URSB Bancorp hires Janney for stock offering in mutual-to-stock conversion

URSB Bancorp, Inc.

Agency Agreement with Janney Montgomery Scott on best-efforts basis for stock offering.
Janney received $50k refundable management fee; will get $375k success fee at closing.
Expense reimbursements capped at $25k (Janney) and $125k (legal), subject to increase.
If syndicated community offering conducted, Janney earns 6% of aggregate purchase price.
Offering registered on Form S-1 (No. 333-290213) with prospectus dated Jan 9, 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

URSB Bancorp, Inc. entered into Agency Agreement with Janney Montgomery Scott LLC valued at $375,000 (effective 2026-01-09).

Action: entry
Agreement: underwriting
Counterparty: Janney Montgomery Scott LLC
Value: $375,000
Effective: 2026-01-09

Exact text from the filing

On January 9, 2026, URSB Bancorp, Inc. (the “Company”), United Roosevelt Savings Bank, United Roosevelt, MHC (the “MHC”), United Roosevelt Bancorp and Janney Montgomery Scott LLC (“Janney”) entered into an Agency Agreement, pursuant to which Janney will assist the Company, on a best efforts basis, in marketing the Company’s common stock during the Company’s stock offering in connection with the MHC’s proposed conversion from the mutual form of organization to the stock form of organization.

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URSB Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-002896

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