Welcome to our dedicated page for Mid-Southern Bancorp news (Ticker: MSVB), a resource for investors and traders seeking the latest updates and insights on Mid-Southern Bancorp stock.
Mid-Southern Bancorp, Inc. (MSVB) has issued a series of public announcements that document its transition from a Nasdaq-listed bank holding company to a non-SEC-reporting entity in dissolution. Historically, the company served as the holding company for Mid-Southern Savings Bank, FSB, a federally chartered savings bank headquartered in Salem, Indiana, and its news flow has focused on financial performance, corporate actions, and strategic transactions.
News releases for MSVB have covered quarterly and annual results, including discussions of net interest income, noninterest income, noninterest expense, credit quality, and capital ratios. The company has also announced regular quarterly cash dividends on its common stock, specifying record dates and payment dates, while noting that future dividends remain at the discretion of the board of directors and depend on multiple financial and regulatory factors.
A significant portion of recent news centers on corporate restructuring. Mid-Southern Bancorp, Inc. disclosed a voluntary decision to delist its common stock from The Nasdaq Stock Market, transition quotation to the OTCQX Market, and file to deregister its common stock with the Securities and Exchange Commission. Subsequent releases describe a definitive purchase and assumption agreement under which Beacon Credit Union agreed to acquire substantially all of the assets and assume substantially all of the liabilities of Mid-Southern Savings Bank, FSB in an all-cash transaction, followed by the planned liquidation of the bank and dissolution of the holding company.
More recent communications describe Mid-Southern Bancorp, Inc. as the former parent holding company of the former Mid-Southern Savings Bank, FSB and state that the company is in the process of dissolving and winding up its business. The company has provided updated estimates of the per share cash consideration expected to be distributed to shareholders in the dissolution, identified a record date for the dissolution payment, and explained how the removal of its common stock from the OTC Pink Marketplace is expected to affect trading.
Investors and researchers using this news page can review historical press releases related to MSVB’s earnings, dividends, capital actions, governance changes, delisting and deregistration decisions, the purchase and assumption transaction with Beacon Credit Union, and the ongoing liquidation and dissolution process. This archive offers context on the company’s strategic decisions and the sequence of events leading to its current status.
Mid-Southern Bancorp (OTC Pink: MSVB) estimates a dissolution cash distribution of $17.45 to $17.75 per share based on its financial condition at September 30, 2025. The distribution is payable to stockholders of record at the close of business on November 10, 2025, and is expected to be paid on or about November 14, 2025. After the record date the company’s common stock is expected to be removed from the OTC Pink Marketplace and trades will no longer be processed. The company appointed Pacific Stock Transfer as transfer and paying agent. The company is winding up operations, a process that may take up to two years, and any nominal residual funds after wind up are intended to be donated to charity. The per share range remains an estimate and may vary due to taxes, cash levels, and dissolution costs.
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SALEM, Ind., April 26, 2023 (GLOBE NEWSWIRE) -- Mid-Southern Bancorp, Inc. (Nasdaq:MSVB) declared a quarterly cash dividend of $0.06 per share on its common stock. The dividend will be payable on May 26, 2023, to shareholders of record as of May 12, 2023. Future dividends will depend on the Company’s financial condition, earnings, and various factors considered by the Board of Directors. Mid-Southern Bancorp serves as the parent company for Mid-Southern Savings Bank, headquartered in Salem, Indiana, with additional offices in Mitchell, Orleans, New Albany, and Louisville.
Mid-Southern Bancorp (NASDAQ: MSVB) reported a 2022 net income of $1.9 million, or $0.69 per diluted share, a 18.8% increase from $1.6 million in 2021. For Q4 2022, net income was $376,000, slightly down from $377,000 in Q4 2021. Total assets grew to $269.2 million, primarily from a $21.8 million increase in net loans. The net interest income after provision for loan losses rose by 7.3% year-over-year. However, noninterest income fell by 5.0% in Q4 2022 due to lower brokered loan fees. The bank maintained a well-capitalized status with a 15.4% Community Bank Leverage Ratio at year-end.
Mid-Southern Bancorp, Inc. (Nasdaq: MSVB) announced a quarterly cash dividend of $0.06 per share, set to be paid on February 24, 2023, to shareholders who are on record as of February 10, 2023. The decision on future dividends will depend on various factors, including the company's financial health and regulatory considerations. The Bank operates from its main office in Salem, Indiana, with additional branches in Mitchell, Orleans, and loan production offices in New Albany and Louisville. The company cautions that forward-looking statements are subject to risks, including economic conditions and regulatory changes, which may impact its financial performance.
Mid-Southern Bancorp, Inc. (Nasdaq:MSVB) has expanded its Board of Directors from seven to eight members, appointing James O. King, III, effective December 14, 2022. Mr. King, who serves as Executive Vice President and Senior Loan Officer, brings extensive community banking experience, previously holding leadership roles at King Southern Bank. His expertise is expected to enhance the company’s mission in the markets it serves. The change aligns with strategic governance improvements aimed at bolstering the bank's operational capabilities.
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