EWSB Bancorp, Inc. Files Pre-Effective Amendment No. 1 to S-1 Registration Statement

Ticker: EWSB · Form: S-1/A · Filed: Apr 22, 2024 · CIK: 2013792

Ewsb Bancorp, Inc. /Md/ S-1/A Filing Summary
FieldDetail
CompanyEwsb Bancorp, Inc. /Md/ (EWSB)
Form TypeS-1/A
Filed DateApr 22, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$150,000, $300,000, $10.00, $122.2 m, $30.8 m
Sentimentneutral

Sentiment: neutral

Topics: EWSB Bancorp, S-1/A, SEC Filing, IPO, Registration Statement

TL;DR

<b>EWSB Bancorp, Inc. has submitted a pre-effective amendment to its S-1 registration statement, indicating progress towards a public offering.</b>

AI Summary

EWSB Bancorp, Inc. /MD/ (EWSB) filed a Amended IPO Registration (S-1/A) with the SEC on April 22, 2024. EWSB Bancorp, Inc. filed a pre-effective amendment (No. 1) to its Form S-1 registration statement on April 22, 2024. The filing is under the Securities Act of 1933, with registration number 333-277828. The company's principal executive offices are located at 109 West Second Street, Kaukauna, Wisconsin 54130. Charles D. Schmalz is listed as President and Chief Executive Officer. The filing indicates EWSB Bancorp, Inc. is a non-accelerated filer and a smaller reporting company.

Why It Matters

For investors and stakeholders tracking EWSB Bancorp, Inc. /MD/, this filing contains several important signals. This amendment signifies a step forward in EWSB Bancorp's journey to become a publicly traded company, potentially allowing for capital raising and increased visibility. The filing provides updated information for potential investors, detailing the company's structure, leadership, and regulatory status.

Risk Assessment

Risk Level: low — EWSB Bancorp, Inc. /MD/ shows low risk based on this filing. The filing is an amendment to a registration statement, which is a standard procedural step for companies going public and does not contain significant new financial or operational risks.

Analyst Insight

Monitor future filings for the effectiveness of the registration statement and details regarding the public offering.

Key Numbers

  • 333-277828 — Registration Number (Form S-1 Registration Statement)
  • 2024-04-22 — Filing Date (Pre-Effective Amendment No. 1)

Key Players & Entities

  • EWSB Bancorp, Inc. (company) — Registrant name
  • Charles D. Schmalz (person) — President and Chief Executive Officer
  • Silver, Freedman, Taff & Tiernan LLP (company) — Legal counsel
  • Luse Gorman, PC (company) — Legal counsel
  • Maryland (company) — State of incorporation
  • Wisconsin (company) — State of principal executive offices

FAQ

When did EWSB Bancorp, Inc. /MD/ file this S-1/A?

EWSB Bancorp, Inc. /MD/ filed this Amended IPO Registration (S-1/A) with the SEC on April 22, 2024.

What is a S-1/A filing?

A S-1/A is a amendment to an IPO registration statement, typically incorporating SEC feedback. This particular S-1/A was filed by EWSB Bancorp, Inc. /MD/ (EWSB).

Where can I read the original S-1/A filing from EWSB Bancorp, Inc. /MD/?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by EWSB Bancorp, Inc. /MD/.

What are the key takeaways from EWSB Bancorp, Inc. /MD/'s S-1/A?

EWSB Bancorp, Inc. /MD/ filed this S-1/A on April 22, 2024. Key takeaways: EWSB Bancorp, Inc. filed a pre-effective amendment (No. 1) to its Form S-1 registration statement on April 22, 2024.. The filing is under the Securities Act of 1933, with registration number 333-277828.. The company's principal executive offices are located at 109 West Second Street, Kaukauna, Wisconsin 54130..

Is EWSB Bancorp, Inc. /MD/ a risky investment based on this filing?

Based on this S-1/A, EWSB Bancorp, Inc. /MD/ presents a relatively low-risk profile. The filing is an amendment to a registration statement, which is a standard procedural step for companies going public and does not contain significant new financial or operational risks.

What should investors do after reading EWSB Bancorp, Inc. /MD/'s S-1/A?

Monitor future filings for the effectiveness of the registration statement and details regarding the public offering. The overall sentiment from this filing is neutral.

How does EWSB Bancorp, Inc. /MD/ compare to its industry peers?

EWSB Bancorp, Inc. operates within the savings institutions sector, focusing on financial services.

Are there regulatory concerns for EWSB Bancorp, Inc. /MD/?

