#United States #Chicago #IPO #Hoyne Bancorp #Hoyne Savings Bank

Hoyne Bancorp, Inc. Announces IPO Plans

On June 17, 2025, Hoyne Bancorp, Inc., a newly established corporation in Delaware, disclosed its plans for an initial public offering (IPO) of common stock. This company is set to become the holding entity for Hoyne Savings Bank, which is based in Chicago, Illinois. The IPO aims to transition Hoyne Savings from its current status as a federally chartered mutual holding company to a stock-based organization.

The Transition to a Stock Firm

The move to a stock form of organization is a landmark decision for Hoyne Savings, facilitating a broader range of funding opportunities. By filing a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC), Hoyne Bancorp prepares itself to undertake this major financial transformation. The offering will be crucial for enhancing the bank's capital base, thereby assisting in its expansion and service enhancement.

Hoyne Bancorp anticipates that its common stock will attract investors looking for stable returns and an opportunity to support local banking while participating in a growth story. The new structure is expected to position the bank to better serve its community and clients while adhering to regulatory requirements.

Financial Partnership

In this endeavor, Hoyne Bancorp has partnered with Keefe, Bruyette & Woods, an established financial institution known for its expertise in banking and capital markets. This firm will serve as the financial advisor during the IPO process, providing insights into market opportunities and assisting with stock marketing efforts. Meanwhile, the legal framework surrounding this transformation will be managed by Vedder Price P.C., a reputable law firm with experience in corporate and securities law.

Regulatory Considerations

It's important to note that the registration statement filed with the SEC is a precursor to the public offering but must receive regulatory approval before any shares can be sold. The securities being offered cannot be sold, nor can offers to buy be accepted until the registration statement becomes effective. This cautious approach underscores Hoyne Bancorp's commitment to compliance and transparency in its financial endeavors.

Forward-Looking Statements

Hoyne Bancorp has also issued a statement regarding the forward-looking nature of its announcements. The firm acknowledges that the future of its operations is subject to various risks including economic conditions, competitive pressures, and regulatory changes. As such, actual developments may diverge significantly from current expectations. Investors are encouraged to review all associated documents carefully once they are available to make informed decisions.

Conclusion

The impending IPO of Hoyne Bancorp signifies a strategic step in the company's growth trajectory and highlights its ambition to evolve within the competitive banking industry. By transitioning to a publicly traded entity, Hoyne Bancorp aims to expand its operational capabilities and community outreach, reinforcing its commitment to serving its clients effectively. As the company moves forward, stakeholders will be closely monitoring the upcoming developments leading to the IPO, making it a notable event in Chicago's financial landscape.