Lincoln Park Bancorp. announced that it has completed a private issuance of a $5 million fixed-rate subordinated term note to a qualified institutional investor. Unless prepaid earlier, the note matures on July 1, 2026. The note is intended to qualify as Tier 2 capital under the Federal Reserve's capital guidelines. The company intends to use the net issuance proceeds to support continued organic growth of the Bank and general corporate purposes. Sandler O'Neill + Partners, L.P. served as the sole placement agent for the note issuance. Luse Gorman, PC served as special legal counsel for the company.