FB Bancorp Files 401(k) Plan Registration
Ticker: FBLA · Form: S-1/A · Filed: Jun 7, 2024 · CIK: 2013639
| Field | Detail |
|---|---|
| Company | Fb Bancorp, INC. /Md/ (FBLA) |
| Form Type | S-1/A |
| Filed Date | Jun 7, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $10.00, $50, $250, $700,000, $1,200,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 401k, retirement-plan, sec-filing
TL;DR
FB Bancorp's Fidelity Bank 401(k) plan is getting SEC registered. 🚀
AI Summary
FB Bancorp, Inc. filed an S-1/A on June 7, 2024, for its Fidelity Bank 401(k) Retirement Plan. The filing, a pre-effective amendment, details the registration of securities under the Securities Act of 1933. The company is incorporated in Maryland and headquartered in New Orleans, Louisiana.
Why It Matters
This filing indicates FB Bancorp is proceeding with the registration of its 401(k) plan, which is a step towards offering retirement savings options to its employees.
Risk Assessment
Risk Level: low — This is a routine filing for a retirement plan registration, not directly related to the company's core financial performance or market risk.
Key Numbers
- 333-277630 — SEC File Number (Identifies the specific registration statement with the SEC.)
- 6036 — SIC Code (Indicates the company operates in the Savings Institutions sector.)
Key Players & Entities
- FB Bancorp, Inc. (company) — Filer of the S-1/A
- Fidelity Bank 401(k) Retirement Plan (company) — Subject of the registration statement
- Christopher Ferris (person) — President and Chief Executive Officer of FB Bancorp, Inc.
- June 7, 2024 (date) — Date of filing
- 353 Carondelet Street, New Orleans, Louisiana 70130 (location) — Principal executive offices
FAQ
What is the purpose of this S-1/A filing?
The purpose is to file a pre-effective amendment to the Form S-1 registration statement for the Fidelity Bank 401(k) Retirement Plan under the Securities Act of 1933.
Who is the primary filer of this document?
The primary filer is FB Bancorp, Inc., with its principal executive offices located at 353 Carondelet Street, New Orleans, Louisiana.
When was this amendment filed with the SEC?
This amendment was filed on June 7, 2024.
What is the company's principal business activity based on the SIC code?
The company's Standard Industrial Classification (SIC) code is 6036, which corresponds to Savings Institutions, Not Federally Chartered.
Who is listed as the President and Chief Executive Officer?
Christopher Ferris is listed as the President and Chief Executive Officer of FB Bancorp, Inc.
Filing Stats: 4,803 words · 19 min read · ~16 pages · Grade level 12.9 · Accepted 2024-06-07 17:01:41
Key Financial Figures
- $10.00 — shares of its common stock for sale at $10.00 per share. In connection with the stock
- $50 — cription Offering: (1)Each person with $50 or more on deposit at Fidelity as of th
- $250 — 401(k) Plan, the minimum investment is $250, which will purchase 25 shares. No indi
- $700,000 — s. No individual may purchase more than $700,000 (70,000 shares) of FB Bancorp common st
- $1,200,000 — erson or entity, may purchase more than $1,200,000 (120,000 shares) of FB Bancorp common s
- $32,646,927 — employees of Fidelity was approximately $32,646,927. How to Order Stock in the Offering
- $0.05 — In addition, a brokerage commission of $0.05 per share of stock purchased will be ch
Filing Documents
- d756920ds1a.htm (S-1/A) — 3264KB
- d756920dex232.htm (EX-23.2) — 2KB
- d756920dex234.htm (EX-23.4) — 3KB
- d756920dex993.htm (EX-99.3) — 1453KB
- d756920dex994.htm (EX-99.4) — 83KB
- d756920dex995.htm (EX-99.5) — 105KB
- d756920dexfilingfees.htm (EX-FILING FEES) — 17KB
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- g756920bancorpsmall.jpg (GRAPHIC) — 39KB
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- g756920g34h06.jpg (GRAPHIC) — 32KB
- g756920g73r85.jpg (GRAPHIC) — 25KB
- g756920page002.jpg (GRAPHIC) — 121KB
- 0001193125-24-157503.txt ( ) — 6171KB
RISK FACTORS
RISK FACTORS 1 THE OFFERING 1 Securities Offered 1 Election to Purchase FB Bancorp Common Stock 2 Purchase Priorities 2 Purchases in the Offering and Oversubscriptions 3 Composition of the FB Bancorp Stock Fund 3 Minimum and Maximum Investment 4 Value of the 401(k) Plan Assets 4 How to Order Stock in the Offering 4 Order Deadline 6 Irrevocability of Transfer Direction 6 Future Direction to Purchase and Sell Common Stock 6 Voting Rights of Common Stock 7 DESCRIPTION OF THE 401(k) PLAN 7 Introduction 7 Eligibility and Participation 7 Contributions under the Plan 7 Limitations on Contributions 8 Benefits under the 401(k) Plan 8 Investment of Contributions and Account Balances 9 Performance History 9 Description of the Investment Funds 10 FB Bancorp Stock Fund 13 Withdrawals from the 401(k) Plan 14 Administration of the 401(k) Plan 14 Amendment and Termination 14 Merger, Consolidation or Transfer 14 Federal Income Tax Consequences 14 Notice of Your Rights Concerning Employer Securities 15 Additional ERISA Considerations 16 Securities and Exchange Commission Reporting and Short-Swing Profit Liability 16 Financial Information Regarding 401(k) Plan Assets 17 LEGAL OPINION 17 Table of Contents
RISK FACTORS
RISK FACTORS In addition to considering the material risks disclosed under Risk Factors beginning on page 12 of the attached prospectus, you should also consider the following: If you elect to purchase FB Bancorp common stock using your 401(k) Plan account balance and the stock offering is oversubscribed, you will bear the risk of price changes in the investment funds of the 401(k) Plan. If you elect to purchase FB Bancorp common stock using your 401(k) Plan account balance, the 401(k) Plan trustee will sell the designated amount within your 401(k) Plan account among your investment fund balances. If the stock offering is oversubscribed ( i.e. , there are more orders for FB Bancorp common stock than shares available for sale in the stock offering) and the 401(k) Plan trustee cannot use any or all of the funds you allocate to purchase FB Bancorp common stock, the funds that cannot be invested in FB Bancorp common stock, and any interest earned on such funds, will be reinvested in your existing investment funds of the 401(k) Plan, according to your then existing investment election ( i.e. , in proportion to your investment direction for future contributions). During the period from when the 401(k) Plan trustee sells a portion of your investment funds until reinvestment of some or all of those funds back into your investment funds as a result of an oversubscription, you will bear the risk of price changes in the investment funds. It is possible that during this period some or all of the investment funds may have increased in value more than the amount of any interest you may have earned on the reinvested funds before reinvestment. See The Offering Purchases in the Stock Offering and Oversubscriptions in this prospectus supplement. THE OFFERING Securities Offered Fidelity is offering participants in the 401(k) Plan the opportunity to purchase participation interests in shares of FB Bancorp common stock through the 401(k) Plan. A participation interest repres