EWSB Bancorp, Inc. Files S-1 Registration Statement

TL;DR

<b>EWSB Bancorp, Inc. has filed an S-1 registration statement with the SEC, marking a step towards a potential public offering.</b>

AI Summary

EWSB Bancorp, Inc. /MD/ (EWSB) filed a IPO Registration (S-1) with the SEC on March 11, 2024. EWSB Bancorp, Inc. filed an S-1 registration statement with the SEC on March 11, 2024. The company is incorporated in Maryland and its fiscal year ends on December 31. Its principal executive offices are located at 109 West Second Street, Kaukauna, Wisconsin. The filing is for a registration statement under the Securities Act of 1933. The company is classified as a smaller reporting company and a non-accelerated filer.

Why It Matters

For investors and stakeholders tracking EWSB Bancorp, Inc. /MD/, this filing contains several important signals. This S-1 filing indicates EWSB Bancorp's intention to become a publicly traded company, which could provide access to capital markets for growth and expansion. As a smaller reporting company and non-accelerated filer, EWSB Bancorp may have different disclosure requirements and compliance obligations compared to larger entities.

Risk Assessment

Risk Level: low — EWSB Bancorp, Inc. /MD/ shows low risk based on this filing. The filing is an S-1 registration statement, which is a preliminary step for a company going public and does not contain operational or financial performance data that would indicate immediate risk.

Analyst Insight

Monitor future filings for detailed financial information and the progress of the public offering.

Key Numbers

• 333-277828 — SEC File Number (EWSB Bancorp, Inc. S-1 Filing)
• 2024-03-11 — Filing Date (EWSB Bancorp, Inc. S-1 Filing)

Key Players & Entities

• EWSB Bancorp, Inc. (company) — Registrant
• 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 Business Address

FAQ

Industry Context

The filing pertains to a financial institution preparing for a public offering, a common process for companies seeking to raise capital and increase visibility.

Regulatory Implications

The S-1 form is a registration statement filed with the U.S. Securities and Exchange Commission (SEC) by companies intending to go public. It requires extensive disclosure of business operations, financial condition, and management.

What Investors Should Do

1. Review the full S-1 filing for detailed business descriptions and financial projections.
2. Track subsequent SEC filings for updates on the registration process and potential offering details.
3. Analyze the company's business model and competitive landscape once more information becomes available.

Key Dates

• 2024-03-11: Filing of S-1 Registration Statement — Indicates the company's intent to offer securities to the public.

Year-Over-Year Comparison

This is the initial S-1 filing for EWSB Bancorp, Inc., so there is no prior filing to compare against.

Key Financial Figures

• $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.
• $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
• $11.6 m — g is either below $7.4 million or above $11.6 million, then, after consulting with the
• $150,000 — , may purchase more than 15,000 shares ($150,000) of common stock. If any of the followi
• $300,000 — purchases, cannot exceed 30,000 shares ($300,000) of common stock: &middot; your spouse

Filing Documents

• tm248039d1_s1.htm (S-1) — 2695KB
• tm248039d1_ex1-1.htm (EX-1.1) — 56KB
• tm248039d1_ex1-2.htm (EX-1.2) — 44KB
• tm248039d1_ex2.htm (EX-2) — 199KB
• tm248039d1_ex3-1.htm (EX-3.1) — 72KB
• tm248039d1_ex3-2.htm (EX-3.2) — 105KB
• tm248039d1_ex4.htm (EX-4) — 14KB
• tm248039d1_ex5.htm (EX-5) — 7KB
• tm248039d1_ex8-1.htm (EX-8.1) — 50KB
• tm248039d1_ex8-2.htm (EX-8.2) — 25KB
• tm248039d1_ex10-1.htm (EX-10.1) — 109KB
• tm248039d1_ex10-2.htm (EX-10.2) — 106KB
• tm248039d1_ex10-3.htm (EX-10.3) — 106KB
• tm248039d1_ex10-4.htm (EX-10.4) — 110KB
• tm248039d1_ex10-5.htm (EX-10.5) — 68KB
• tm248039d1_ex10-6.htm (EX-10.6) — 56KB
• tm248039d1_ex21.htm (EX-21) — 2KB
• tm248039d1_ex23-2.htm (EX-23.2) — 4KB
• tm248039d1_ex23-3.htm (EX-23.3) — 3KB
• tm248039d1_ex99-1.htm (EX-99.1) — 24KB
• tm248039d1_ex99-2.htm (EX-99.2) — 6KB
• tm248039d1_ex99-3.htm (EX-99.3) — 2380KB
• tm248039d1_ex99-6.htm (EX-99.6) — 11KB
• tm248039d1_ex-filingfees.htm (EX-FILING FEES) — 11KB
• image_001.jpg (GRAPHIC) — 5KB
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• tm248039d1_ex1-1img01.jpg (GRAPHIC) — 4KB
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• tm248039d1_ex4img001.jpg (GRAPHIC) — 371KB
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• tm248039d1_ex99-3img003.jpg (GRAPHIC) — 4KB
• tm248039d1_ex99-6img001.jpg (GRAPHIC) — 2KB
• tm248039d1_s1-finsimg01.jpg (GRAPHIC) — 9KB
• tm248039d1_s1-finsimg02.jpg (GRAPHIC) — 2KB
• map01.jpg (GRAPHIC) — 68KB
• logo02.jpg (GRAPHIC) — 3KB
• 0001104659-24-033075.txt (&nbsp;) — 7513KB

BUSINESS

BUSINESS OF NEW EWSB BANCORP, INC. 62

BUSINESS

BUSINESS OF EAST WISCONSIN SAVINGS BANK 62 SUPERVISION AND REGULATION 82 TAXATION 96 MANAGEMENT OF EWSB BANCORP, INC. 97 SUBSCRIPTIONS BY DIRECTORS AND EXECUTIVE OFFICERS 107 THE CONVERSION AND OFFERING 108 RESTRICTIONS ON ACQUISITION OF NEW EWSB BANCORP, INC. 132 DESCRIPTION OF CAPITAL STOCK 139 TRANSFER AGENT 141 EXPERTS 141 LEGAL AND TAX MATTERS 141 WHERE YOU CAN FIND ADDITIONAL INFORMATION 141 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, S.

View Full Filing

View this S-1 filing on SEC EDGAR