Narragansett Bancorp, Inc. Filed Primary

What the company does

Narragansett Bancorp, Inc. is the proposed holding company for BayCoast Bank. BayCoast Bank is a financial institution headquartered in Swansea, Massachusetts, that is undergoing a reorganization from a single-tier mutual holding company structure into a two-tier public mutual holding company structure, in connection with which Narragansett Bancorp is offering shares of its common stock for sale. BayCoast Bank offers a range of lending products including commercial real estate, multi-family residential, home equity, commercial business, and construction loans.

Underwriters

The completed effective-prospectus read stated no underwriters.

Extracted from S-1/A 0001193125-26-313847, filed Jul 23, 2026 and verified against that filing text.

Key risk factors

• Oversubscription risk in 401(k) plan stock purchase

  “If you elect to purchase Narragansett Bancorp common stock using your 401(k) Plan account balance and the stock offering is oversubscribed, you will bear the risk of price changes in the investment funds of the 401(k) Plan.”

• Commercial real estate concentration risk

  “bank regulators could require us to implement additional policies and procedures consistent with their interpretation of the guidance that may result in additional costs to us or that may result in the curtailment of our commercial real estate and multi-family lending that would adversely affect our loan originations and profitability.”

• Foreclosure process delays

  “The judicial foreclosure process is protracted, which delays our ability to resolve non-performing loans through the sale of the underlying collateral.”

• Loan sale repurchase risk

  “If repurchase and indemnity demands increase and such demands are valid claims and are in excess of our provision for potential losses, our results of operations and financial condition may be adversely affected.”

• Environmental liability risk

  “The remediation costs and any other financial liabilities associated with an environmental hazard could have a material adverse effect on us.”

• Interest rate risk

  “Future changes in interest rates could negatively affect our operating results and asset values.”