Community Savings Bank plans to convert to a stock organization by December 31, 2024.
Official Courthouse Record · AI-summarized for clarity
- Published
- Category
- Other
- City
- Bethel
- Address
- Bethel, Ohio
What You Should Do Next
- 1
Review the Plan of Conversion
Inspect the Plan of Conversion at any Community Savings Bank office.
- 2
Check eligibility
Ensure you are an eligible account holder by December 31, 2024.
- 3
Attend the members' meeting
Vote on the Plan of Conversion at the upcoming members' meeting.
- 4
Watch for proxy statement
Look for the proxy statement from the Bank detailing the conversion process.
Frequently Asked Questions
- What is the Plan of Conversion?
- It is a plan for Community Savings Bank to convert from a mutual to a stock organization.
- When is the eligibility record date?
- The eligibility record date is December 31, 2024.
- How can I participate in the stock offering?
- Eligible account holders will receive nontransferable subscription rights to subscribe for shares.
- What approvals are needed for the conversion?
- The conversion requires approval from the Ohio Division of Financial Institutions and the FDIC.
- Where can I find more information about the Plan?
- A copy of the Plan of Conversion is available for inspection at each office of the Bank.
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Full Notice Text
PUBLIC NOTICE Notice of Adoption of Plan of Conversion On March 5, 2026, the Board of Directors of Community Savings Bank (the Bank), an Ohio-chartered mutual bank headquartered in Bethel, Ohio, adopted a Plan of Conversion for the conversion of the Bank from the mutual form of organization to the stock form of organization. A new Maryland-chartered corporation, CSB Financial Inc. (CSB Financial), will serve as the holding company for the Bank and will offer for sale shares of its common stock to the Banks members, who are its depositors, and to other persons in a subscription offering and, if necessary, to the general public in a community offering. The Plan of Conversion establishes December 31, 2024 as the eligibility record date for determining the Banks eligible account holders entitled to receive first priority nontransferable subscription rights to subscribe for the shares of CSB Financial common stock. The Plan of Conversion is subject to the approval the Ohio Division of Financial Institutions, the nonobjection of the Federal Deposit Insurance Corporation, and to approval by the Banks members by at least two-thirds of the votes eligible to be cast, in person or by proxy, by the Banks members at a meeting of members at which the Plan of Conversion will be presented for a vote. Before the meeting of members the Bank will send to its members a proxy statement setting forth more detailed information regarding the Plan of Conversion. A copy of the Plan of Conversion is available for inspection by the Banks members at each office of the Bank. After the conversion and stock offering, the Banks normal business will continue without interruption and its offices will continue to operate. (Wed., March 11, 2026) 90219153