secwatch.observer — SEC 8-K summary
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Issuer:     PSB Financial, Inc. (—)
CIK:        0002087419
Form:       8-K
Filed at:   2026-05-21T19:32:30+00:00
Accession:  0001104659-26-065112
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PSB Financial closes conversion and stock offering; raises $17.2M
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- Sold 1,719,250 shares at $10.00 per share, gross proceeds $17,192,500.
- Offering oversubscribed; first-category eligible depositors and ESOP filled, others refunded.
- Common stock to trade on OTCQB under symbol PNSB starting May 22, 2026.
- ESOP purchased 137,540 shares in the offering.
- Keefe Bruyette & Woods acted as selling agent and financial advisor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2087419/000110465926065112/0001104659-26-065112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2087419/000110465926065112/tm2615280d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-065112

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer