Quaint Oak Bancorp sells Allentown property for $2.94M, leases back for 15 years

QUAINT OAK BANCORP, INC.

Agreement to sell property at 1710 Union Blvd, Allentown, PA for $2,940,000 to Mountainseed Real Estate Services.
Simultaneous leaseback for 15 years at initial annual rent of $279,300; Company guarantees lease.
Closing must occur by December 31, 2024; buyer has inspection period up to 45 days.
Property currently houses bank's Lehigh Valley office and admin space; subleased portion to third party.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.