 TYLER, Texas, Nov. 09, 2020 GLOBE NEWSWIRE -- Southside Bancshares, Inc. the Company NASDAQ:SBSI, the parent company of Southside Bank, announced today the completion of its private placement of 100.0 million in fixed-to-floating rate subordinated notes due 2030 the Notes on November 6, 2020. The Notes bear interest at a fixed rate of 3.875 for the first five years, and the interest rate will reset quarterly thereafter to the then current three-month Secured Overnight Financing Rate, as published by the Federal Reserve Bank of New York, plus 366 basis points. The Company is entitled to redeem the Notes, in whole or in part, on any interest payment date on or after November 15, 2025, or at any time, in whole but not in part, upon certain other specified events. 