PSB Financial, Inc. 8-K

What Happened
PSB Financial, Inc., the proposed holding company of Pioneer State Bank, announced in an 8-K (Item 8.01) and attached press release that the conversion of Pioneer Federal Savings and Loan Association from a mutual to a stock organization and the related initial public offering (IPO) are expected to close on May 21, 2026. The company also said its common stock is expected to begin trading on the OTCQB Market (symbol to be determined) starting May 22, 2026.

Key Details

• Expected close date of conversion and IPO: May 21, 2026.
• Expected OTCQB trading commencement: May 22, 2026 (symbol TBD).
• Press release announcing the timing is attached to the 8-K as Exhibit 99.1.
• Filing includes standard forward‑looking statement warnings that the conversion and offering may not be completed if regulatory approvals or customary closing conditions are not satisfied.

Why It Matters
This filing gives investors a clear timetable for the transaction that will convert Pioneer from a mutual to a publicly held stock company and list its holding company on OTCQB. If completed, the change enables outside shareholders to buy common stock and can affect the bank’s capital structure and ownership. The filing also highlights that completion depends on regulatory approvals and other closing conditions, so the transaction is not guaranteed until those conditions are satisfied.