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First Keystone to redeem $25M notes in 2026

First Keystone Corporation (FKYS) announced that it will redeem all of its outstanding 4.375% Fixed to Floating Rate Notes due December 31, 2030.

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

First Keystone Corporation (FKYS) announced that it will redeem all of its outstanding 4.375% Fixed to Floating Rate Notes due December 31, 2030. These Notes have an aggregate principal amount of $25,000,000.

The redemption will occur on September 30, 2026, the designated Redemption Date. Holders will receive a total redemption price equal to 100% of the aggregate principal amount of the Notes, plus interest accrued and unpaid to but excluding the Redemption Date, in accordance with the terms of the Notes.

Positive

  • None.

Negative

  • None.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Coupon rate 4.375% Fixed to Floating Rate Interest rate on Notes being redeemed
Aggregate principal amount of Notes $25,000,000 Total principal of 4.375% Fixed to Floating Rate Notes due December 31, 2030
Redemption price 100% of the aggregate principal amount, plus accrued and unpaid interest Price paid on Redemption Date for all outstanding Notes
Maturity date of Notes December 31, 2030 Original maturity of the Notes subject to redemption
Redemption Date September 30, 2026 Date on which all outstanding Notes will be redeemed
Fixed to Floating Rate Notes financial
"4.375% Fixed to Floating Rate Notes due December 31, 2030"
Redemption Date financial
"redeem on September 30, 2026 (the “Redemption Date”)"
The redemption date is the specific day when a debt-like security (such as a bond, preferred share, or certificate) must be repaid by the issuer and the investor receives the principal plus any final interest or dividends. It matters to investors because it tells when cash will return, shapes the effective return and price of the security, and creates reinvestment and timing considerations—like knowing when a loan is due so you can plan what to do with the returned money.
aggregate principal amount financial
"having an aggregate principal amount of $25,000,000"
The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.
redemption price financial
"The total redemption price will be 100% of the aggregate principal amount"
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

FAQ

What did FIRST KEYSTONE CORP (FKYS) announce regarding its notes?
FIRST KEYSTONE CORP announced it will redeem all outstanding 4.375% Fixed to Floating Rate Notes due December 31, 2030 on September 30, 2026, in accordance with the terms of the Notes.

What is the total principal amount of FKYS notes being redeemed?
The redemption covers Notes with an aggregate principal amount of $25,000,000, representing all of First Keystone Corporation’s outstanding 4.375% Fixed to Floating Rate Notes due December 31, 2030.

What redemption price will FKYS noteholders receive?
Noteholders will receive a redemption price equal to 100% of the aggregate principal amount of the Notes, plus interest accrued and unpaid to but excluding the September 30, 2026 Redemption Date.

When is the Redemption Date for FKYS 4.375% notes?
The Redemption Date for First Keystone Corporation’s 4.375% Fixed to Floating Rate Notes due December 31, 2030 is September 30, 2026.

What interest rate applies to the FKYS notes being redeemed?
The Notes being redeemed bear a 4.375% Fixed to Floating Rate coupon and are scheduled to mature on December 31, 2030 absent this early redemption.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PA0000737875false00007378752026-08-282026-08-28

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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

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PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

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Date of Report (Date of earliest reported): August 28, 2026

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FIRST KEYSTONE CORPORATION

(Exact name of registrant as specified in its Charter)

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PENNSYLVANIA

2-88927

23-2249083

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.

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111 West Front Street, Berwick, Pennsylvania

18603

(Address of principal executive offices)

(Zip Code)

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Registrant's telephone number, including area code: (570) 752-3671

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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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Indicate by check mark whether the Registrant is an emerging growth company 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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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class

Trading symbol

Name of each exchange on which registered

Common stock

FKYS

OTCID

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ITEM 8.01    Other Events

On August 28, 2026, First Keystone Corporation (the “Company”) issued notice to holders that the Company will redeem on September 30, 2026 (the “Redemption Date”) all of the Company’s outstanding 4.375% Fixed to Floating Rate Notes due December 31, 2030, having an aggregate principal amount of $25,000,000 (the “Notes”), in accordance with the terms of the Notes. The total redemption price will be 100% of the aggregate principal amount of the Notes, plus interest accrued and unpaid to but excluding the Redemption Date.

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Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.

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FIRST KEYSTONE CORPORATION

 

(Registrant)

 

 

 

By:

/s/ Jack W. Jones

 

Jack W. Jones

 

President and CEO

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Date:

August 28, 2026

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Source: View Original Filing on SEC EDGAR

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