EWSB Bancorp hires Performance Trust as agent for stock offering in mutual-to-stock conversion

EWSB Bancorp, Inc. /MD/

Performance Trust will market EWSB Bancorp's common stock in connection with the MHC conversion from mutual to stock form and serve as sole manager if a syndicated offering is conducted.
Performance Trust receives $25,000 management fee (credited against success fee) and success fee of greater of $250k or 1.0% of aggregate subscription/community proceeds (excluding certain purchases).
If syndicated community offering occurs, fee is 5.0% of aggregate common stock sold; expenses reimbursed up to $100k legal and $10k other.
Additional $30,000 fee for records agent and stock information center manager, with $10k payable upon mailing of offering materials.
Shares offered under S-1 registration (No. 333-277828) with prospectus dated June 28, 2024.

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