OP Bancorp Announces Closing of $25 million of 7.50% Fixed-to-Floating Rate Subordinated Note

Core Viewpoint - OP Bancorp has successfully completed a private placement of $25 million in subordinated notes, indicating a strategic move to enhance its capital structure and financial flexibility [1]. Group 1: Financial Details - The private placement involved fixed-to-floating rate subordinated notes due in 2035, which may attract investors looking for stable returns [1]. - The issuance was conducted without registration under the Securities Act of 1933, suggesting a targeted approach to capital raising [1]. Group 2: Strategic Implications - This capital raise could provide OP Bancorp with additional resources to support growth initiatives and strengthen its balance sheet [1]. - The completion of this private placement reflects the company's ongoing efforts to optimize its funding strategy in a competitive banking environment [1].