---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-24-000088"
form_type: "8-K"
ticker: null
cik: "0001849670"
company_name: "PB Bankshares, Inc."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T12:59:26.454258+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# PB Bankshares subsidiary sells vacant branch-adjacent land for $950,000

## Summary
- Presence Bank, a wholly owned subsidiary of PB Bankshares, agreed to sell vacant land at 691 W. Main Street, New Holland, PA.
- Purchase price of $950,000; closing expected by October 1, 2024, subject to standard closing conditions.
- Buyer is Ferfeldt Investments LLC; property consists of approximately 1.2 acres adjacent to an existing branch.
- The land is currently vacant and non-income producing; proceeds will be received in cash at closing.

## SEC filing metadata
- accession: 0000943374-24-000088
- form_type: 8-K
- cik: 0001849670
- company_name: PB Bankshares, Inc.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849670/000094337424000088/0000943374-24-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849670/000094337424000088/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-24-000088
- JSON: https://secwatch.observer/filing/0000943374-24-000088.json
- Plain text: https://secwatch.observer/filing/0000943374-24-000088.txt

## Key facts
- Material Agreements
  PB Bankshares, Inc. entered into Agreement with Ferfeldt Investments LLC. valued at $950,000 (effective 2024-02-21).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Ferfeldt Investments LLC.
  - Value: $950,000
  - Effective: 2024-02-21
  source text: On February 21, 2024, Presence Bank (the “Bank”), a wholly owned subsidiary of PB Bankshares, Inc. entered into a Purchase and Sale Agreement (the “Agreement”) with Ferfeldt Investments LLC., a Florida limited liability company (the “Buyer”), to sell vacant land adjoined to the Bank’s branch at 691 W. Main Street, New Holland, Pennsylvania.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849670/000094337424000088/0000943374-24-000088-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.