PSB Financial, Inc.

424B3 priced

Price $10.00 · 1,719,250 shares · Gross proceeds $17,192,500

PSB Financial, Inc. is conducting a stock offering to convert Pioneer Federal Savings and Loan Association from a mutual to a stock form, establishing Pioneer State Bank. The offering includes a subscription phase for existing members, a community offering, and a potential syndicated community offering. Shares are priced at $10.00, with proceeds intended for the conversion. The company expects trading on the OTCQB after regulatory approvals. KBW serves as the lead underwriter.

EFFECT effective

PSB Financial, Inc. has filed a Form S-1 registration statement for an initial public offering (IPO) of up to 1,719,250 shares of common stock at $10.00 per share, with gross proceeds expected to reach $17.2 million. The offering is part of the conversion of Pioneer Federal Savings and Loan Association to a stock form, resulting in the creation of Pioneer State Bank. The shares will be offered through a subscription process prioritizing existing members, followed by a community offering and potential syndicated community offering. The company is an emerging growth company under the JOBS Act, and the offering is subject to regulatory approvals.

S-1/A amended

Price $10.00 · 1,719,250 shares · Gross proceeds $17,192,500

PSB Financial, Inc. is offering up to 1,719,250 shares of common stock in connection with the mutual-to-stock conversion of Pioneer Federal Savings and Loan Association into Pioneer State Bank. The offering includes a subscription phase for existing members, a community offering, and a syndicated community offering. The stock offering is contingent on regulatory approvals and a minimum subscription of 1,105,000 shares. Proceeds will fund the conversion and support the new bank's operations.

S-1/A amended

Price $10.00 · 1,719,250 shares · Gross proceeds $17,192,500

PSB Financial, Inc. is conducting an IPO to facilitate the mutual-to-stock conversion of Pioneer Federal Savings and Loan Association into Pioneer State Bank. The offering involves up to 1,719,250 shares of common stock at $10.00 per share, with proceeds intended to capitalize the new stock bank. The conversion requires regulatory approvals, and shares are being offered through a subscription, community, and syndicated community offering process. Keefe, Bruyette & Woods, Inc. serves as the selling agent.

S-1 filed

Price $10.00 · 1,587,000 shares · Gross proceeds $15,870,000

PSB Financial, Inc. is conducting an initial public offering (IPO) to convert Pioneer Federal Savings and Loan Association from a mutual to a stock form, creating Pioneer State Bank. The offering involves up to 1,587,000 shares of common stock at $10.00 per share, with proceeds used to capitalize the new bank. The company will be governed by PSB Financial, Inc. as a holding company, and shares will be listed on the OTCQB. The offering includes subscription, community, and syndicated community tiers with specific eligibility and purchase limits.