FB Bancorp hires Performance Trust as marketing agent for mutual-to-stock conversion offering

FB Bancorp, Inc. /MD/

Management fee of $30k, success fee of 0.95% of subscription offering and 1.5% of community offering proceeds.
Success fee of 5.0% for shares sold to accredited institutional investors solicited by Performance Trust.
Expense reimbursement capped at $150k legal and $60k other (up to $75k on resolicitation), total max $225k.
Conversion agent fee of $40k plus up to $30k out-of-pocket expenses; $20k already earned and paid.
Offering made under S-1 registration No. 333-277630 effective August 12, 2024.

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