Mid-Southern Bancorp, Inc. Announces Updated Range of Per Share Consideration in Dissolution Payment and Payment Record Date

Rhea-AI Summary

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.

Positive

• Estimated distribution of $17.45–$17.75 per share
• Record date set for November 10, 2025
• Expected payment on or about November 14, 2025
• Pacific Stock Transfer appointed as transfer and paying agent

Negative

• Per-share amount subject to significant variation from taxes, cash, and dissolution costs
• Common stock expected to be removed from OTC Pink after November 10, 2025
• Company wind-up may take up to two years, delaying final distributions

SALEM, Ind., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Mid-Southern Bancorp, Inc. (the “Company”) (OTC Pink: MSVB), the former parent holding company of the former Mid-Southern Savings Bank, FSB (the “Bank”), announced that, based on the Company’s financial condition at September 30, 2025, the Company estimates that shareholders are currently expected to receive in the dissolution of the Company between $17.45 and $17.75 in cash in exchange for each share of the Company’s common stock owned (the “per share consideration”). The per share consideration will be payable to stockholders of record as of the close of business on November 10, 2025 after which date it is expected that Company’s common stock will be removed from the OTC Pink Marketplace and no trades in the common stock will be processed. The Company cannot guarantee the exact removal date and does not intend to provide notice of removal once effective. The dissolution distribution is expected to be paid on or about November 14, 2025.

As previously disclosed, the per share consideration is subject to significant variation based on various factors including the amount of corporate taxation to be paid by the Company, the amount of cash held by the Company and costs related to the dissolution. Based on these factors, investors should not assume that the ultimate per share consideration distributed to shareholders will be within the range set forth above.  

The Company has appointed Pacific Stock Transfer as its transfer agent and to serve as paying agent for the dissolution distribution. Stockholders who hold shares of Company common stock in book entry form at Pacific Stock Transfer will receive checks for their cash distribution, and their shares will be cancelled. Stockholders who hold shares through a broker or other DTC-registered nominee will receive their cash distribution directly into their account at the broker or other nominee, and their shares will be cancelled.

The Company is in the process of dissolving and winding up its business, which is expected to take up to two years. In accordance with the Plan of Liquidation and Dissolution approved by the Company’s stockholders, the Company intends to donate any residual funds remaining after the wind up is completed, which are expected to be nominal, to one or more charitable organizations.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements are not historical or current facts and they often include words like “believe,” “expect,” “anticipate,” “estimate,” “intend” or similar terminology. Factors that could cause actual results to differ materially from those expected include delays in completing the liquidation and the dissolution and taxes to be paid by the Company. Except as required by law, the Company undertakes no obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statement is made.  

Contact for Mid-Southern Bancorp, Inc.:

Alexander G. Babey
President and Chief Executive Officer
alex.babey@mid-southernbancorp.com    

FAQ

How much cash will MSVB shareholders receive per share in the dissolution?

MSVB estimates a cash distribution of $17.45 to $17.75 per share based on September 30, 2025 financials.

What is the MSVB record date to receive the dissolution payment?

The record date for the MSVB dissolution distribution is close of business on November 10, 2025.

When will MSVB pay the dissolution distribution?

The dissolution distribution is expected to be paid on or about November 14, 2025.

What happens to MSVB shares after the November 10, 2025 record date?

MSVB common stock is expected to be removed from the OTC Pink Marketplace after the record date and trades will no longer be processed.

Who is handling MSVB shareholder payments and cancellations?

Pacific Stock Transfer has been appointed as MSVB’s transfer agent and paying agent for the dissolution distribution.

Can the final per-share distribution for MSVB change from the estimated range?

Yes; the company warns the final per-share amount may vary materially due to corporate taxes, cash on hand, and dissolution costs.

Will MSVB distribute leftover funds after the wind up?

The company intends to donate any nominal residual funds remaining after the wind up to one or more charitable organizations.