#IPO #URSB Bancorp #United Roosevelt Savings Bank

URSB Bancorp, Inc. Successfully Closes Initial Public Offering

In a significant development in the financial services sector, URSB Bancorp, Inc. has announced the successful closing of its initial public offering (IPO). This marks an important landmark for the company, which is the holding entity for United Roosevelt Savings Bank. The IPO, finalized on March 26, 2026, was facilitated as part of the mutual-to-stock conversion of United Roosevelt, MHC, the bank's previous mutual holding company.

The company set an offering of 2,314,375 shares of common stock, reaching the adjusted maximum of their anticipated range. As part of this offering, 186,750 shares were allocated specifically to the Bank’s Employee Stock Ownership Plan (ESOP), with shares priced at $10.00 each. This effectively resulted in gross proceeds approaching $23.1 million before any offering-related expenses were deducted. Additionally, URSB Bancorp made a charitable contribution of 20,000 shares to the URSB Charitable Foundation, Inc., which was established to support various community initiatives in connection with the stock conversion.

As a result of the stock offering and conversion, the total shares of common stock issued and outstanding for URSB Bancorp now stands at 2,334,375. This platform positions the bank strategically in the market, aiming for growth and enhanced service delivery to its clientele.

Starting on March 27, 2026, URSB Bancorp's shares are expected to be traded on the OTCQB Market under the ticker symbol **