Local Financial Capital Trust I
LFINP
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 3601 NW 63rd Street Oklahoma City United States of America 73116
- IPO Date
- Sep 17, 1999
- CIK
- 0001093817
- Similar Companies
- Business
- Local Financial Capital Trust I (LFINP) operates as a Delaware statutory trust primarily engaged in the issuance of trust preferred securities to raise capital for its parent or sponsor financial institution through structured financing arrangements. The trust holds junior subordinated debt issued by the sponsor company, generating fixed-rate income distributions paid to holders of its preferred securities (ticker: LFINP); these distributions qualify as Tier 1 capital for banking regulators under certain conditions. The trust's activities are limited to passive investment in the subordinated debentures, with no direct operations in lending, investment management, or other active financial services. Headquartered in the United States and formed as a special purpose entity typical of capital trusts established in the early 2000s, Local Financial Capital Trust I focuses on the U.S. financial markets, serving institutional investors and the sponsor's regulatory capital needs without specified geographic expansions beyond domestic operations. It maintains no subsidiaries and operates as an unconsolidated affiliate of its sponsor bank holding company. Target investors include those seeking high-yield preferred securities with tax-advantaged distributions. In recent years, the broader sector of capital trusts has seen shifts due to regulatory changes, including Basel III capital rules that phased out trust-preferred securities from Tier 1 capital calculations for larger U.S. banks by 2014-2016, prompting some trusts to pursue optional redemptions or restructurings; no specific recent redemptions, amendments, or mergers were identified for Local Financial Capital Trust I within the last 1-2 years, though ongoing SEC filings reflect standard quarterly and annual compliance for such passive entities.