SSB Bank Completes Mutual Holding Company Reorganization
1/25/2018
SSB Bank announced today that it completed its mutual holding company reorganization, and its holding company, SSB Bancorp, Inc., completed its related common stock offering, after the close of business on January 24, 2018. As a result of the reorganization and stock offering, SSB Bank is now the wholly-owned, stock savings bank subsidiary of SSB Bancorp, Inc., and SSB Bancorp, Inc. is the 55% majority-owned subsidiary holding company of SSB Bancorp, MHC, a mutual holding company.
SSB Bancorp, Inc.'s common shares are expected to begin quotation on the OTC Pink Marketplace (OTCPK) under the symbol “SSBP” on or about January 26, 2018.
