CSB Financial Completes Mutual-to-Stock Conversion, Raises $13.75M at $10/Share
CSBA is trading near its 52-week low of $12 (12% above the low) on light trading volume (0.1× avg).
Summary
CSB Financial completed its mutual-to-stock conversion, raising approximately $13.75 million through the sale of 1,375,435 shares at $10.00 per share. The stock began trading on the OTCQB on July 30, 2026.
Key Events · Financing and Capital Events · CSBA
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Conversion Completed
CSB Financial completed its mutual-to-stock conversion on July 29, 2026, becoming the parent bank holding company of Community Savings Bank.
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Stock Offering Priced
The company sold 1,375,435 shares at $10.00 per share, raising approximately $13.75 million in gross proceeds.
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Conversion Costs
Total deferred conversion costs reached approximately $1,446,786 as of August 12, 2026, reducing net proceeds from the offering.
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Charitable Foundation and ESOP
The bank established a charitable foundation funded with 27,500 shares and $100,000 cash, and an ESOP purchased 8% of the shares sold in the offering.
Analysis · CSBA · Finance
CSB Financial completed its mutual-to-stock conversion on July 29, 2026, selling 1,375,435 shares at $10.00 per share for gross proceeds of approximately $13.75 million. The conversion transforms the bank from a mutual to a stock form, creating a publicly traded holding company. Deferred conversion costs totaled approximately $1.45 million, reducing net proceeds. The stock began trading on the OTCQB under symbol CSBA on July 30, 2026. This is a significant capital event that establishes the company's public equity base and provides capital for future growth.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CSBA was trading at $13.48 on OTC in the Finance sector. The 52-week trading range was $12.00 to $13.56. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.