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Community Heritage Financial completes $15M subordinated debt offering

Community Heritage Financial Inc., the parent company of Middletown Valley Bank and Millennium Financial Group Inc., announced Friday the completion of an offering of $15 million in aggregate principal amount of its 5.75% Fixed-to-Floating Rate Subordinated Notes due 2029. The company intends to utilize the net proceeds of the offering for general corporate purposes. The notes have been structured to ...

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