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TYSONS CORNER, Va., December 19, 2025 – ODNB Financial Corporation (the “Company”) today announced the completion of a private placement of a $25 million 7.25% Fixed-to-Floating Rate Subordinated Note due 2035 (the “Note”) to a subsidiary of EJF Capital, LLC, a locally-based global institutional asset management firm specializing in financials.
The Note will initially bear interest at a fixed annual rate of 7.25%, payable semi-annually in arrears, until December 30, 2030, and will reset quarterly thereafter to the then current three-month SOFR rate plus 383 basis points, payable quarterly in arrears. Beginning on December 19, 2030, the Note may be redeemed, in whole or in part, at the Company’s option subject to any required regulatory approval, on any scheduled interest payment date. Prior to December 19, 2030, the Note may be redeemed, in whole but not in part, at any time upon certain specified events.
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