CSB Financial Inc. Listed Primary

What the company does

CSB Financial Inc. is a newly formed Maryland corporation formed to become the holding company for Community Savings Bank in connection with the bank's conversion from mutual to stock form. Community Savings Bank, originally chartered in 1889, is an Ohio-chartered mutual bank headquartered in Bethel, Ohio, operating from its main office in Bethel and one branch in Greenfield, Ohio. The bank primarily accepts retail deposits and invests them, along with brokered deposits and Federal Home Loan Bank advances, in a loan portfolio consisting mainly of residential mortgage loans secured by one- to four-family residential properties, as well as consumer loans, commercial real estate loans, multi-family loans, and commercial and industrial loans. The bank offers online and mobile banking services in addition to its branch offices.

Use of proceeds

CSB Financial intends to invest a portion of the net proceeds in Community Savings Bank to support lending growth and regulatory capital, loan funds to the employee stock ownership plan to fund its purchase of shares, contribute $100,000 in cash to a charitable foundation being established in connection with the conversion, and retain the remainder for general corporate purposes, which may include repurchasing shares of common stock (subject to regulatory requirements), paying cash dividends, investments, or other corporate purposes. Community Savings Bank intends to use the net proceeds it receives to fund new loans, enhance existing products and services, and expand its banking franchise through de novo branching or acquisitions as opportunities may arise.

Underwriters

Extracted from S-1/A 0001104659-26-057923, filed May 8, 2026 and verified against that filing text.

Key risk factors

• Unsecured loans are a substantial portion of the loan portfolio

  “At December 31, 2025, $17.7 million, or 19.0% of our total loans, were unsecured loans.”

• Reliance on third-party loan purchaser (BHG Financial) for consumer loan volume

  “The loss or material curtailment of this relationship with BHG Financial would have a material adverse effect on our consumer loan portfolio because we do not currently have the infrastructure to originate consumer loans at comparable volume levels.”

• Risk that an active trading market for common stock will not develop

  “There is currently no public or private market for our common stock.”

• OTCQB quotation may not develop and offering is not contingent on it

  “The conversion and stock offering is not contingent on quotation on the OTCQB Market.”

• Subscription orders are irrevocable in many circumstances

  “Once submitted, orders are irrevocable unless the subscription offering and/or any community offering are terminated or extended, with regulatory approval, beyond August 10, 2026, or the number of shares of common stock to be sold is increased to more than 1,454,750 shares or decreased to less than 935,000 shares.”

• Interest rate and economic condition risk

  “Specific areas of risk related to our business include those related to: our lending activities; market interest rates; economic conditions; our funding; laws and regulations; competitive matters; operational matters; and accounting matters.”