BayCom Corp (NASDAQ: BCML) plans $64.7M subordinated notes redemption

Rhea-AI Filing Summary

BayCom Corp plans to redeem all of its outstanding 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030. These subordinated notes have an aggregate principal amount of $64.7 million and will be redeemed on September 15, 2025 at 100% of principal, plus accrued and unpaid interest to, but excluding, the redemption date. The company states it will fund the redemption using cash on hand, which retires this layer of subordinated debt earlier than its stated 2030 maturity.

Insights

Bank capital structure analyst

BayCom is retiring $64.7M of subordinated debt early using cash.

BayCom Corp is redeeming all outstanding 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 with an aggregate principal amount of $64.7 million. The redemption will occur on September 15, 2025 at 100% of principal, plus accrued and unpaid interest, as permitted under the notes’ terms.

Using cash on hand to fund the redemption indicates the company is not relying on new borrowing for this transaction. Retiring these subordinated notes removes future interest obligations at a stated rate of 5.25% on this tranche, which can change the mix of its capital structure between debt and equity.

Actual effects on capital ratios, earnings and flexibility depend on BayCom’s overall balance sheet and alternative funding sources, which are not detailed here. Future company filings may provide more context on how this redemption influences net interest expense and regulatory capital after the September 15, 2025 redemption date.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

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FORM 8-K

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Current report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 15, 2025

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BAYCOM CORP

(Exact name of registrant as specified in its charter)

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California		001-38483		37-1849111
(State or other jurisdiction of incorporation or organization)	​	(Commission File No.)	​	(I.R.S. Employer Identification No.)

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500 Ygnacio Valley Road, Suite 200, Walnut Creek, CA		94596
(Address of principal executive offices)	​	(Zip Code)

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Registrant’s telephone number, including area code: (925) 476-1800

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Not Applicable

(Former name or former address, if changed from last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

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☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each Class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	BCML	The Nasdaq Stock Market LLC

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Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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Emerging growth company  ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 8.01. Other Events

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On August 15, 2025, BayCom Corp (the “Company”) notified holders that the Company will redeem on September 15, 2025 (the “Redemption Date”) all of the Company’s outstanding 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030, having an aggregate principal amount of $64.7 million (the “Subordinated Notes”), in accordance with the terms of the Subordinated Notes. The total redemption price will be 100% of the aggregate principal amount of the Subordinated Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date. The Company will make the redemption payment using cash on hand.

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SIGNATURES

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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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	BAYCOM CORP
Date: August 15, 2025	/s/ Keary L Colwell
	Keary L. Colwell, Senior Executive
​	Vice President, Chief Financial Officer
​	and Secretary
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FAQ

What did BayCom Corp (BCML) announce in this 8-K filing?

BayCom Corp announced that it will redeem all of its outstanding 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030, with an aggregate principal amount of $64.7 million, in accordance with the notes’ terms.

When will BayCom Corp redeem its 5.25% subordinated notes?

BayCom Corp set September 15, 2025 as the redemption date for all outstanding 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030.

What is the redemption price for BayCom Corp’s subordinated notes?

The redemption price will be 100% of the aggregate principal amount of the $64.7 million subordinated notes, plus accrued and unpaid interest to, but excluding, the September 15, 2025 redemption date.

How will BayCom Corp fund the redemption of its subordinated notes?

BayCom Corp stated that it will make the redemption payment using cash on hand rather than new financing.

What type of securities is BayCom Corp redeeming?

BayCom Corp is redeeming its outstanding 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030, which are a form of subordinated debt.