---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-019566"
form_type: "8-K"
ticker: "NSTS"
cik: "0001881592"
company_name: "NSTS Bancorp, Inc."
filed_at: "2026-06-04T20:15:47+00:00"
generated_at: "2026-06-04T20:51:14.624751+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NSTS Bancorp divests mortgage lending division OLCM as condition of pending merger with Brookfield Bancshares

## Summary
- As of June 1, 2026, 12 OLCM employees left; 4 more expected to leave by August 3, 2026.
- Assets including leases, contracts, trademark, and IT assets transferred to an unaffiliated national mortgage lender.
- Substantial majority of former OLCM employees hired by the acquiring mortgage lender.
- Company expects no material gain/loss or material expenses from the OLCM divestiture.
- Divestiture was a condition of the previously announced merger with Brookfield Bancshares (May 12, 2026).

## SEC filing metadata
- accession: 0001437749-26-019566
- form_type: 8-K
- ticker: NSTS
- cik: 0001881592
- company_name: NSTS Bancorp, Inc.
- filed_at: 2026-06-04T20:15:47+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1881592/000143774926019566/0001437749-26-019566-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1881592/000143774926019566/nsts20260601_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-019566
- JSON: https://secwatch.observer/filing/0001437749-26-019566.json
- Plain text: https://secwatch.observer/filing/0001437749-26-019566.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.