Moving from LIBOR to SOFR:
Smoothing the Transition for Your Financial Institution

The London Interbank Offered Rate (LIBOR) has been used for over three decades as the global standard benchmark for pricing most types of financial transactions. That will soon be changing and community financial institutions will need to adjust their loans to a new benchmark, the Secured Overnight Financing Rate (SOFR). 

PCBB's white paper, Moving from LIBOR to SOFR: Smoothing the Transition for Your Financial Institution, details these changes for you.