CIB Marine Bancshares, Inc. Completes Redemption of All Preferred Stock

BROOKFIELD, Wis., Oct. 31, 2024 (GLOBE NEWSWIRE) -- CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH) announced that it has completed the $13.4 million full and final redemption of all of its preferred stock at$825 per share. Effective October 31, 2024, CIB Marine transferred the necessary funds to its redemption agent, Computershare Trust Company, N.A., and all of CIB Marine’s outstanding preferred shares were redeemed pursuant to the Notice of Redemption and Letter of Transmittal ...