CSB Financial Raises $13.8 Million in IPO Following Mutual Conversion

CSB Financial Inc., the holding company for Ohio-based Community Savings Bank, has completed its initial public offering, raising approximately $13.8 million in gross proceeds. The offering finalizes the bank's conversion from a mutual savings organization to a stock-based ownership structure.

Offering Details

The company sold 1,375,435 shares of common stock at a price of $10.00 per share in a subscription offering. The sale generated total gross proceeds of approximately $13.8 million before expenses.

Key components of the share issuance include:

• 1,375,435 shares sold in the subscription offering.
• 112,235 of those shares were sold to the bank’s Employee Stock Ownership Plan (ESOP).
• An additional 27,500 shares were issued to the non-profit Community Savings Bank Foundation, Inc.

Following these transactions, CSB Financial has a total of 1,402,935 shares issued and outstanding.

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Market Debut and Context

CSB Financial's common stock is expected to begin trading on the OTCQB Market on July 30, 2026, under the ticker symbol "CSBA". The OTCQB is a mid-tier equity market for U.S. and international companies that are current in their reporting.

The IPO marks a significant strategic shift for Community Savings Bank. By converting from a mutual form, where the institution is technically owned by its depositors, to a stock form, the bank gains access to public capital markets. This capital is often used to fund growth, support strategic acquisitions, or invest in new technology and services.

According to the company's announcement, Direct Registration System statements will be mailed to subscribers on or about July 30, 2026. Performance Trust Capital Partners, LLC acted as the marketing agent for the offering, while Luse Gorman, PC served as legal counsel to the company.