Welcome to our dedicated page for Tectonic Financial news (Ticker: TECTP), a resource for investors and traders seeking the latest updates and insights on Tectonic Financial stock.
Tectonic Financial, Inc. 9.00% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred (NASDAQ: TECTP) is a preferred stock issued by Tectonic Financial, Inc., a diversified and technology-focused financial holding company. This news page aggregates company announcements and media coverage that relate to Tectonic Financial’s operations, strategy, and capital decisions that can be relevant to holders and prospective investors in TECTP.
News about Tectonic Financial often centers on developments in its commercial banking and financial services platform, including updates from its subsidiaries such as T Bank, N.A., Tectonic Advisors, Sanders Morris, HWG Insurance Agency, The Nolan Company, and Integra Funding Solutions. Company releases highlight areas like commercial banking, trust and wealth management, retirement and retirement plan administration, insurance, securities brokerage, and factoring.
Readers can find coverage of leadership changes, such as appointments to roles including President, Chief Operating Officer, and Chief Financial Officer, which provide insight into how the company is organizing its management team to support its integrated, technology-focused financial services strategy. News also includes information about acquisitions, such as the purchase of Integra Funding Solutions, LLC, which expanded Tectonic Financial’s factoring activities and added a transportation-focused financing vertical within T Bank, N.A.
For investors tracking TECTP, company news can offer context on the broader financial condition and strategic direction of the issuer behind the preferred stock. Announcements about business growth, technology initiatives, and subsidiary performance help explain how Tectonic Financial seeks to support returns on equity and assets, which may be of interest when evaluating its preferred securities. This page provides a centralized view of such developments so readers can follow the company’s ongoing narrative and corporate actions.
Tectonic Financial (Nasdaq:TECTP) announced it intends to redeem all 1,725,000 outstanding shares of its 9.00% Series B preferred stock for cash at $10.00 per share plus any declared and unpaid dividends, representing an aggregate liquidation preference of $17.25 million. The company said the redemption is conditioned on obtaining required funding and that the Redemption Date may be delayed or the Condition waived.
Subject to redemption, Tectonic will file a Form 25 to delist the preferred shares from Nasdaq on or about February 17, 2026, and intends to file a Form 15 on or about February 27, 2026 to suspend SEC reporting, with Form 15 expected to be effective within 90 days (on or about May 28, 2026).
Tectonic Financial (NASDAQ: TECTP) has announced key leadership changes effective May 12, 2025. David J. Clifford, who has served as Chief Operating Officer since December 2023, has been appointed as President while retaining his COO role. Clifford, who joined the company in 2018 as Chief Strategy Officer, has been crucial in developing the firm's product and technology platform.
Michelle K. Baird, previously Executive Vice President, has been promoted to Chief Financial Officer, succeeding Ken Bramlage. Baird has led the company's accounting and tax regulatory compliance programs since inception. Bramlage will continue as CFO of T Bank, N.A., Tectonic Financial's largest operating subsidiary, which is approaching $1 billion in assets.
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Tectonic Financial (Nasdaq: TECTP) has concluded its acquisition of Integra Funding Solutions, a factoring firm specializing in financing for U.S. transportation companies. The deal involves cash and common stock and is expected to enhance T Bank's service offerings to small businesses. With a commitment to customer service and advanced technology, Integra aims to maintain low credit losses. Notably, co-founders Tracy Bolt and Randall Woods will become shareholders, with Woods stepping in as CEO of Integra within T Bank. Tectonic anticipates the acquisition to be accretive to earnings in 2021 and 2022.
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