Mineola Community Bank ESOP Trust Amends Texas Community Bancshares Stake

TL;DR

**Mineola Community Bank's ESOP still holds a big chunk of Texas Community Bancshares.**

AI Summary

Mineola Community Bank, S.S.B. Employee Stock Ownership Plan Trust filed an amended SC 13G/A on January 31, 2024, indicating its beneficial ownership of Texas Community Bancshares, Inc. common stock as of December 31, 2023. This filing updates previous disclosures, showing the Trust's continued significant stake in the company. For investors, this means a large institutional holder, specifically an employee ownership plan, maintains a substantial position, which can signal long-term confidence in the company's stability and future performance.

Why It Matters

This filing shows that the employee stock ownership plan continues to hold a significant stake, which can indicate internal confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an employee stock ownership plan, indicating no immediate significant risk or change in company fundamentals.

Analyst Insight

Investors should note the continued presence of an employee stock ownership plan as a significant holder, which can be a positive indicator of internal alignment and long-term commitment, but this filing alone doesn't warrant immediate action.

Key Players & Entities

• Mineola Community Bank, S.S.B. Employee Stock Ownership Plan Trust (company) — the reporting person beneficially owning shares
• Texas Community Bancshares, Inc. (company) — the issuer of the securities
• December 31, 2023 (date) — the date of the event requiring the filing
• January 31, 2024 (date) — the filing date of the SC 13G/A

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• sc13-_2023.htm (SC 13G/A) — 37KB
• 0000943374-24-000036.txt ( ) — 38KB

From the Filing

SC 13G/A 1 sc13-_2023.htm TEXAS COMMUNITY BANCSHARES, INC. SCHEDULE 13G (AMENDMENT 2) DECEMBER 31, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2) * Texas Community Bancshares, Inc. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 88231Q 108 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 5 Pages CUSIP NO. 88231Q 108 13G Page 2 of 5 Pages 1 Names of Reporting Persons Mineola Community Bank, S.S.B. Employee Stock Ownership Plan Trust 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3 SEC Use Only 4 Citizenship or Place of Organization Texas Number of Shares Beneficially Owned by Each Reporting Person With: 5 Sole Voting Power 221,528 6 Shared Voting Power 38,757 7 Sole Dispositive Power 260,285 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 260,285 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11 Percent of Class Represented by Amount in Row 9 8.1% of 3,198,881 shares of Common Stock outstanding as of December 31, 2023. 12 Type of Reporting Person (See Instructions) EP CUSIP NO. 88231Q 108 13G Page 3 of 5 Pages Item 1. (a) Name of Issuer Texas Community Bancshares, Inc. (b) Address of Issuer's Principal Executive Offices 215 West Broad Street Mineola, Texas 75773 Item 2. (a) Name of Person Filing Mineola Community Bank, S.S.B. Employee Stock Ownership Plan Trust Trustee: Community Bank of Pleasant Hill, dba First Trust of MidAmerica (b) Address of Principal Business Office 3500 N Village Dr. Suite 220 St. Joseph, Missouri 64506 (c) Citizenship or Place of Organization See Page 2, Item 4. (d) Title of Class of Securities Common Stock, par value $0.01 per share (e) CUSIP Number See Page 1. Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). CUSIP NO. 88231Q 108 13G Page 4 of 5 Pages Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: See Page 2, Item 9. (b) Percent of class: See Page 2, Item 11. (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: See Page 2, Number 5. (ii) Shared power to vote or to direct the vote: See Page 2, Number 6. (iii) Sole power to dispose or to direct the disposition of: See Page 2, Number 7. (iv) Shared power to dispose or to direct the disposition of: See Page 2, Number 8. Item 5. Not applicable Item 6. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person Not applicable Item 8. Identification and Classification of Members of the Group The reporting person is an employee benefit plan subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended. Item 9. Notice of Dissolution of Group Not applicable Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. CUSIP NO. 88231Q 108 13G Page 5 of 5 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. MINEOLA COMMUNITY BANK, S.S.B. EMPLOYEE STOCK OWNERSHIP PLAN TRUST Date: January 25, 2024

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View this SC 13G/A filing on SEC EDGAR