We advised the initial purchaser on the offering

Davis Polk advised the sole initial purchaser in connection with Compeer Financial’s offering of 300,000 shares of fixed-rate reset non-cumulative perpetual preferred stock, Series C-1, with an aggregate liquidation amount of $300 million. Piper Sandler & Co. acted as sole initial purchaser.

Compeer Financial is a member-owned, Farm Credit cooperative serving and supporting agriculture and rural communities. Compeer provides loans, leases, risk management and other financial services throughout 144 counties in parts of Illinois, Minnesota and Wisconsin.

The Davis Polk capital markets team included partner Shane Tintle and associates Nicole Groysman and Gianmarco Dedós Capote. The financial institutions team included partner Margaret E. Tahyar, counsel Suiwen Liang and associate Jonathan Rosen. The tax team included counsel Tracy L. Matlock and associate Hunter P. Shaw. All members of the Davis Polk team are based in the New York office.

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