Winchester Bancorp Files S-1 for Securities Offering

Ticker: WSBK · Form: S-1 · Filed: Dec 12, 2024 · CIK: 2047235

Winchester Bancorp, Inc./Md/ S-1 Filing Summary
FieldDetail
CompanyWinchester Bancorp, Inc./Md/ (WSBK)
Form TypeS-1
Filed DateDec 12, 2024
Risk Levelmedium
Pages15
Reading Time18 min
Key Dollar Amounts$10.00, $400,000, $50, $250,000, $750,000
Sentimentneutral

Sentiment: neutral

Topics: ipo, registration-statement, sec-filing

TL;DR

Winchester Bancorp just filed an S-1, looks like they're gearing up to sell some stock.

AI Summary

Winchester Bancorp, Inc., headquartered in Winchester, Massachusetts, filed an S-1 registration statement on December 12, 2024. The filing indicates the company is preparing to offer securities, though specific dollar amounts and dates for the offering are not yet detailed in this initial document. John A. Carroll serves as President and Chief Executive Officer.

Why It Matters

This S-1 filing signals Winchester Bancorp's intention to raise capital through the public markets, which could impact its future growth and operations.

Risk Assessment

Risk Level: medium — As an S-1 filing, it represents an initial step in a public offering, which inherently carries market and execution risks not yet fully quantifiable.

Key Players & Entities

  • Winchester Bancorp, Inc. (company) — Registrant
  • John A. Carroll (person) — President and Chief Executive Officer
  • 661 Main Street Winchester, Massachusetts 01890 (location) — Principal Executive Offices
  • December 12, 2024 (date) — Filing Date
  • Lawrence M.F. Spaccasi, Esq. (person) — Legal Counsel
  • Ned Quint, Esq. (person) — Legal Counsel
  • Ross Bevan, Esq. (person) — Legal Counsel

FAQ

What is the purpose of this S-1 filing for Winchester Bancorp, Inc.?

The S-1 filing is a registration statement required by the SEC for companies planning to offer securities to the public, indicating Winchester Bancorp's intent to raise capital.

When was this S-1 filing submitted to the SEC?

The S-1 filing was submitted to the Securities and Exchange Commission on December 12, 2024.

Who is the President and CEO of Winchester Bancorp, Inc.?

John A. Carroll is the President and Chief Executive Officer of Winchester Bancorp, Inc.

Where are Winchester Bancorp, Inc.'s principal executive offices located?

Winchester Bancorp, Inc.'s principal executive offices are located at 661 Main Street, Winchester, Massachusetts 01890.

Are there specific details about the proposed securities offering in this S-1 filing?

This initial S-1 filing does not contain specific dollar amounts or dates for the proposed sale of securities; it serves as the initial registration statement.

Filing Stats: 4,458 words · 18 min read · ~15 pages · Grade level 13.6 · Accepted 2024-12-12 14:04:54

Key Financial Figures

  • $10.00 — shares of its common stock for sale at $10.00 per share on a best efforts basis. The
  • $400,000 — outstanding shares of common stock and $400,000 in cash to a charitable foundation that
  • $50 — nts with aggregate balances of at least $50 at the close of business on November 30
  • $250,000 — ngle deposit account, is 25,000 shares ($250,000), and no person together with an associ
  • $750,000 — t may purchase more than 75,000 shares ($750,000). The offering is scheduled to expire
  • $872.9 m — tember 30, 2024, we had total assets of $872.9 million, total deposits of $642.3 million
  • $642.3 million — ts of $872.9 million, total deposits of $642.3 million and total surplus of $80.2 million. We
  • $80.2 million — of $642.3 million and total surplus of $80.2 million. We had a net loss of $632,000 and net
  • $632,000 — of $80.2 million. We had a net loss of $632,000 and net income of $786,000 and $4.2 mil
  • $786,000 — net loss of $632,000 and net income of $786,000 and $4.2 million for the three months e
  • $4.2 million — $632,000 and net income of $786,000 and $4.2 million for the three months ended September 30
  • $6.5 billion — sident and Chief Operating Officer of a $6.5 billion asset publicly traded bank in the great

Filing Documents

RISK FACTORS

RISK FACTORS 18 SELECTED FINANCIAL AND OTHER DATA 39 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 41 HOW WE INTEND TO USE THE PROCEEDS FROM THE OFFERING 43 OUR POLICY REGARDING DIVIDENDS 44 MARKET FOR THE COMMON STOCK 45 HISTORICAL AND PRO FORMA REGULATORY CAPITAL COMPLIANCE OF WINCHESTER SAVINGS BANK 46 CAPITALIZATION 47 PRO FORMA DATA 48 COMPARISON OF VALUATION AND PRO FORMA INFORMATION WITH AND WITHOUT THE CHARITABLE FOUNDATION 53

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 54 BUSINESS OF WINCHESTER BANCORP, MHC 70 BUSINESS OF WINCHESTER BANCORP, INC. 70 BUSINESS OF WINCHESTER SAVINGS BANK 71 TAXATION 87 SUPERVISION AND REGULATION 88 MANAGEMENT 100 SUBSCRIPTIONS BY DIRECTORS AND EXECUTIVE OFFICERS 111 THE REORGANIZATION AND OFFERING 112 THE CHARITABLE FOUNDATION 133 RESTRICTIONS ON THE ACQUISITION OF WINCHESTER BANCORP, INC. AND WINCHESTER SAVINGS BANK 135

DESCRIPTION OF CAPITAL STOCK OF WINCHESTER BANCORP,

DESCRIPTION OF CAPITAL STOCK OF WINCHESTER BANCORP, INC. 141 TRANSFER AGENT AND REGISTRAR 143 LEGAL AND TAX MATTERS 143 EXPERTS 143 WHERE YOU CAN FIND MORE INFORMATION 143 REGISTRATION REQUIREMENTS 144 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS OF WINCHESTER SAVINGS BANK F-1 i Table of Contents SUMMARY The following summary provides material information regarding the offering of common stock by Winchester Bancorp, Inc. and the business of Winchester Savings Bank. The summary may not contain all the information that is important to you. For additional information, you should read this entire prospectus carefully, including the consolidated financial statements and the notes to the financial statements of Winchester Savings Bank, and the section entitled Risk Factors. In certain circumstances, where appropriate, the terms we, us and our refer collectively to Winchester Bancorp, MHC, Winchester Bancorp, Inc., Winchester Savings Bank or to any of those entities, depending on the context. The Companies Winchester Bancorp, MHC Winchester Bancorp, MHC will be formed as the Massachusetts-chartered mutual holding company of Winchester Bancorp, Inc. in connection with the reorganization of Winchester Savings Bank into the two-tier mutual holding company form of organization. Upon completion of the reorganization and offering, Winchester Bancorp, MHC will own 55% of Winchester Bancorp, Inc.s common stock. As a mutual holding company, Winchester Bancorp, MHC will be a non-stock company that will be required by law to own a majority of the outstanding voting stock of Winchester Bancorp, Inc. for so long as Winchester Bancorp, MHC remains in existence. Winchester Bancorp, MHC, through its board of trustees, will be able to exercise voting control over virtually all matters put to a vote of stockholders of Winchester Bancorp, Inc. Winchester Bancorp, MHC will be subject to comprehensive regulation and examination by the Massachusetts Comm

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