Narragansett Bancorp, Inc. 8K

Narragansett Bancorp, Inc. executed an agency agreement with Piper Sandler & Co. to manage its mutual holding company reorganization and primary offering of up to approximately 9.1 million shares of common stock, including a charitable foundation contribution, that will make it the holding company for BayCoast Bank and sell up to 49% of its stock to the public.

Narragansett Bancorp, Inc., a newly formed Maryland corporation and proposed bank holding company for BayCoast Bank, entered into an agency agreement dated August 11, 2026 with Piper Sandler & Co. under which Piper Sandler will act as selling agent for the company’s mutual-to-stock reorganization and related public offering of up to 7,912,000 shares of common stock (subject to an increase to 9,098,800 shares), with sale priority established via a subscription offering to depositors and benefit plans, followed by community and potential syndicated or firm-commitment offerings; the transaction is being conducted pursuant to a Plan of Reorganization and Stock Issuance approved by applicable banking regulators, involves contribution of up to 2% of post-reorganization shares or equivalent cash to a charitable foundation, and will result in Narragansett Bancorp owning 100% of BayCoast Bank while offering up to 49% of its own common stock to the public and retaining up to 50% of the net proceeds.

Filing Facts

CIK

2138186

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-353578

Alert Tier

7