional Banks
Home page
meridianbanker.com
Issue date
May 28, 2020
FIGI
BBG00TJV2GT8
Meridian Corp. is a bank holding company, which engages in the provision of commercial and consumer banking services. It operates through the following segments: Banking, Meridian Wealth, and Mortgage Banking. The Banking segment consists of commercial and retail banking. The Meridian Wealth segment offers wealth management services and products. The Mortgage Banking segment consists of the central loan production facility and retail and profit sharing loan production offices. The company was founded by Christopher J. Annas on June 8, 2009 and is headquartered in Malvern, PA.

MRDAF4982886 analysis


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