York-chartered
bank of-
NOTICE OF ADOPTION OF PLAN OF MUTUAL HOLDING COMPANY REORGANIZATION NOTICE IS HEREBY GIV- EN that on May 12, 2026, the Board of Trustees of Ulster Savings Bank, a New mutual savings with its executive fices/headquarters lo- cated at 180 Schwenk Drive, Kingston, New York 12401, approved a Plan of Mutual Holding Company Reorganiza- tion (the "Plan of Reor- ganization"). Pursuant to the Plan of Reorga- nization, Ulster Savings Bank will convert from a mutual bank into a stock bank and reorganize into the mutual holding company form of own- ership by forming a mu- tual holding company ("MHC"), a mutually- owned corporation un- der the laws of the state of New York. A copy of the Plan of Reorganiza- tion is available for in- spection by Ulster Sav- ings Bank depositors at each banking office of Ulster Savings Bank. The reorganization will not affect loans and de- posit accounts at Ulster Savings Bank and all in- sured deposit accounts will remain insured by the Federal Deposit In- surance Corporation up to the applicable legal limit, without interrup- tion. Each office of UI- ster Savings Bank will continue to operate after the completion of the reorganization. The Plan of Reorganization is subject to approval by the New York State Department of Financial Services, non-objection by the Federal Deposit Insurance Corporation and approval by deposi- tors of Ulster Savings Bank. The formation of the MHC as part of the reorganization is subject to approval by the Board of Governors of the Federal Reserve System.
May 13, 2026 #NY0177194