FB Bancorp, Inc. /MD/ 8-K

What Happened FB Bancorp, through its subsidiary Fidelity Bank (New Orleans), entered into an Asset Purchase Agreement with First Federal Bank (Lake City, FL) on December 31, 2025. The agreement covers the sale of certain assets of Fidelity Bank’s NOLA division, with the closing anticipated in the first quarter of 2026. A joint press release announcing the agreement was issued on January 5, 2026.

Key Details

• Agreement date: December 31, 2025; Press release: January 5, 2026.
• Closing timing: Anticipated in Q1 2026; transaction subject to customary closing conditions and may not close as expected.
• Purchase consideration: Comprised of (a) net book value (GAAP) of owned tangible personal property as of the month-end before closing; (b) any security deposits on real property leases; (c) prepaid expenses as of closing; and (d) $1,000 for NOLA’s intellectual property.
• Other terms: Agreement includes customary representations and warranties and non‑competition, non‑interference and non‑solicitation restrictions between the parties.

Why It Matters This is an asset sale — not a stock sale — that reduces Fidelity Bank’s NOLA division operations and transfers certain assets to First Federal. For investors, the filing signals a strategic change in the Company’s footprint and could affect future revenues, expenses, and asset composition once the transaction closes. The filing stresses the transaction is subject to closing conditions; investors should watch subsequent disclosures for definitive financial impacts, accounting treatment, and any updates if the deal terms or timing change.