secwatch.observer — SEC 8-K summary
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Issuer:     NORTHPOINTE BANCSHARES INC (NPB)
CIK:        0001336706
Form:       8-K
Filed at:   2026-03-13T23:59:59+00:00
Accession:  0001336706-26-000017
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northpointe Bancshares issues $20M subordinated note at 7.50% fixed rate due 2036
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1336706/000133670626000017/0001336706-26-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1336706/000133670626000017/npb-20260312.htm
  HTML page:      https://secwatch.observer/filing/0001336706-26-000017

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