CSB Financial Inc., the stock holding company for Community Savings Bank of Bethel, Ohio, has completed its initial public offering following the organization’s conversion from a mutual to a stock form. The company sold shares through a subscription offering and finalized the share issuance that will underpin its public listing.
In total, CSB Financial sold 1,375,435 shares of common stock at a price of $10.00 per share, generating gross proceeds of approximately $13.8 million. That sum includes 112,235 shares purchased by the bank’s Employee Stock Ownership Plan. Additionally, the company issued 27,500 shares to Community Savings Bank Foundation, Inc., bringing the issued and outstanding share count to 1,402,935.
The company has announced that its common stock is expected to commence trading on the OTCQB Market on July 30, 2026. Trading will occur under the ticker symbol "CSBA".
Continental Stock Transfer & Trust Company, acting as the transfer agent for CSB Financial, indicated it will mail Direct Registration System book-entry statements along with any interest checks to subscribers on or about July 30, 2026. These mailings are intended to provide shareholders with evidence of their holdings in book-entry form rather than physical certificates.
Legal and advisory roles for the transaction were disclosed. Luse Gorman, PC served as legal counsel to both the company and the bank. Performance Trust Capital Partners, LLC acted as the marketing agent for the offering, with Kilpatrick Townsend & Stockton LLP providing legal counsel to Performance Trust Capital Partners.
Summary of offering details
- Shares sold in subscription offering: 1,375,435
- Offering price: $10.00 per share
- Gross proceeds: approximately $13.8 million
- Employee Stock Ownership Plan purchase: 112,235 shares
- Shares issued to foundation: 27,500
- Total issued and outstanding shares: 1,402,935
- Expected OTCQB listing date and symbol: July 30, 2026 - CSBA
The company completed the conversion and issuance steps that finalize the mutual-to-stock transition and prepare CSB Financial for public trading on the OTCQB Market. The transaction structure and the notifications from the transfer agent outline the operational steps to finalize share registration and delivery to subscribers.
All details above reflect the company disclosures regarding the offering, transfer agent actions, and advisor roles related to the transaction.