PSB Financial, Inc. 8-K

What Happened
PSB Financial, Inc. filed an 8-K on May 21, 2026, announcing the closing of its previously announced subscription offering conducted in connection with the conversion of Pioneer (Pioneer State Bank, successor to Pioneer Federal Savings and Loan Association) to a stock bank and wholly‑owned subsidiary of PSB Financial pursuant to its plan of conversion. The company said its common stock is expected to be quoted on the OTCQB Market under the symbol "PNSB" commencing May 22, 2026. A press release dated May 21, 2026, was attached to the filing.

Key Details

• Filing date: May 21, 2026 (8-K, Item 8.01 — Other Events).
• Conversion: Pioneer converted to a stock bank and is now a wholly‑owned subsidiary of PSB Financial under the announced plan of conversion.
• Offering: The company closed a subscription offering associated with that conversion.
• Market listing: PSB Financial’s common stock expected to begin trading on OTCQB as "PNSB" on May 22, 2026.

Why It Matters
This filing confirms completion of the bank’s conversion and the related subscription offering, which changes the ownership structure (Pioneer is now a stock bank owned by PSB Financial). The expected OTCQB quotation gives newly issued common shares a public trading venue (symbol PNSB), which can affect liquidity and access for investors who participated in the offering or who seek to buy shares in the open market. The 8-K attaches a press release with these details for investors seeking the company’s official statement.