secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Corp (MRBK)
CIK:        0001750735
Form:       8-K
Filed at:   2023-09-25T23:59:59+00:00
Accession:  0001750735-23-000074
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meridian Corp issues $9.74M in 8.00% subordinated notes due 2033
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750735/000175073523000074/0001750735-23-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750735/000175073523000074/mrbk-20230925.htm
  HTML page:      https://secwatch.observer/filing/0001750735-23-000074

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