{"schema_version":"secwatch.filing_event.v1","accession":"0001750735-23-000074","form_type":"8-K","ticker":"MRBK","cik":"0001750735","company_name":"Meridian Corp","filed_at":"2023-09-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.084600+00:00","generated_at":"2026-06-10T09:17:08.455447+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Meridian Corp issues $9.74M in 8.00% subordinated notes due 2033","bullets":["Issued $9,740,000 aggregate principal of fixed-rate subordinated notes in a private placement.","Notes bear 8.00% interest, payable semi-annually, maturing September 22, 2033.","Proceeds used for general corporate purposes and to provide capital to Meridian Bank.","Notes are unsecured and subordinated to senior indebtedness; redeemable after August 15, 2028.","Offered only to accredited investors under Section 4(a)(2) and Rule 506(b)."],"urls":{"canonical":"https://secwatch.observer/filing/0001750735-23-000074","json":"https://secwatch.observer/filing/0001750735-23-000074.json","markdown":"https://secwatch.observer/filing/0001750735-23-000074.md","text":"https://secwatch.observer/filing/0001750735-23-000074.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1750735/000175073523000074/0001750735-23-000074-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1750735/000175073523000074/mrbk-20230925.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T09:17:08.455447+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":"ab70bef6c4661f5454535f110624ac7bc347093c","claim":"Meridian Corp incurred senior notes of aggregate of $9,740,000 of fixed rate subordinated notes with accredited investors at fixed annual rate of 8.00%, payable semi-annually in arrears maturing September 22, 2033.","evidence_excerpt":"On September 22, 2023, Meridian Corporation (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Agreement”) with accredited investors under which the Company issued an aggregate of $9,740,000 of fixed rate subordinated notes due September 22, 2033 (the “Subordinated Notes”) in a private placement.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750735/000175073523000074/0001750735-23-000074-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"aggregate of $9,740,000 of fixed rate subordinated notes"},{"label":"Counterparty","value":"accredited investors"},{"label":"Rate","value":"fixed annual rate of 8.00%, payable semi-annually in arrears"},{"label":"Maturity","value":"September 22, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"de4f97425a4531a304c56bba363e0d17d39ea230","claim":"Meridian Corp entered into Subordinated Note Purchase Agreement with accredited investors valued at $9,740,000 (effective 2023-09-22).","evidence_excerpt":"On September 22, 2023, Meridian Corporation (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Agreement”) with accredited investors under which the Company issued an aggregate of $9,740,000 of fixed rate subordinated notes due September 22, 2033 (the “Subordinated Notes”) in a private placement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750735/000175073523000074/0001750735-23-000074-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"accredited investors"},{"label":"Value","value":"$9,740,000"},{"label":"Effective","value":"2023-09-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}