First Seacoast Bancorp Announces Stockholder and Member Approvals for Pending Conversion Transaction
29 Dezember 2022 - 10:15PM
Business Wire
First Seacoast Bancorp (Nasdaq: FSEA), the holding company for
First Seacoast Bank, announced today that the stockholders of First
Seacoast Bancorp and the members of First Seacoast Bancorp, MHC
both approved the pending conversion of First Seacoast Bancorp, MHC
from mutual to stock form. The approvals were received at a Special
Meeting of Stockholders and a Special Meeting of Members, both held
earlier today.
Completion of the conversion and the related stock offering by
First Seacoast Bancorp, Inc., the proposed successor to First
Seacoast Bancorp, remains subject to final regulatory approval and
the sale of at least 2,805,000 shares of common stock at the
minimum of the offering range. First Seacoast Bancorp intends to
close the stock offering at the minimum of the offering range.
About First Seacoast Bank
First Seacoast Bank is a federally-chartered stock savings bank
serving the financial needs of residents of the Seacoast region of
New Hampshire. First Seacoast Bank operates four full-service
offices in Strafford County, New Hampshire, and one full-service
office in Rockingham County, New Hampshire.
Forward-Looking Statements
This press release contains certain forward-looking statements
about the conversion and stock offering. Forward-looking statements
include statements regarding anticipated future events and can be
identified by the fact that they do not relate strictly to
historical or current facts. They often include words such as
"believe," "expect," "anticipate," "estimate," and "intend" or
future or conditional verbs such as "will," "would," "should,"
"could," or "may". Forward-looking statements, by their nature, are
subject to risks and uncertainties. Certain factors that could
cause actual results to differ materially from expected results
include that the proposed transaction may not be timely completed,
if at all, that required regulatory approval is not timely
received, if at all, or that other customary closing conditions are
not satisfied in a timely manner, if at all.
Important Additional Information and Where to Find It
First Seacoast Bancorp, Inc. has filed with the Securities and
Exchange Commission (the “SEC”) a Registration Statement on Form
S-1 that includes a prospectus of First Seacoast Bancorp, Inc., as
well as other relevant documents concerning the proposed
transaction. STOCKHOLDERS OF FIRST SEACOAST BANCORP ARE URGED TO
READ THE REGISTRATION STATEMENT AND THE PROSPECTUS CAREFULLY AND
ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY
AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION. When filed, these documents and
other documents relating to the proposed transaction can be
obtained free of charge from the SEC’s website at www.sec.gov.
Alternatively, these documents, when available, can be obtained
free-of-charge from First Seacoast Bancorp upon written request to
First Seacoast Bancorp, 633 Central Avenue, Dover, New Hampshire
03820, Attention: James R. Brannen, or by calling (603)
742-4680.
This press release is neither an offer to sell nor a
solicitation of an offer to buy the common stock of First Seacoast
Bancorp, Inc. The offer is made only by the prospectus, as
supplemented by the prospectus supplement, and when accompanied by
a stock order form. The shares of common stock being offered for
sale by First Seacoast Bancorp, Inc. are not savings accounts or
deposit accounts and are not insured by the Federal Deposit
Insurance Corporation or by any other governmental agency.
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version on businesswire.com: https://www.businesswire.com/news/home/20221229005017/en/
James R. Brannen President and Chief Executive Officer First
Seacoast Bancorp (603) 742-4680
First Seacoast Bancorp (NASDAQ:FSEA)
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