secwatch.observer — SEC 8-K summary
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Issuer:     First Savings Financial Group, Inc. (—)
CIK:        0001435508
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001104659-23-106885
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Savings Financial Group to exit residential mortgage banking; estimates $2.5M pre-tax charge
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- Board committed to exit residential mortgage banking operations in Q1 FY ending Dec 31, 2023.
- Estimated pre-tax charge of ~$2.5M: $1.8M employee costs, $600K contract termination, $50K lease termination.
- All costs expected to be cash expenditures.
- Bank to continue originating 1-4 family mortgages from local retail centers and 1st Lien HELOCs from Franklin, TN office.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1435508/000110465923106885/0001104659-23-106885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1435508/000110465923106885/tm2327763d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-106885

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