Bogota Financial Corp. Files 8-K with Material Agreements

TL;DR

Bogota Financial Corp. filed an 8-K on Nov 15, 2024, detailing material agreements and financial results.

AI Summary

Bogota Financial Corp. filed an 8-K on January 6, 2025, reporting on events that occurred on November 15, 2024. The filing indicates a material definitive agreement, results of operations, and financial statements. The company is a savings institution not federally chartered, headquartered in Teaneck, New Jersey.

Why It Matters

This 8-K filing provides investors with crucial updates on Bogota Financial Corp.'s material agreements and financial performance, impacting their investment decisions.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of material agreements and financial information, not indicating any immediate significant risks.

Key Players & Entities

• Bogota Financial Corp. (company) — Registrant
• November 15, 2024 (date) — Date of earliest event reported
• January 6, 2025 (date) — Filing date
• Teaneck, New Jersey (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 B — ich registered Common Stock, par value $0.01 BSBK The Nasdaq Stock Market, LLC Indi
• $12.5 million — te cash purchase price of approximately $12.5 million. Under the Sale Agreement, the Bank c
• $9.0 million — lted in a pre-tax gain of approximately $9.0 million. The aggregate first-year rent expense
• $1.0 million — year rent expense will be approximately $1.0 million. The foregoing description of the Sal

Filing Documents

• d912649d8k.htm (8-K) — 31KB
• d912649dex101.htm (EX-10.1) — 186KB
• d912649dex991.htm (EX-99.1) — 6KB
• g912649dsp035.jpg (GRAPHIC) — 4KB
• g912649page034.jpg (GRAPHIC) — 7KB
• 0001193125-25-001946.txt ( ) — 402KB
• bsbk-20241115.xsd (EX-101.SCH) — 3KB
• bsbk-20241115_lab.xml (EX-101.LAB) — 18KB
• bsbk-20241115_pre.xml (EX-101.PRE) — 11KB
• d912649d8k_htm.xml (XML) — 4KB

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains certain forward-looking statements about the Company and the Bank. 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, inflation, general economic conditions or conditions within the securities markets, real estate market values in the Bank's lending area, changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; the availability of low-cost funding; our continued reliance on brokered and municipal deposits; demand for loans in our market area; changes in the quality of our loan and security portfolios, economic assumptions or changes in our methodology, either of which may impact our allowance for credit losses calculation, increases in non-performing and classified loans, monetary and fiscal policies of the U.S. Government including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, a failure in or breach of the Company's operational or security systems or infrastructure, including cyberattacks, the failure to maintain current technologies, failure to retain or attract employees and legislative, accounting and regulatory changes that could adversely affect the business in which the Company and the Bank are engaged. The Company undertakes no obligation to revise these forward-looking statements or to reflect events or cir

Financial Statements and Exhibits

Financial Statements and Exhibits (a) Financial Statements of Businesses Acquired. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Shell Company Transactions. Not applicable. (d) Exhibits. Exhibit No. Description 10.1 Agreement for Purchase and Sale of Property, dated November 15, 2024* 99.1 Press release dated January 6, 2025 104 Cover Page Interactive Data File (formatted in iXBRL and contained in Exhibit 101) * Certain exhibits and/or schedules to the Exhibit have been omitted pursuant to Item 601(a)(5). The Company agrees to furnish a copy of any omitted schedule or similar attachment to the Securities and Exchange Commission upon request.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. BOGOTA FINANCIAL CORP. DATE: January 6, 2025 By: /s/ Kevin Pace Kevin Pace President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR