07:51 AM EDT, 10/25/2024 (MT Newswires) -- Stellar Bancorp ( STEL ) said Friday its subsidiary Stellar Bank intends to redeem all of its $40 million fixed-to-floating rate subordinated notes due Dec. 15, 2027.

The redemption price will be 100% of the principal amount, plus any accrued and unpaid interest up to the redemption date.

Price: 27.00, Change: +0.76, Percent Change: +2.90