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Concentra Bank ("Concentra" or the "Bank") today announced the closing of an offering of $200 million floating rate deposit notes (the "Notes") in the debt capital markets to a broad group of investors. The Notes will mature on February 7, 2022 and will bear interest at a floating rate equal to three-month CDOR plus 47 basis points, reset quarterly. The Notes will rank equally and ratably with all present and future unsecured and unsubordinated liabilities of Concentra and are not eligible for CDIC insurance.
It has come to our attention that someone is impersonating Concentra Bank via a fake website and phishing email. The fake website has the domain concentra.securebn[dot]com and we are working with the registrar to have it taken down immediately.
Accord Financial Corp. (TSX – ACD) ("Accord") and Concentra Bank ("Concentra") are pleased to announce the formation of a strategic alliance and a $5 million private placement of convertible unsecured subordinated debentures. The strategic alliance, expected to be formalized by September 30, will allow both parties to deliver a broader range of banking and financing solutions to their clients, clearly enhancing the value they deliver in their respective markets. Accord and Concentra will also consider developing new products together as opportunities arise.
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