VERNON, N.J.--(BUSINESS WIRE)--Highlands Bancorp, Inc. (OTCPink:HSBK) (the “Company”), holding company of Highlands State Bank, announced today that it has redeemed all of the 6,853 outstanding shares of the Company’s Senior Non-Cumulative Perpetual Preferred Stock, Series C, issued under the United States Department of the Treasury’s Small Business Lending Fund (“SBLF”) program. The redemption was funded with the proceeds of a $7.5 million issuance of subordinated debt which the Company comple
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