Jones Walker partners Clint Smith and Thomas Kimball and associate Kylie McNamara represented Performance Trust Capital Partners as sole placement agent for Tandem Bancorp, Inc.’s private placement of $12 million aggregate principal amount of its 8% Fixed-to-Floating Rate Subordinated Notes due 2035. The notes were structured to qualify as Tier 2 capital under bank regulatory capital guidelines. The transaction was completed on July 25, 2025.