#1895 Bancorp #PyraMax Bank #KBW

1895 Bancorp of Wisconsin Explores New Horizons

1895 Bancorp of Wisconsin, Inc., the parent company of PyraMax Bank, has made a notable announcement that may reshape its future. Recently, the company revealed its engagement with Keefe, Bruyette & Woods, Inc. (KBW), a firm renowned for its investment banking services, to facilitate a thorough evaluation of strategic alternatives. This marks a pivotal point in the company’s journey as it navigates through its operational landscape.

The Strategic Focus

The partnership with KBW is comprehensive, covering a variety of strategic avenues which might include the possibility of a business combination, or even a sale of control over the company. Although no specific timeline has been set for the conclusion of this strategic review, the company's leadership is keen on leveraging KBW's expertise to enhance shareholder value.

David Ball, the President and CEO of 1895 Bancorp, has articulated enthusiasm regarding this collaboration, emphasizing the long-standing reputation of KBW in serving the banking sector. Ball stated, “KBW is a preeminent investment banking firm serving our industry, and we look forward to working with them as part of our comprehensive effort to enhance stockholder value.”

Furthermore, the company has announced plans to voluntarily delist its common stock from the Nasdaq Stock Market and deregister the stock under the Securities Exchange Act of 1934. This deregistration aligns with their efforts to streamline operations and reduce compliance and accounting expenses. As part of this process, the company intends to file the necessary notifications and expects the last trading day for their stock on Nasdaq to be March 7, 2025.

Transition to OTCQX Market

Post delisting, 1895 Bancorp’s common stock will continue to be available for trading, transitioning to the OTCQX Market, retaining the stock symbol