CSB Financial Inc. Announces Expected Closing Date of Initial Public Offering
CSB Financial Inc. (the “Company”), the proposed stock holding company for Community Savings Bank (the “Bank”), announced today that all regulatory approvals have been received to complete the Bank’s conversion from the mutual-to-stock form of organization and the Company’s related initial public offering. The Bank’s members approved the conversion transaction, including the establishment and funding of a charitable foundation, at a Special Meeting of Members held on July 1, 2026.
The conversion transaction is expected to close on July 29, 2026. The Company’s common stock is expected to be quoted on the OTCQB Market beginning on or about July 30, 2026 (ticker symbol assignment pending).
The Company intends to sell 1,375,435 shares of common stock (which is between the maximum and adjusted maximum of the offering range disclosed in the Company’s Prospectus dated May 14, 2026), which includes 112,235 shares to be sold to the Bank’s Employee Stock Ownership Plan, for gross offering proceeds (before deducting offering expenses) of approximately $13.8 million based on the offering price of $10.00 per share. Additionally, the Company intends to contribute 27,500 shares of common stock to Community Savings Bank Foundation, Inc., to be established and funded in connection with the conversion transaction. The Company expects to have 1,402,935 shares of common stock issued and outstanding upon the closing of the conversion transaction.
