trending Market Intelligence /marketintelligence/en/news-insights/trending/0LkGQM573sWNMUBvfqQ5zQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

FSB Bancorp discloses details of conversion-related common offering

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


FSB Bancorp discloses details of conversion-related common offering

Fairport, N.Y.-based FSBBancorp, Inc., the proposed new holding company for , expects tosell 1,034,649 common shares at $10 per share, for gross offering proceeds of $10.3million, in connection with the previously announced second-stage conversion.

The Form 8-K added that the offering was oversubscribed in thecommunity offering.

Concurrent with the completion of the offering, common shares of FSB Community Bankshares Inc. (MHC), the current holdingcompany of Fairport Savings, owned by the public will be exchanged for FSB Bancorp'scommon shares, so that existing public shareholders can maintain their ownershippercentage. As a result, the public shareholders will receive 1.0884 shares of FSBBancorp's common stock in exchange for each common share of FSB Community, resultingin an aggregate of 907,070 common shares of FSB Bancorp.

Furthermore, the company will pay cash at a rate of $10 per sharein lieu of fractional shares. After the deal closes, FSB Bancorp will have approximately1,941,719 shares outstanding, subject to adjustment for fractional shares.

FSB Bancorp filed an application to list its common shares onthe Nasdaq Capital Market, given the success of the offering. FSB Bancorp plansto announce the closing date of the offeringand the trading of its common shares on the Nasdaq Capital Market, after it receivesthe approval. FSB Bancorp expects to trade under the symbol FSBC.