NORTHPOINTE BANCSHARES INC (NPB): debt financing — Northpointe Bancshares issues $20M subordinated note at 7.50% fixed rate due 2036

NORTHPOINTE BANCSHARES INC

Sold $20.0M 7.50% Fixed-to-Floating Rate Subordinated Note due March 15, 2036 to an institutional accredited investor.
Note bears 7.50% fixed rate through March 15, 2031, then resets quarterly at 3-month SOFR plus 415 bps.
Proceeds used for general corporate purposes; note intended as Tier 2 capital for regulatory purposes.
Note is unsecured, subordinated to senior debt, and redeemable in whole or part on or after March 15, 2031.
The offering was conducted as a private placement under Section 4(a)(2) and Rule 506(b) of Regulation D.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NORTHPOINTE BANCSHARES INC incurred senior notes of $20.0 million with institutional accredited investor at 7.50% maturing March 15, 2036.

Instrument: senior notes
Principal: $20.0 million
Counterparty: institutional accredited investor
Rate: 7.50%
Maturity: March 15, 2036
Event: incurrence

Exact text from the filing

On March 12, 2026, Northpointe Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with an institutional accredited investor (the “Purchaser”), pursuant to which the Company sold and issued a $20.0 million 7.50% Fixed-to-Floating Rate Subordinated Note due 2036

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NORTHPOINTE BANCSHARES INC entered into Subordinated Note Purchase Agreement with an institutional accredited investor valued at $20.0 million (effective 2026-03-12).

Action: entry
Agreement: notes offering
Counterparty: an institutional accredited investor
Value: $20.0 million
Effective: 2026-03-12

Exact text from the filing

On March 12, 2026, Northpointe Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with an institutional accredited investor (the “Purchaser”), pursuant to which the Company sold and issued a $20.0 million 7.50% Fixed-to-Floating Rate Subordinated Note due 2036 (the “Note”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001336706-26-000017

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