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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MRDAF4982886 analysis



Key facts


Issue date
May 28, 2020
Maturity date
Dec 30, 2029
Outstanding amount
‪40.00 M‬USD
Face value
1,000.00USD
Minimum denomination
1,000.00USD
Coupon
5.38% (Variable)
Yield to maturity
7.02%
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.
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