FIRST KEYSTONE CORP (FKYS): Entry into a Material Definitive Agreement
FIRST KEYSTONE CORP (FKYS) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Exhibit 99.1 FOR IMMEDIATE RELEASE September 30, 2026 Contact: Jack W. Jones, President and Chief Executive Officer First Keystone Corporation (570) 752-3671 jack.jones@fkc.bank First Keystone Corporation (OTCID: FKYS) Closes $32.5 Million Capital Offering BERWICK, Pe
How this was made
The 30-second read
Why it matters
The new Tier 2 capital improves regulatory capital ratios and provides liquidity for debt redemption and general corporate purposes.
Market read
A small but material capital raise for a regional bank; may attract attention from niche community‑bank investors.
What to watch
Redemption terms allow early call, which could introduce refinancing risk if rates rise.
Background
First Keystone Corp is the holding company of a community bank with $1.57 billion in assets, filing an 8‑K to announce the capital raise.
Ticker impact
First Keystone Corp disclosed a $32.5 million private placement of Tier 2 subordinated notes, a new capital raise not previously reported.
likely modest upside as the market prices in improved capital adequacy
The raise is fresh, directly increases capital, and the notes are redeemable, reducing future funding risk.
Market effects
May signal stronger capital positions for regional community banks, modestly supportive for the banking sector.
Limited to Pennsylvania and surrounding markets where First Keystone operates.
Low – the raise is small and confined to a niche regional bank.
Counterpoint
The modest size of the raise may be viewed as a sign of limited growth opportunities, potentially capping upside.
Key entities
- companyFirst Keystone Corporation
Parent of First Keystone Community Bank, issuer of the subordinated notes.
- advisorPerformance Trust Capital Partners, LLC
Sole placement agent for the note offering.

