CFSB BANCORP Stock Price, News & Analysis

CFSB Bancorp, Inc. (NASDAQ: CFSB) was a federal mid-tier holding company for Colonial Federal Savings Bank, a federally chartered stock savings bank. According to multiple company announcements and SEC filings, CFSB Bancorp was majority-owned by 15 Beach, MHC and operated in the savings institutions segment of the finance and insurance sector. Colonial Federal Savings Bank focused on serving the banking needs of customers on the south shore of Massachusetts and has done so since 1889, operating from three full-service offices and one limited-service office in Quincy, Holbrook and Weymouth, Massachusetts.

As described in CFSB Bancorp’s public disclosures, the company’s primary role was to act as the stock holding company for Colonial Federal Savings Bank. The bank’s activities, as reflected in its periodic financial results, centered on traditional community banking, including managing deposits, originating loans and investing in securities. The balance sheet information in CFSB’s earnings releases shows portfolios of one- to four-family residential mortgage loans, multifamily loans, commercial loans, second mortgages and home equity lines of credit, as well as consumer and home improvement loans. On the funding side, the company reported a mix of non-interest-bearing and interest-bearing demand accounts, regular and other deposit accounts, money market accounts and term certificates of deposit.

CFSB Bancorp’s financial updates highlighted how changes in interest rates affected its net interest income and net interest margin. The company regularly discussed the impact of higher interest rates on the cost of deposits, the composition of its deposit base, and the yields on loans, securities and cash and short-term investments. Management commentary in earnings releases emphasized the relationship between interest-earning assets and interest-bearing liabilities, including the effect of certificates of deposit repricing and the use of Federal Home Loan Bank of Boston advances to support liquidity and interest income.

The company’s disclosures also described its approach to asset quality and credit risk. CFSB Bancorp reported details on its allowance for credit losses on loans and securities, as well as on off-balance sheet exposures. In several quarters, the company recorded reversals of provisions for credit losses, citing improved economic conditions, lower loan balances and continued strong asset quality. Asset quality tables in the releases identified substandard one- to four-family loans and noted the absence of loans rated special mention, doubtful or loss, with limited or no charge-offs reported over various periods.

CFSB Bancorp’s capital and funding profile, as described in its financial results, included stockholders’ equity, bank-owned life insurance, Federal Home Loan Bank of Boston stock and a range of deposit products. The company discussed changes in deposits, including shifts toward higher-yielding term certificates of deposit in response to customer demand for higher interest rates. It also explained how Federal Home Loan Bank advances were used to add liquidity, particularly when customer deposits declined or when the bank implemented leverage strategies to increase interest income.

In April 2024, CFSB Bancorp announced the adoption of a stock repurchase program authorizing the repurchase of up to approximately 5% of its outstanding common stock (excluding shares held by 15 Beach, MHC). The company indicated that repurchases could be made in open market or private transactions or under a Rule 10b5-1 trading plan, and that the timing and amount of any repurchases would depend on factors such as stock availability, market conditions, trading price, alternative uses of capital and financial performance.

A significant corporate development occurred on May 20, 2025, when Hometown Financial Group, Inc., the holding company for bankESB, bankHometown and North Shore Bank (including its Abington Bank division), and CFSB Bancorp jointly announced a definitive merger agreement. Under this agreement, Hometown Financial Group would acquire CFSB Bancorp and its subsidiary Colonial Federal Savings Bank. The announcement stated that CFSB shareholders would receive cash consideration per share of CFSB common stock, and that Colonial Federal Savings Bank would merge into North Shore Bank. The combined institution was described as creating a larger bank with an expanded branch network across the North Shore and South Shore regions of Massachusetts and southern New Hampshire.

The transaction advanced through shareholder and regulatory approvals, as documented in subsequent Form 8-K filings. On September 16, 2025, CFSB Bancorp reported that its shareholders had approved the merger proposal at a special meeting. A later Form 8-K dated October 21, 2025, noted that CFSB Bancorp and Hometown Financial Group had received the requisite regulatory approvals from the Board of Governors of the Federal Reserve System and the Massachusetts Division of Banks to complete the merger and the related bank merger involving Colonial Federal Savings Bank and North Shore Bank.

According to the Form 8-K filed on November 3, 2025, the merger was completed effective October 31, 2025. The filing explains that CFSB Bancorp first merged with a wholly owned subsidiary of Hometown Financial Group, with CFSB Bancorp surviving, and then CFSB Bancorp merged into Hometown Financial Group, with Hometown Financial Group as the surviving corporation. Immediately following these corporate steps, Colonial Federal Savings Bank merged with and into North Shore Bank, a co-operative bank and wholly owned subsidiary of Hometown Financial Group, with North Shore Bank as the surviving bank.

The same Form 8-K also describes the impact of the merger on CFSB Bancorp’s stock listing. As a result of the transaction, CFSB Bancorp no longer met the listing requirements of the Nasdaq Stock Market. The company notified Nasdaq that trading in its common stock should be suspended and that the listing should be removed following the market close on October 31, 2025. CFSB Bancorp requested that Nasdaq file a Form 25 with the SEC to remove its common stock from listing and to deregister the shares under Section 12 of the Securities Exchange Act of 1934. The filing further notes that Hometown Financial Group, as successor to CFSB Bancorp, intends to file a Form 15 to suspend CFSB Bancorp’s reporting obligations under Sections 13 and 15(d) of the Exchange Act.

These disclosures mean that the CFSB ticker represents a former publicly traded company that has been acquired and is no longer independently listed on Nasdaq. Investors researching CFSB today are generally examining the historical record of CFSB Bancorp, Inc. and Colonial Federal Savings Bank, including their financial performance, asset quality, capital structure and the terms and process of the merger with Hometown Financial Group and North Shore Bank.

Historical role in community banking

Throughout its public reporting history, CFSB Bancorp emphasized its role as a community-focused institution through Colonial Federal Savings Bank. The bank’s long-standing presence on the south shore of Massachusetts, dating back to 1889, and its network of offices in Quincy, Holbrook and Weymouth were recurring themes in the company’s descriptions of its business. As a federally chartered stock savings bank, Colonial Federal Savings Bank concentrated on serving local customers’ banking needs, as reflected in its loan and deposit mix and its focus on residential and related lending.

Corporate structure and ownership

CFSB Bancorp, Inc. was described in its releases as a federal corporation organized as the mid-tier holding company of Colonial Federal Savings Bank and as the majority-owned subsidiary of 15 Beach, MHC, a federal mutual holding company. This structure was the result of a mutual holding company reorganization and related stock offering completed prior to the period covered by the provided disclosures. The company’s ownership and capital structure, including its relationship with 15 Beach, MHC, are part of the historical context for understanding the subsequent merger with Hometown Financial Group and the associated MHC merger steps outlined in the 2025 Form 8-K filings.

Post-merger context for CFSB symbol

Following the completion of the merger on October 31, 2025 and the requested delisting actions, CFSB Bancorp, Inc. ceased to exist as an independent reporting company. Its banking operations were combined with North Shore Bank under Hometown Financial Group’s multibank mutual holding company structure. As a result, the CFSB symbol is now associated with a defunct listing that provides historical insight into a former savings institution holding company and its community banking subsidiary rather than a currently active standalone stock.