Market Exclusive

COMMUNITY SAVINGS BANCORP, INC. (NASDAQ:UBCP) Files An 8-K Entry into a Material Definitive Agreement

COMMUNITY SAVINGS BANCORP, INC. (NASDAQ:UBCP) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01

Entry Into a Material Definitive
Agreement

On November 14, 2016, Community Savings Bancorp, Inc., (the
Company) and Community Savings entered into an Agency Agreement
with Keefe, Bruyette Woods, Inc. (KBW), which will assist in the
marketing of the Companys common stock during its stock offering.

For these services, KBW has received a management fee of $30,000
and will receive a success fee of $250,000 for shares sold in the
subscription and community offering. The management fee will be
credited against the success fee. If, as a result of a
resolicitation, KBW determines that it is required or requested
to provide significant services, KBW will receive an additional
fee not to exceed $25,000.

In the event that KBW sells shares of common stock through a
group of broker-dealers in a syndicated community offering, KBW
will be paid the success fee described above as well as a
transaction fee, which fee, along with the fee payable to
selected dealers (which will include KBW) will not exceed 6.0% in
the aggregate of the dollar amount of total shares sold in the
syndicated community offering; provided, however, that the amount
of the success fee shall be credited on a dollar-for-dollar basis
against any such transaction fee. Any such offering will be on a
best efforts basis, and KBW will serve as sole book-running
manager in such an offering.

The shares of common stock are being offered to a Registration
Statement on Form S-1 (Registration No. 333-213561) filed by the
Company under the Securities Act of 1933, as amended, and a
related prospectus dated November 14, 2016.

The foregoing description of the terms of the Agency Agreement is
qualified in its entirety by references to the Agency Agreement,
which is filed as Exhibit 1.1 hereto and incorporated by
reference herein.

Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Description
1.1 Agency Agreement dated November 14, 2016 by and among the
Company, Community Savings and KBW (exhibits omitted)

About COMMUNITY SAVINGS BANCORP, INC. (NASDAQ:UBCP)
United Bancorp, Inc. is a bank holding company. The Company has one subsidiary bank, The Citizens Savings Bank, Martins Ferry, Ohio (the Bank). The Bank operates two divisions for marketing purposes, The Community Bank, a division of The Citizens Savings Bank and The Citizens Bank, a division of The Citizens Savings Bank. The Bank serves customers in northeastern, eastern, southeastern and south central Ohio and is engaged in the business of commercial and retail banking in Belmont, Harrison, Jefferson, Tuscarawas, Carroll, Athens, Hocking, and Fairfield counties and the surrounding localities. The Bank provides a range of banking and financial services, which includes accepting demand, savings and time deposits and granting commercial, real estate and consumer loans. The Bank offers brokerage service through LPL Financial member National Association Of Securities Dealers/Securities Investor Protection Corporation (NASD/SIPC). COMMUNITY SAVINGS BANCORP, INC. (NASDAQ:UBCP) Recent Trading Information
COMMUNITY SAVINGS BANCORP, INC. (NASDAQ:UBCP) closed its last trading session up +0.18 at 10.98 with – shares trading hands.

Exit mobile version