NB Bancorp expects conversion and IPO close Dec 27; 40.9975M shares at $10 on Nasdaq

NB Bancorp, Inc.

Conversion and IPO close expected Dec 27, 2023; shares to trade on Nasdaq under "NBBK" on Dec 28.
Offering oversubscribed; 40,997,500 shares sold at $10.00 per share.
ESOP intends to purchase up to 8% of outstanding shares (3,416,458) in open market.
Company to contribute 1,708,229 shares and $2.0M cash to Needham Bank Charitable Foundation.
Subscription oversubscribed by first-tier priority depositors; other orders not filled.

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