{"schema_version":"secwatch.filing_event.v1","accession":"0001722010-25-000016","form_type":"8-K","ticker":"OPBK","cik":"0001722010","company_name":"OP Bancorp","filed_at":"2025-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.253432+00:00","generated_at":"2026-05-16T22:29:15.777350+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"OP Bancorp closes $25M 7.50% fixed-to-floating subordinated note due 2035","bullets":["$25M principal, maturity Nov 15, 2035; fixed 7.50% for 5 years then SOFR+411bps.","Proceeds to strengthen Open Bank's regulatory capital and support growth.","Note qualifies as Tier 2 capital; redeemable after Nov 15, 2030 subject to regulatory approval.","Raymond James & Associates acted as sole placement agent."],"urls":{"canonical":"https://secwatch.observer/filing/0001722010-25-000016","json":"https://secwatch.observer/filing/0001722010-25-000016.json","markdown":"https://secwatch.observer/filing/0001722010-25-000016.md","text":"https://secwatch.observer/filing/0001722010-25-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1722010/000172201025000016/0001722010-25-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1722010/000172201025000016/opbk-20251107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T22:29:15.777350+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b28dd2637933a2049c547b83f14923f8cc2bf32b","claim":"OP Bancorp incurred debt of $25 million at 7.50% per annum fixed from issuance to November 15, 2030, then floating at 3-mon maturing November 15, 2035.","evidence_excerpt":"On November 7, 2025, OP Bancorp (the “Company”), the parent company of Open Bank (the “Bank”), completed a private placement of $25 million principal amount of fixed-to-floating rate subordinated note due 2035 (the “Note”) pursuant to a subordinated note purchase agreement in a private placement (the “Agreement”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1722010/000172201025000016/0001722010-25-000016-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$25 million"},{"label":"Rate","value":"7.50% per annum fixed from issuance to November 15, 2030, then floating at 3-mon"},{"label":"Maturity","value":"November 15, 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}