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Cullman Bancorp Inc. (symbol: CULL) is a reputable financial institution offering a wide range of banking services through its subsidiary. The company primarily focuses on providing one- to four-family residential real estate loans, commercial real estate loans, commercial and industrial loans, and construction loans. Additionally, Cullman Bancorp extends multi-family real estate loans and consumer loans to cater to various financial needs.
In terms of deposit accounts, Cullman Bancorp offers a variety of options including checking accounts, savings accounts, individual retirement accounts (IRAs), and certificate of deposit accounts (CDs). These services ensure that customers have access to secure and convenient banking solutions.
Cullman Bancorp Inc. operates geographically throughout the United States, making it a significant player in the national banking sector. The company is committed to providing reliable and accessible financial services to its customers, supported by a strong foundation in traditional banking practices.
With a focus on growth and stability, Cullman Bancorp has achieved several milestones in its journey. The company continues to innovate and expand its services to meet the evolving needs of its clientele. Recent achievements and ongoing projects highlight Cullman Bancorp's dedication to enhancing its financial offerings and delivering value to its stakeholders.
Cullman Bancorp (Nasdaq: CULL) announced its voluntary delisting from the NASDAQ Capital Market and deregistration with the SEC. The company plans to file Form 25 to remove its stock from NASDAQ by July 18, 2024, and Form 15 to terminate its registration by July 29, 2024. This move will suspend the requirement to file periodic reports with the SEC, including 10-K, 10-Q, and 8-K forms, within 90 days of Form 15 filing. Cullman Bancorp aims to list its shares on the OTCQX Market post-NASDAQ delisting. The decision, driven by cost-saving measures, is feasible as the company has fewer than 1,200 shareholders. They will continue to have their financial statements audited and report quarterly results to federal regulators, which will remain publicly accessible.
Cullman Bancorp, Inc. (NASDAQ: CULL) has announced a cash dividend of
Cullman Bancorp, Inc. (NASDAQ:CULL) announced a stock repurchase program allowing the purchase of up to 550,000 shares, about 7.5% of outstanding shares. The repurchases will commence after the trading blackout period and will be executed in open market or private transactions, depending on favorable market conditions. Management will assess the timing and number of shares repurchased based on various factors including stock price and liquidity. This initiative aims to enhance shareholder value and reflects confidence in the company's financial health.
Cullman Bancorp, Inc. (CULL) has declared an annual cash dividend of $0.12 per share, scheduled for payment on February 16, 2022, to stockholders recorded by February 1, 2022. This marks the first dividend since the company's mutual-to-stock conversion in July 2021. CEO John A. Riley III stated that this dividend reflects the company's commitment to enhancing stockholder value post-conversion.
Cullman Bancorp announced the completion of its conversion from a mutual holding company to a stock holding company, with the related stock offering also finalized. With this conversion, the company now serves as the holding entity for Cullman Savings Bank. Approximately 7,406,000 shares of common stock are outstanding, and trading is set to commence under the symbol 'CULL' on the Nasdaq Capital Market from July 15, 2021. The move affects the previous mid-tier holding company, which has ceased to exist.
Cullman Bancorp, Inc. (OTC Pink: CULL) has received regulatory approvals for the conversion of Cullman Savings, MHC from a mutual holding company to a stock holding company. The Conversion and subscription offering are set to close on July 14, 2021. Post-conversion, the new holding company, New Cullman, will trade on the Nasdaq under the symbol 'CULL' starting July 15, 2021. Approximately 4,284,375 shares at $10 each will be sold, with existing shareholders receiving 2.8409 shares of New Cullman for each share they hold. The subscription offering was oversubscribed.
Cullman Bancorp, Inc. (OTC Pink: CULL) announced the approval of its Plan of Conversion and Reorganization by stockholders and depositors on July 2, 2021. This plan transitions the Company from a mutual holding company to a fully public stock holding company. A related contribution of cash and shares to a new charitable foundation was also approved. The closing of the stock offering remains contingent on final regulatory approvals. It's important to note that the shares are not insured by the FDIC and may lose value.
Cullman Bancorp, Inc. (OTC Pink: CULL) has announced the completion of its subscription offering associated with its plan to convert from a mutual holding company to a fully public stock holding company. The company received sufficient orders, indicating no need for additional community or syndicated offerings. The process is underway, pending customary regulatory approvals and member/stakeholder endorsements, with special meetings scheduled for July 2, 2021. The press release includes a caution regarding the stock's risks, including potential value loss and lack of governmental insurance.
Cullman Bancorp, Inc. (OTC Pink: CULL) has announced the commencement of a stock offering for its proposed successor holding company, New Cullman, as part of the conversion of Cullman Savings Bank from a mutual holding company to a fully stock holding company. The offering includes up to 4,311,181 shares priced at $10.00 each, primarily targeting depositors and employees. A minimum of 2,770,891 shares must be sold. The offering is subject to regulatory approvals and shareholder consent. The company emphasizes that shares may lose value and are not government-insured.
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