CMUV Bancorp announced that the Company successfully issued $7,500,000 in subordinated debt in an institutional private placement. Performance Trust Capital Partners, LLC acted as placement agent. A portion of the proceeds of the new debt will be used to fund the purchase of the shares of common stock tendered, with the excess after expenses to be used for general corporate purposes. Principal is due on October 26, 2031, and the debt is not redeemable for the first five years except in the event of certain unusual events. Interest only is payable prior to the due date. The interest rate is fixed for the first five years at 3.625% and thereafter floats based on the 90-Day Average SOFR + 2.63%.