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Mid-Southern Savings Bank, FSB Announces Results Of Meetings Of Stockholders And Members And Preliminary Offering Results

Last updated on Monday, July 2, 2018

(SALEM) - Mid-Southern Savings Bank, FSB (the “Bank”) (OTCPK:MSVB), and Mid-Southern, M.H.C. (the “MHC”) announced that, at separate meetings held on June 28, 2018, both the stockholders of the Bank and the members of MHC (depositors and certain borrowers of the Bank), approved the Plan of Conversion and Reorganization pursuant to which the MHC will convert from the mutual holding company to the stock holding company form of organization.

The closing of the offering and conversion remains subject to customary regulatory approvals and the satisfaction of customary closing conditions. Subject to receipt of those approvals and satisfaction of those conditions, the Bank anticipates closing the transaction in early to mid-July. Final results of the offering and the anticipated closing date will be announced following receipt of all regulatory approvals to complete the transaction.

The shares of the Bank's common stock will continue to trade on the OTC Pink Marketplace under the trading symbol "MSVB" through the closing date of the conversion. Following closing, it is anticipated that the shares of Mid-Southern Bancorp, Inc. common stock will trade on the Nasdaq Capital Market under the same symbol "MSVB."

If you have any questions regarding the offering or the conversion, please call the Stock Information Center at 1 (877) 821-5783. The Stock Information Center is open from 10 a.m. to 4 p.m., Eastern Time. The Stock Information Center is closed on weekends and bank holidays.

About the Bank

Mid-Southern Savings Bank, FSB is a federally chartered savings bank headquartered in Salem, Indiana, approximately 40 miles northwest of Louisville, Kentucky. The Bank conducts business from its main office in Salem and through its branch offices located in Mitchell and Orleans, Indiana and a loan production office located in New Albany, Indiana.

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