RRBI Red River Bancshares Inc

In accordance with the optional prepayment provisions of that certain Indenture, dated as of May 28, 2003, between Red River Bancshares, Inc. (the “Company”) and U.S. Bank National Association, as debenture trustee, on June 30, 2019, the Company redeemed all of its Floating Rate Junior Subordinated Deferrable Interest Debentures due 2033 (the “Debentures”) that were issued to and held by Red River Statutory Trust II, a Connecticut statutory trust (the “Trust”) that was previously established for the purpose of facilitating the issuance of trust preferred securities. The Debentures were redeemed in full at a redemption price equal to 100% of the outstanding principal amount of $3,093,000, plus accrued and unpaid interest thereon through the date of redemption.

The proceeds from the redemption of the Debentures were simultaneously applied to redeem all of the outstanding capital (preferred) securities of the Trust at an aggregate redemption price of $3,000,000, plus accrued and unpaid interest through the date of redemption, and all of the outstanding common securities of the Trust (all of which common securities were held by the Company) at an aggregate redemption price of $93,000, plus accrued and unpaid interest through the date of redemption.

As previously announced, the Company redeemed the Debentures using a portion of the proceeds received from its recently completed initial public offering. The Company has also submitted a notice to redeem, in whole and at par, all of its outstanding Floating Rate Junior Subordinated Debt Securities due 2033, having an aggregate principal amount of $5,155,000 and are issued to and held by FBT Capital Trust I, a Delaware statutory trust, which redemption is scheduled to occur on or about August 8, 2019. This redemption will also be funded with a portion of the proceeds received by the Company from its recently completed initial public offering.