secwatch.observer — SEC 8-K summary
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Issuer:     NSTS Bancorp, Inc. (NSTS)
CIK:        0001881592
Form:       8-K
Filed at:   2026-10-01T12:30:11+00:00
Accession:  0001437749-26-031662
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

NSTS Bancorp completes merger into Brookfield Bancshares; stockholders receive $14.31 per share
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- Merger effective 12:01 a.m. ET Oct 1, 2026; NSTS merged into Brookfield Bancshares and North Shore Trust and Savings became a wholly owned Brookfield subsidiary.
- Each NSTS share converted into $14.31 cash; restricted stock and options vested, with total merger consideration of $73,662,000.
- Stockholders approved the merger at a Sept 29, 2026 special meeting: 3,762,060 for vs 3,905 against, with 71.69% of outstanding shares represented.
- NSTS asked Nasdaq to suspend trading after the Sept 30, 2026 close and file Form 25; Brookfield intends to file a Form 15 to deregister.
- Bank CEO Stephen G. Lear and directors Apolonio Arenas and newly appointed Amy Avakian remain on the Bank's board; NSTS officers and directors ceased.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881592/000143774926031662/0001437749-26-031662-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881592/000143774926031662/nsts20260930_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-031662

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