HOUSTON – Bracewell LLP represented Piper Sandler & Co., the sole placement agent, in Broadway Bancshares, Inc.’s private placement of $50 million of 3.75% fixed-to-floating rate subordinated notes due 2032.
Broadway Bancshares, Inc. is a $5.3 billion private bank holding company headquartered in San Antonio, Texas. Broadway has been family owned since it was founded in 1941. Broadway serves the communities of the San Antonio and Austin markets through traditional banking products for both institutional and retail clients.
Bracewell lawyers involved in the transaction included:
Partners: Will Anderson
Associates: Shannon Baldwin and Alexandra Crai