Freedom Financial Holdings, Inc. announced that it has completed a private placement of 3.5% fixed-to-floating rate subordinated notes due 2031 for the gross proceeds of $20,000,000 on November 22, 2021. The notes have been structured to qualify as Tier 2 capital for regulatory capital purposes. The notes are unsecured and have a ten-year term, maturing December 1, 2031, and will bear interest at a fixed annual rate of 3.5%, a spread of 194 basis points over the 10-year Treasury as of November 10, 2021 payable semi-annually in arrears, for the first five years of the term.