secwatch.observer — SEC 8-K summary
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Issuer:     ECB Bancorp, Inc. /MD/ (ECBK)
CIK:        0001914605
Form:       8-K
Filed at:   2022-05-13T23:59:59+00:00
Accession:  0001193125-22-149840
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ECB Bancorp enters agency agreement with KBW for stock offering in mutual-to-stock conversion
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- KBW to receive $30,000 management fee and selling agent fee of 1% of shares sold in subscription and community offerings.
- KBW also receives $25,000 fee for conversion agent and data processing services plus reimbursement of out-of-pocket and legal expenses.
- If syndicated community offering is conducted, transaction fee capped at 6% of aggregate purchase price of shares sold.
- Stock offering is part of Everett Co-operative Bank's conversion from mutual to stock co-operative bank under Form S-1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1914605/000119312522149840/0001193125-22-149840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1914605/000119312522149840/d697652d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-149840

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