secwatch.observer — SEC 8-K summary
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Issuer:     Origin Bancorp, Inc. (OBK)
CIK:        0001516912
Form:       8-K
Filed at:   2025-09-10T23:59:59+00:00
Accession:  0001516912-25-000135
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Director Chu resigns as customer Tricolor files Ch.7; $30.1M loans on non-accrual
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- Director Daniel T. Chu resigned from Origin Bancorp's board effective Sept 7, 2025; no disagreements cited.
- Chu is CEO of Tricolor Holdings, which filed Chapter 7 bankruptcy on Sept 10, 2025.
- Origin Bank has $30.1M loan commitments to Tricolor, primarily secured by notes receivable; loans placed on non-accrual.
- Bank evaluating collateral and potential additional credit loss provisions; intends to pursue all remedies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1516912/000151691225000135/0001516912-25-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1516912/000151691225000135/obnk-20250907.htm
  HTML page:      https://secwatch.observer/filing/0001516912-25-000135

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer