COMMUNITY SAVINGS BANCORP, INC. (NASDAQ:UBCP) Files An 8-K Other Events
Item 8.01 Other Events
Company), a Maryland corporation and the holding company for
Community Savings (the Bank) announced that it completed its
stock offering in connection with the mutual to stock conversion
of the Bank, effective January 10, 2017. Shares of the Companys
common stock are expected to begin trading on January 11, 2017 on
the OTC Pink Marketplace (www.otcmarkets.com). A trading symbol
for the common stock has not yet been assigned.
stock, including 32,688 shares purchased by the Banks employee
stock ownership plan, at a price of $10.00 per share, for gross
offering proceeds of $4,412,900.
the stock offering are expected to be mailed to subscribers on or
about January 11, 2017, and any interest checks due to
subscribers are expected to be mailed on January 11, 2017. If you
subscribed for stock and would like to confirm your purchase,
please contact the Stock Information Center at (877) 821-5775
(toll free) from 10:00 a.m. until 4:00 p.m., Eastern Time, except
bank holidays. You can also confirm your allocation online at
https://allocations.kbw.com.
stock offering and as financial advisor to the Company and the
Bank in connection with the mutual to stock conversion. Luse
Gorman, PC served as legal counsel to the Company and the Bank.
Kilpatrick Townsend Stockton LLP served as legal counsel to KBW.
Forward-looking statements include statements regarding
anticipated future events and can be identified by the fact that
they do not relate strictly to historical or current facts. They
often include words such as believe, expect, anticipate,
estimate, and intend or future or conditional verbs such as will,
would, should, could, or may. Forward-looking statements, by
their nature, are subject to risks and uncertainties. Certain
factors that could cause actual results to differ materially from
expected results include increased competitive pressures, changes
in the interest rate environment, general economic conditions or
conditions within the securities markets, and legislative or
regulatory changes that could adversely affect the business in
which the Company or the Bank are engaged.
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(a)
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Financial Statements of Businesses Acquired.
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Not Applicable.
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(b)
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Pro Forma Financial Information
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Not Applicable.
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(c)
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Shell Company Transactions
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Not Applicable.
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(d)
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Exhibits
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Not Applicable
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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 +0.35 at 13.40 with 622 shares trading hands.
