SR Bancorp hires KBW as marketing agent for mutual-to-stock conversion offering

SR Bancorp, Inc.

Agency Agreement with Keefe, Bruyette & Woods for stock offering marketing in connection with conversion.
KBW will receive 1.0% fee on shares sold in subscription offering (excluding charitable foundation shares).
If syndicated community offering occurs, fee is 6.0% of aggregate dollar amount sold.
Additional $30,000 fee for conversion agent and data processing services, plus expense reimbursement.
Offering is under SEC Registration Statement on Form S-1 (No. 333-270489).

item 1.01 item 9.01

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

SR Bancorp, Inc. entered into Agency Agreement with Keefe, Bruyette & Woods, Inc. (effective 2023-07-13).

Action: entry
Agreement: underwriting
Counterparty: Keefe, Bruyette & Woods, Inc.
Effective: 2023-07-13

Exact text from the filing

On July 13, 2023, SR Bancorp, Inc., a Maryland corporation (“SR Bancorp”), and Somerset Savings Bank, SLA (the “Bank”) entered into an Agency Agreement with Keefe, Bruyette & Woods, Inc. (“KBW”).

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SR Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-186907

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