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.
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.