---
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"
generated_at: "2026-06-10T09:17:08.455447+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Meridian Corp issues $9.74M in 8.00% subordinated notes due 2033

## Summary
- 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).

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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001750735-23-000074
- JSON: https://secwatch.observer/filing/0001750735-23-000074.json
- Plain text: https://secwatch.observer/filing/0001750735-23-000074.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: aggregate of $9,740,000 of fixed rate subordinated notes
  - Counterparty: accredited investors
  - Rate: fixed annual rate of 8.00%, payable semi-annually in arrears
  - Maturity: September 22, 2033
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1750735/000175073523000074/0001750735-23-000074-index.htm
- Material Agreements
  Meridian Corp entered into Subordinated Note Purchase Agreement with accredited investors valued at $9,740,000 (effective 2023-09-22).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: accredited investors
  - Value: $9,740,000
  - Effective: 2023-09-22
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1750735/000175073523000074/0001750735-23-000074-index.htm

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