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

Hoyne Bancorp, Inc. Announces the Closing Date for Its Conversion and Stock Offering

Hoyne Bancorp, Inc., a Delaware corporation, has successfully received all required regulatory approvals necessary for closing its anticipated subscription offering. This offering is part of the transition of Hoyne Savings, MHC from its mutual holding company structure to a stock holding company structure and is related to the conversion of Hoyne Savings Bank into a stock savings bank. The closing of these crucial steps is expected to take place at the end of business on December 3, 2025.

Following the conclusion of this offering, shares of Hoyne Bancorp's common stock will begin trading on the Nasdaq Capital Market under the ticker symbol HYNE on December 4, 2025. This marks a significant milestone for the company as it moves forward in this new corporate structure.

The subscription offering period ran until November 5, 2025, and saw an incredibly high level of interest, as it was oversubscribed by eligible account holders as of the close of business on March 31, 2024. Hoyne Bancorp anticipates selling 7,935,000 shares of its common stock, which will be priced at $10.00 per share. This includes allocating 647,755 shares to the Hoyne Savings Bank’s Employee Stock Ownership Plan (ESOP). All valid subscription orders from eligible depositors will be processed according to the priorities and allocation procedures detailed in the company's September 30, 2025 prospectus.

For those who did not meet eligibility criteria for the subscription offering, their subscription funds will be fully refunded with interest, as indicated in the prospectus. Apart from the sale of common stock, Hoyne Bancorp also plans to donate 161,938 shares to the Hoyne Charitable Foundation, a move that aligns with their commitment to giving back to the community.

In total, the company expects to have 8,096,938 shares of common stock outstanding upon completion of the conversion and stock offering. On or about December 3, 2025, Pacific Stock Transfer, the chosen transfer agent, will distribute Direct Registration System (DRS) Book-Entry statements for shares purchased in the subscription offering along with any refund and interest checks.

Starting from December 1, 2025, eligible subscribers will be able to verify their subscription and allocations via the online portal: https//allocations.kbw.com. Additionally, the Stock Information Center will be open Monday through Friday, from 9:00 AM to 3:00 PM Central Time, to assist with confirming allocation information.

Keefe, Bruyette & Woods, Inc., a Stifel Company, played a vital role as the selling agent and financial advisor for the company and the bank throughout this offering and conversion process. Legal counsel for the bank was provided by Vedder Price P.C. based in Chicago, while Breyer Associates PC served as legal counsel for Keefe, Bruyette & Woods, Inc.

Forward-Looking Statements

It's important to note that certain statements included in this release are categorized as forward-looking and are subject to numerous business uncertainties and external factors. These may potentially alter expected timelines and results significantly. Management urges stakeholders to stay informed as developments unfold.

The registration statement concerning these shares is filed with the United States Securities and Exchange Commission. This announcement does not constitute an offer to sell or a solicitation of an offer to purchase shares of common stock. The formal offer is detailed in the written prospectus within the registration statement. It is also essential to emphasize that shares of common stock are not savings accounts, could lose value, and are not insured by the Federal Deposit Insurance Corporation (FDIC) or any governmental entity.