secwatch.observer — SEC 8-K summary
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Issuer:     OP Bancorp (OPBK)
CIK:        0001722010
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001722010-25-000016
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722010/000172201025000016/0001722010-25-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722010/000172201025000016/opbk-20251107.htm
  HTML page:      https://secwatch.observer/filing/0001722010-25-000016

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