Mercer Bancorp to close mutual-to-stock conversion on July 26; expects $9.7M gross proceeds

Mercer Bancorp, Inc.

Mercer Bancorp will close its mutual-to-stock conversion and stock offering on July 26, 2023.
Company expects to sell 972,970 shares at $10.00 per share, including 81,838 ESOP shares, for ~$9.7M gross.
Will contribute 50,000 shares to Mercer Savings Charitable Foundation.
Members approved the conversion on July 13, 2023.
Common stock expected to be quoted on OTCQB starting July 27; DRS statements mailed on or about same date.

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