NSTS Bancorp Sets September 29 Vote on $73.7M All-Cash Merger with Brookfield Bancshares
NSTS sits 31% above its 52-week low of $10.72.
Summary
NSTS Bancorp's definitive proxy sets a September 29, 2026 stockholder vote on its $73.7 million all-cash sale to Brookfield Bancshares at $14.28 per share. All regulatory approvals are secured, and insiders holding 5.2% of shares have committed to vote in favor.
Key Events · M&A and Partnerships · NSTS
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Special Meeting Set for September 29
Stockholders of record as of August 14, 2026 will vote on the merger agreement at a special meeting on September 29, 2026 at 10:00 a.m. local time in Waukegan, Illinois.
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All Regulatory Approvals Secured
The Federal Reserve approved the application on August 24, 2026, and the OCC approved both the parent and bank applications on August 10 and August 19, 2026 respectively — clearing the regulatory path to closing.
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Insiders Commit 5.2% of Shares
All directors and executive officers, holding 271,853 shares (5.2% of outstanding), have signed voting agreements requiring them to vote in favor of the merger.
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Merger Consideration Details
Each share converts to approximately $14.28 in cash, representing a 12.9% premium to the $12.65 pre-announcement price on May 12, 2026. The $73.662 million consideration is subject to downward adjustment if transaction expenses exceed $4.5 million.
Analysis · NSTS · Finance
The definitive proxy statement for the $73.7 million all-cash acquisition by Brookfield Bancshares at $14.28 per share has been filed. Stockholders will convene on September 29, 2026, with a record date of August 14, 2026. All required regulatory approvals are in hand — the Federal Reserve approved on August 24, 2026, and the OCC approved both the parent and bank applications on August 10 and August 19, 2026 respectively. Directors and executive officers, holding 5.2% of outstanding shares, have signed voting agreements committing to vote in favor. The merger consideration represents a 12.9% premium to the $12.65 closing price on May 12, 2026, the last trading day before announcement, and a 2.0% premium to the current $14.00 price. The deal is expected to close in Q4 2026, subject to stockholder approval and satisfaction of remaining conditions including the Mortgage Division Disposition and ESOP termination.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 35.6% of the 1819 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. 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, NSTS was trading at $13.99 on NASDAQ in the Finance sector, with a market capitalization of approximately $73.5M. The 52-week trading range was $10.72 to $14.05. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.