The filing is made under the Securities Act of 1933, which governs the registration of securities offered to the public.

Industry Context

EWSB Bancorp, Inc. operates within the savings institutions sector, focusing on financial services.

Regulatory Implications

The filing is made under the Securities Act of 1933, which governs the registration of securities offered to the public.

What Investors Should Do

  1. Review the full S-1/A filing for detailed business descriptions and financial information.
  2. Track the SEC's review process and any further amendments or comments.
  3. Analyze the final prospectus once the registration statement is declared effective.

Year-Over-Year Comparison

This is the first amendment filed for this registration statement.

Filing Stats: 4,596 words · 18 min read · ~15 pages · Grade level 12 · Accepted 2024-04-22 16:36:51

Key Financial Figures

  • $150,000 — , may purchase more than 15,000 shares ($150,000) of common stock, and no person or enti
  • $300,000 — , may purchase more than 30,000 shares ($300,000) of common stock. All shares of common
  • $10.00 — re being offered for sale at a price of $10.00 per share. Purchasers will not pay a co
  • $122.2 m — commercial loans. At December 31, 2023, $122.2 million, or 69.7%, of our total loan port
  • $30.8 m — r-family residential real estate loans, $30.8 million, or 17.6%, of our total loan port
  • $6.2 m — marine and recreational vehicle loans, $6.2 million, or 3.5%, of our total loan portf
  • $4.0 m — e equity loans and lines of credit, and $4.0 million, or 2.3%, of our total loan portf
  • $18.6 million — he funding of our operations and we had $18.6 million of FHLB advances at December 31, 2023.
  • $935,000 — 023 and 2022, we incurred net losses of $935,000 and $4.2 million, respectively. Our res
  • $4.2 m — we incurred net losses of $935,000 and $4.2 million, respectively. Our results of ope
  • $5.1 million — able-for-sale securities resulting in a $5.1 million pretax loss upon the sale of those secu
  • $50.00 — ank with aggregate balances of at least $50.00 at the close of business on December 31
  • $8.8 million — ebruary 23, 2024, this market value was $8.8 million. Based on applicable state and federal
  • $7.4 million — of a valuation range with a minimum of $7.4 million and a maximum of $10.1 million. Based o
  • $10.1 million — inimum of $7.4 million and a maximum of $10.1 million. Based on this valuation range and the

Filing Documents

BUSINESS

BUSINESS OF NEW EWSB BANCORP, INC. 67

BUSINESS

BUSINESS OF EAST WISCONSIN SAVINGS BANK 67 SUPERVISION AND REGULATION 87 TAXATION 101 MANAGEMENT OF EWSB BANCORP, INC. 102 SUBSCRIPTIONS BY DIRECTORS AND EXECUTIVE OFFICERS 112 THE CONVERSION AND OFFERING 113 RESTRICTIONS ON ACQUISITION OF NEW EWSB BANCORP, INC. 137 DESCRIPTION OF CAPITAL STOCK 144 TRANSFER AGENT 146 EXPERTS 146 LEGAL AND TAX MATTERS 146 WHERE YOU CAN FIND ADDITIONAL INFORMATION 146 Index to Consolidated Financial Statements F-1 SUMMARY The following summary explains the significant aspects of the MHC's mutual-to-stock conversion and the related offering of New EWSB Bancorp common stock. It may not contain all of the information that is important to you. For additional information before making an investment decision, you should read this entire document carefully, including the consolidated financial statements and the notes to the financial statements, and the section entitled "Risk Factors." In this prospectus, the terms "we," "our," and "us" refer to New EWSB Bancorp, the Bank, the MHC and the current Wisconsin-chartered mid-tier holding company of the Bank, EWSB Bancorp, Inc. ("Old EWSB Bancorp"), unless the context indicates another meaning. New EWSB Bancorp, Inc. New EWSB Bancorp, Inc. is a newly formed Maryland corporation that will own all of the outstanding shares of common stock of the Bank upon completion of the conversion and the offering. New EWSB Bancorp has not engaged in any business to date. Our corporate offices are located at 109 West Second Street, Kaukauna, Wisconsin 54130. Our telephone number at this address is (920) 766-4646. East Wisconsin Savings Bank The Bank is a Wisconsin-chartered stock savings bank headquartered in Kaukauna, Wisconsin. The Bank was organized in 1887 under the name Kaukauna Savings and Loan Association. In 1972, the Bank changed its name to East Wisconsin Savings and Loan Association and in 1997, the Bank changed its name to East Wisconsin Savings Bank,

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