Welcome to our dedicated page for 1895 Bancorp Of Wis news (Ticker: BCOW), a resource for investors and traders seeking the latest updates and insights on 1895 Bancorp Of Wis stock.
1895 Bancorp of Wisconsin Inc (BCOW), the mutual holding company for PyraMax Bank, provides trusted community financial services through deposit solutions and residential/commercial lending. This news hub offers investors and stakeholders centralized access to official updates reflecting the company’s Wisconsin-focused banking operations.
Track critical developments including quarterly earnings announcements, regulatory compliance updates, and leadership changes. Discover how BCOW’s loan portfolio evolves through strategic residential mortgage lending and commercial real estate financing initiatives that support local economic growth.
Key updates include new branch openings, community reinvestment programs, and innovations in consumer banking services. All content is sourced from verified corporate communications to ensure accuracy for financial decision-making.
Bookmark this page for streamlined access to BCOW’s latest operational milestones and regulatory disclosures. Check regularly for updates demonstrating the company’s commitment to traditional banking values within modern financial markets.
1895 Bancorp of Wisconsin (BCOW), PyraMax Bank's holding company, announced two significant developments: the engagement of Keefe, Bruyette & Woods (KBW) as financial advisor to explore strategic alternatives, and plans to voluntarily delist from Nasdaq and deregister with the SEC.
The strategic review with KBW could include consideration of a business combination or sale of control, though no timeline has been established. The company will delist from Nasdaq on March 7, 2025, with its last trading day on the same date. Trading is expected to continue on the OTCQX Market from March 10, 2025, maintaining the 'BCOW' symbol.
Following SEC deregistration on March 17, 2025, BCOW will no longer file periodic reports (10-K, 10-Q, 8-K) but will continue providing annual audited financial statements and quarterly information on its website. The bank will maintain FDIC quarterly Call Report filings.
1895 Bancorp of Wisconsin (NASDAQ: BCOW) reported unaudited financial results for Q3 and the first nine months of 2022. For Q3, net income rose to $124,000, up from a net loss of $115,000 in Q3 2021, mainly due to a $915,000 increase in net interest income, reaching $3.9 million. However, non-interest income fell 23.7% to $479,000, primarily due to a decline in loan sales. For the nine months ended September 30, 2022, the company posted a net loss of $172,000, attributed to a $2.4 million drop in non-interest income, while net interest income increased by 15.6% to $10.8 million.
1895 Bancorp of Wisconsin (NASDAQ: BCOW) recently appointed Eric T. Hurd as Senior Vice President – Chief Lending Officer. Hurd brings over 22 years of banking experience, including 12 years at the Bank. His role is expected to strengthen the Bank's commercial banking operations.
Additionally, Thomas K. Peterson will transition to Senior Vice President – Commercial Lending Officer in preparation for his retirement, retaining a part-time position. This leadership shift aims to bolster the Bank's strategic growth.
1895 Bancorp of Wisconsin (NASDAQ: BCOW) announced key executive appointments effective October 1, 2022. David R. Ball has been promoted to President and CEO, bringing over 30 years of banking experience. Richard B. Hurd remains as SVP Strategic Planning Officer; Monica Baker is now Executive VP – COO; and Steven Klitzing has been promoted to Executive VP – CFO. Thomas K. Peterson will transition to SVP – Commercial Lending Officer on November 1, 2022. These changes aim to strengthen the management team of PyraMax Bank, enhancing operational capabilities and strategic planning.
1895 Bancorp of Wisconsin reported a net loss of $241,000 for Q2 2022, a significant increase from a loss of $51,000 in Q2 2021. This was primarily due to a $1 million decrease in non-interest income, although net interest income rose 5.7% to $3.3 million. For the six months ending June 30, 2022, the net loss totaled $296,000, contrasting with a net income of $470,000 in the same period last year. Total assets also decreased by $4 million to $535.6 million, while total stockholders' equity fell $9.9 million to $81 million.
FAQ
What is the current stock price of 1895 Bancorp Of Wis (BCOW)?
What is the market cap of 1895 Bancorp Of Wis (BCOW)?
