JD Bancshares, Inc. Announces Completion of $30.0 Million Subordinated Debt Offering

December 15, 2021 
JD Bancshares, Inc. 

For more information contact:
Bruce Elder (CEO) (337-246-5399)
Paul Brummett (EVP) (337-824-1422)
Website: www.jdbank.com
JD Bancshares, Inc. Announces Completion of $30.0 Million Subordinated Debt Offering

Jennings, La., December 15, 2021 (ACCESSWIRE) – JD Bancshares, Inc. (OTCQX: JDVB), the parent company of JD Bank, today announced the closing of a $30.0 million private placement of fixed-to-floating rate subordinated notes. The Company intends to use the net proceeds to redeem existing debt of $17.5 million, currently priced at 6.75%, and for general corporate purposes, which may include share repurchases and providing capital to the Bank to support growth.

The notes have a maturity date of December 15, 2031 and carry a fixed rate of interest of 3.75% for the first five years. Interest will be paid semi-annually beginning June 15, 2022. On December 15, 2026, the interest rate will reset quarterly to an interest rate per annum equal to the then current Three-Month Term Secured Overnight Financing Rate (SOFR) plus 264 basis points, payable quarterly in arrears. The notes include a right of prepayment, without penalty, on or after December 15, 2026. The subordinated notes have been structured to qualify as Tier 2 capital for regulatory purposes.

President and Chief Executive Officer Bruce W. Elder discussed the offering: “We are pleased to announce the successful completion of our subordinated debt offering. This new capital is non-dilutive to current shareholders and enhances our ability to continue to execute our growth strategies. The current low interest rate environment allowed us to add an additional $12.5 million in subordinated debt to that which is being redeemed without incurring any additional interest expense.”

Piper Sandler & Co served as the sole placement agent for the private offering. The Company was advised by Fenimore Kay Harrison, LLP.

About JD Bancshares, Inc.

JD Bancshares, Inc. is the bank holding company of JD Bank, a state chartered bank headquartered in Jennings, Louisiana. JD Bank offers a variety of personal and commercial lending and deposit products through both physical and digital delivery channels. The Bank also offers both trust and investment services. JD Bank operates through 21 full service branch offices located along the Interstate 10 corridor from Lake Charles to Lafayette, Louisiana.

JD Bancshares, Inc. (OTCQX: JDVB) trades on the OTCQX Best Market. Companies meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, and have a professional third-party sponsor introduction. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com

Safe Online Shopping Tips for The Holidays

Safe online shopping tips for the holiday season

Reposted from us.norton.com

The holidays are here, and that means many of us are making purchases online to avoid large crowds and busy traffic. While online shopping has made our lives easier, the sensitive information we share when we shop on the Internet could expose us to online risks.

The holiday season may be a lucrative time for online retailers, but cybercriminals see the Christmas, Hanukkah and Kwanzaa celebrations as opportunities to profit as well.

If you plan to do any online shopping this year, it’s important to know how to identify a secure online store. The best way to help protect yourself from cybercriminals is to be proactive about security features available online and learn how they work.

Why protect yourself when shopping online?

Whether you know it or not, you’ve already benefited from security features developed to help protect personal data like passwords, usernames and credit card numbers. Websites designed by financial institutions, insurance companies and government agencies like the DMV usually contain sophisticated security features to help keep your private information safe from cybercriminals.

However, how often does one check the online security status of a preferred online retailer?

Cybercriminals are more sophisticated today than ever before. Online threats and data breaches are not limited to large corporations — anyone on the Internet can face online threats. For these reasons, it’s important to know what to look for to ensure a safe online shopping experience.

The top online shopping security features customers need

Unless you know what to look for, identifying the security features of online retailers can be difficult. Always look for an SSL Certification, which you can verify in a few ways:

  • Look for the addition of an “S” to the “http://” at the beginning of a URL on pages where you enter a password or personal details. Some sites use SSL only on some parts of the site, like the homepage. But this doesn’t mean that the entire site is not secure.
  • Search for visual cues that indicate a secure site, such as a lock symbol and green color in the address bar before you enter a credit card number or any confidential information. This indicates that your shopping session is secure and that the site is using encryption to protect your personal data. This protocol is known as SSL — Secure Socket Layer — encryption, and it protects online transactions by keeping data in transit confidential by encoding it. In other words, your information is not visible to cybercriminals.

Other ways to be secure while shopping online

While you’re shopping on a website, some of these security features may not be present. Here are some other tips on how to be safer while spreading the holiday cheer by buying gifts online.

  • Don’t open emails from unknown senders or click on links to “deals” that seem suspicious. During the holiday season a phishing attempt may come in the form of an email advertising a sale you won’t want to miss, but the links within the email may direct you to a fake website that was built to capture your personal information. Have your guard up for emails and text messages advertising holiday deals that seem too good to be true. Although spam emails may seem harmless, never click on links or download files from unknown sources. Spam emails and bogus websites often contain typos or spelling and grammatical mistakes, so watch for those signs.
  • Install the latest version of your Internet browser to avoid security holes, which are other ways malware can sneak onto your device.
  • A virtual private network (VPN) encrypts your traffic so even if someone manages to eavesdrop, they’ll just see encrypted data when online. VPNs, like Norton Secure VPN, can turn public Wi-Fi into secured private connections.
  • Use a comprehensive Internet security solution and ensure that it is always up to date.
  • Beware of identity theft. You may not know right away if a criminal has obtained your financial information. You can be proactive by closely monitoring all of your financial accounts and signing up for text or email alerts if the institution offers them. 
  • Always use strong passwords, update them regularly, and never use the same password for multiple accounts. This is especially important for accounts that contain your personal information. Norton Identity Safe is a free tool you can use to manage your passwords.
  • Finally, if you are still unsure about the credibility of a website you can use Norton Safe Web, a free online tool that can help identify risky websites as you shop.
  • Shopping online is easy and convenient, provided that you’re vigilant about Internet security. Checking with organizations like the Better Business Bureau (BBB) can also help weed out poorly managed online shopping sites.