URSB Bancorp, Inc. Reports Successful Results of Subscription Offering for Mutual-to-Stock Conversion

URSB Bancorp, Inc. Announces Subscription Offering Results

On March 9, 2026, URSB Bancorp, Inc., the intended parent company of United Roosevelt Savings Bank, revealed the results from its recent subscription offering tied to its mutual-to-stock conversion process involving United Roosevelt, MHC, which is the bank's mutual holding company.

In this latest round of subscriptions, the offering was notably oversubscribed by account holders categorized as supplemental eligible, as of December 31, 2025. The total valid subscription orders exceeded the set maximum range of $23,143,750. Given this oversubscription, the ordering is currently governed by the allocation procedures outlined in the Company's Prospectus released on January 9, 2026.

The outcomes were announced in conjunction with a Special Meeting of Depositors that took place on February 26, 2026, at which the plan for conversion formulated by the MHC was accepted. Additionally, the meeting sanctioned the funding and setup of a charitable foundation associated with the conversion process. Moving forward, the finalization of this conversion is contingent on receiving regulatory approval and fulfilling customary conditions that precede the closing of such transactions.

URSB Bancorp plans to disseminate a press release once all required regulatory approvals are obtained and a date for closing is anticipated.

Legal representation for URSB Bancorp and the United Roosevelt Savings Bank is being managed by Luse Gorman, PC. Janney Montgomery Scott LLC has taken up the role of marketing agent for this subscription offering, while Stevens Lee is also engaged as legal counsel for the company.

It’s noteworthy to mention that shares of common stock for URSB Bancorp, Inc. are not categorized as deposits or savings accounts. They do not carry the backing of the Federal Deposit Insurance Corporation or any other government entity.

Within this press release, there arise certain forward-looking statements concerning the conversion and stock offering, identified by phrases that indicate future events rather than solely addressing historical facts. This includes terminology such as "believe," "expect," "anticipate," "estimate," and other similar terms.

It is crucial to understand that forward-looking statements are inherently subject to multiple risks and uncertainties. Various factors can create discrepancies between actual results and anticipated outcomes. These can include delays or failures in securing necessary final regulatory approvals and postponements in closing the conversion and stock offering processes.

For inquiries, please contact Kenneth R. Totten, the Chairman, President, and Chief Executive Officer, at (732) 541-5445.