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Cullman Bancorp Inc (CULL) delivers community-focused banking services through retail operations, commercial lending, and wealth management solutions. This news hub provides investors and stakeholders with essential updates about the company's financial position and strategic initiatives.
Access timely press releases and regulatory filings covering earnings announcements, leadership changes, and operational developments. Our curated collection helps track CULL's adherence to conservative risk management practices and local market engagement.
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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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