CSB Financial Inc. and its subsidiary Community Savings Bank have entered into an agency agreement with Performance Trust Capital Partners. The agreement facilitates the company's stock offering as part of the bank's conversion from mutual to stock form.
Performance Trust will assist on a best efforts basis. Success fees include the greater of $300,000 or a percentage: 1% for subscription offering, 2% for community offering, and 5% for institutional accredited investors.
A $30,000 management fee will be credited against the success fee. If a syndicated community offering occurs, a 5% fee applies.
CSB Financial will reimburse legal fees up to $100,000 and other expenses up to $10,000. Performance Trust also receives $30,000 as records agent, plus expense reimbursement.
The stock is offered under Registration Statement Form S-1 (No. 333-294289).
