---
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"
generated_at: "2026-05-16T22:29:15.777350+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# OP Bancorp closes $25M 7.50% fixed-to-floating subordinated note due 2035

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001722010-25-000016
- JSON: https://secwatch.observer/filing/0001722010-25-000016.json
- Plain text: https://secwatch.observer/filing/0001722010-25-000016.txt

## Key facts
- Debt Financings
  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.
  - Principal: $25 million
  - Rate: 7.50% per annum fixed from issuance to November 15, 2030, then floating at 3-mon
  - Maturity: November 15, 2035
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1722010/000172201025000016/0001722010-25-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.