Burke & Herbert Financial Services Corp. Prices $100.0 Million Subordinated Notes Offering

Burke & Herbert Financial Services Corp. priced a $100 million offering of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2036. The company plans to use proceeds to repay existing subordinated notes and preferred stock, and for general corporate purposes including capital support for the Bank. The offering is expected to close on September 30, 2026.