---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-24-000256"
form_type: "8-K"
ticker: "FSEA"
cik: "0001943802"
company_name: "First Seacoast Bancorp, Inc."
filed_at: "2024-06-17T23:59:59+00:00"
generated_at: "2026-06-01T04:11:15.007943+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First Seacoast sells four bank properties for $7.5M, leases them back for 15 years

## Summary
- Sale of four bank office properties to MountainSeed for ~$7.5M cash; pre-tax gain of ~$2.5M.
- Master lease with initial 15-year term, one 15-year renewal option; annual lease payments ~$678K.
- Parent company First Seacoast Bancorp guarantees the lease; no offices closed or markets exited.
- Transaction provides cash for investment and balance sheet flexibility, per CEO James Brannen.

## SEC filing metadata
- accession: 0000943374-24-000256
- form_type: 8-K
- ticker: FSEA
- cik: 0001943802
- company_name: First Seacoast Bancorp, Inc.
- filed_at: 2024-06-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1943802/000094337424000256/0000943374-24-000256-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1943802/000094337424000256/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-24-000256
- JSON: https://secwatch.observer/filing/0000943374-24-000256.json
- Plain text: https://secwatch.observer/filing/0000943374-24-000256.txt

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