#United States #Chicago #stock offering #Hoyne Bancorp #Hoyne Savings

Hoyne Bancorp, Inc. Completes Major Stock Offering and Conversion

On December 3, 2025, Hoyne Bancorp, Inc., known as the impending savings and loan holding company for Hoyne Savings Bank, celebrated a significant milestone. The company successfully closed its subscription offering, which was a key part of its conversion from a mutual holding company to a stock holding company structure, paving the way for its future operations as a stock savings bank and wholly-owned subsidiary of Hoyne Bancorp.

The closure of this offering was not only anticipated but marked a major step in the company's transition. Following the completion of this process, trading of the company's common stock, priced at $0.01 per share, is set to commence on the Nasdaq Capital Market under the ticker symbol "HYNE" starting on December 4, 2025.

In a strong show of interest, Hoyne Bancorp sold a total of 7,935,000 shares of Common Stock, which is the adjusted maximum of the offering range. This includes 647,755 shares subscribed by the Hoyne Savings Bank's Employee Stock Ownership Plan (ESOP). Gross proceeds from this offering are estimated at around $79.4 million before deducting any expenses related to the offering. In addition, the company contributed 161,938 shares to the newly established Hoyne Charitable Foundation, part of the strategic plan associated with this conversion.

This subscription offering, which had a closing date of November 5, 2025, experienced oversubscription from eligible account holders, reflecting strong demand from potential investors. Those in the first subscription category, particularly eligible depositors of Hoyne Savings Bank, received fully allocated shares as outlined in the company's prospectus published on September 30, 2025. However, subscribers outside of this category will receive full refunds of their subscription funds plus interest, as was detailed in the prospectus.

Eligible participants can validate their subscription and allocations online or reach out to the dedicated Stock Information Center, which operates during business hours on weekdays, excluding bank holidays.

Transitioning to a stock holding company format affirms Hoyne Bancorp's commitment to enhancing stakeholder value while adhering to regulatory frameworks and market strategies.

The restructuring process was supported significantly by Keefe, Bruyette & Woods, a Stifel Company, acting as the selling agent and financial advisor, with Vedder Price P.C., based in Chicago, serving as the legal counsel for both the company and the bank. This collaboration underscores the meticulous planning behind the conversion effort.

Hoyne Bancorp also leveraged the expertise of Breyer Associates PC, which provided legal counsel to the financial advisory team, ensuring that all compliance aspects were thoroughly addressed throughout the conversion journey.

As Hoyne Bancorp embarks on this new phase as a publicly-traded company, the stakeholders can expect transparent operations moving forward. However, they must also understand the inherent risks associated with investment in stocks, as emphasized in the company's statements that shares of common stock are not considered savings accounts or deposits and that they may lose value without insurance from government backing like the Federal Deposit Insurance Corporation.

The outlook remains cautiously optimistic, with the company's leadership aware of the uncertainties that come with market fluctuations and operational transitions. Investors are urged to keep an eye on forthcoming announcements that may shape the immediate future of Hoyne Bancorp and its commercial strategies in the financial landscape.

In conclusion, and as planned, with the initiation of trading in the stock market nearly upon us, Hoyne Bancorp, Inc. is set to launch into a new era—aiming to fulfill its mission with transparency, engagement, and a focus on community-centered banking solutions.