Garden Grove, California: November 7, 2025: US Metro Bancorp (OTCQX: USMT): US Metro Bancorp (“Bancorp”), the parent company of US Metro Bank (“Bank”), today announced the successful closing of its private placement of $31.9 million aggregate principal amount 6.00% Fixed Interest Rate Subordinated Debt Notes (the “Notes”) on October 31, 2025. The Notes will mature on October 31, 2028, and will bear interest at a rate equal to 6.00% per annum payable on a quarterly basis in arrears. Bancorp will use the proceeds for general corporate purposes including organic growth and/or repayment of certain existing debt instruments. Additionally, Bancorp announced the redemption of $16.0 million 5.65% Fixed to Floating Rate Subordinated Notes with a Floating Rate Period commencement on November 1, 2025. Bancorp has elected to redeem the $16.0 million Subordinated Notes on November 7, 2025 (the “Redemption Date”). Janney Montgomery Scott LLC served as financial advisor for the offering. “We are pleased with the results of our second subordinated debt capital raise this year. This capital raise allows US Metro Bancorp to refinance higher floating rate debt and supports the continued growth of the Bank” said CEO Dong Il Kim. US Metro Bank is a California chartered, full service commercial bank headquartered in Garden Grove, California. The Bank opened for business on September 15, 2006, and offers deposit and loan products (including commercial real estate, commercial and industrial, mortgage, SBA and USDA loans), as well as related banking services to its customers.
