Community First Bancorporation (OTCPK:CFOK) announced a private placement of 5.125% Fixed-to-Floating Rate Subordinated Notes due 2030 for the gross proceeds of $10 million on November 24, 2020. The transaction will include participation from certain qualified institutional buyers and accredited investors. The Notes have a maturity date of November 23, 2030 and initially bear interest, payable semi-annually in arrears, at a fixed annual rate of 5.125% per annum until November 23, 2025.