8-K
Texas Community Bancshares, Inc. (TCBS)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 24, 2023
Texas Community Bancshares, Inc.
(Exact Name of Registrant as Specified in its Charter)
| Maryland | 001-40610 | 86-2760335 | |
|---|---|---|---|
| (State or Other Jurisdiction of Incorporation) | (Commission File No.) | (I.R.S. Employer Identification No.) | |
| 215 West Broad Street, Mineola, Texas | 75773 | ||
| (Address of Principal Executive Offices) | (Zip Code) |
(903) 569-2602
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Common stock, par value $0.01 per share | TCBS | The Nasdaq Stock Market LLC |
|---|---|---|
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒
Item 8.01 Other Events.
On May 24, 2023, the Board of Directors of Texas Community Bancshares, Inc. (the “Company”) declared a quarterly cash dividend of $0.03 per share on the Company’s outstanding common stock, payable on or about June 26, 2023 to stockholders of record as of the close of business on June 9, 2023.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits |
|---|---|
| 99.1 | Press Release dated May 25, 2023 |
| --- | --- |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| --- | --- |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TEXAS COMMUNITY BANCSHARES, INC. | ||
|---|---|---|
| Date: May 25, 2023 | By: | /s/ James H. Herlocker, III |
| James H. Herlocker, III | ||
| Chairman, President and Chief Executive Officer |
EXHIBIT 99.1
Texas Community Bancshares, Inc. Declares Dividend Increase
MINEOLA, Texas; May 25, 2023 - Texas Community Bancshares, Inc. (the “Company”) (NASDAQ: “TCBS”), the holding company of Mineola Community Bank, S.S.B., announced today that its Board of Directors has declared a quarterly dividend of $0.03 per share of common stock. This represents a fifty percent increase compared to the prior quarterly dividend of $0.02 per share. The dividend will be payable on or about June 26, 2023 to stockholders of record as of the close of business on June 9, 2023.
About Texas Community Bancshares, Inc. and Mineola Community Bank, S.S.B.
Texas Community Bancshares is the holding company for Mineola Community Bank, S.S.B., a Texas-chartered savings bank that operates six locations in northeast Texas. Established in 1934, Mineola Community Bank opened as a Savings and Loan Association with $4,057 in assets and has since grown into a $417 million dollar community bank. The Bank leverages more than eighty-eight years of proven strength in creating financial opportunities for the communities it serves by offering full-service personal and business banking to consumers along with residential and commercial real estate lending. For more information on the Bank, or to view investor relations for the Company, visit www.mineolacb.com.