CFSB merger cleared by Fed and Massachusetts regulators; closing slated

Rhea-AI Filing Summary

CFSB Bancorp, Inc. announced receipt of all requisite regulatory approvals for its merger with Hometown Financial Group, including clearances from the Federal Reserve and the Massachusetts Division of Banks. The companies anticipate closing the merger on October 31, 2025, subject to customary closing conditions.

The filing also confirms that CFSB Bancorp’s shareholders approved the merger at a special meeting held on September 16, 2025. As part of the transaction, Colonial Federal Savings Bank, a CFSB subsidiary, will merge into North Shore Bank, a Hometown Financial subsidiary, with North Shore Bank as the surviving bank.

Insights

Bank M&A Analyst

Key approvals secured; closing targeted for Oct 31, 2025.

CFSB Bancorp and Hometown Financial Group have obtained regulatory approvals from the Federal Reserve and the Massachusetts Division of Banks, clearing a major hurdle toward completion. Shareholders approved the merger on Sept 16, 2025, aligning governance support with regulatory clearance.

The plan includes merging Colonial Federal Savings Bank into North Shore Bank, with North Shore Bank remaining as the surviving bank. This structure typically streamlines integration under the acquirer’s banking platform and charter.

The companies anticipate closing on Oct 31, 2025, subject to customary closing conditions. Actual closing depends on satisfying those conditions; if met, operational consolidation would follow under North Shore Bank.

CFSB Bancorp, Inc. /MA/ 0001879103 false 0001879103 2025-10-21 2025-10-21

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 21, 2025

CFSB BANCORP, INC.

(Exact Name of Registrant as Specified in its Charter)

United States of America		001-41220		87-4396534
(State or Other Jurisdiction of Incorporation)		(Commission File No.)		(I.R.S. Employer Identification No.)

15 Beach Street, Quincy, Massachusetts				02170
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s telephone number, including area code: (617) 471-0705

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common, Par Value $0.01 Per Share		CFSB		Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On October 21, 2025, CFSB Bancorp, Inc. (“CFSB Bancorp” or the “Company”) and Hometown Financial Group, Inc. (“Hometown Financial Group”) announced that they have received the requisite regulatory approvals from the Board of Governors of the Federal Reserve System and the Massachusetts Division of Banks necessary to complete their previously announced merger (the “Merger”), as well as the merger of Colonial Federal Savings Bank, a wholly owned subsidiary of CFSB Bancorp, with and into North Shore Bank, a wholly owned subsidiary of Hometown Financial, with North Shore Bank as the surviving bank. CFSB Bancorp and Hometown Financial anticipate closing the Merger on October 31, 2025, subject to the satisfaction of customary closing conditions.

CFSB Bancorp’s shareholders approved the Merger at a special meeting of shareholders held on September 16, 2025.

Forward Looking Statements

This report contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements about the Company and their industry involve substantial risks and uncertainties. Statements other than statements of current or historical fact, including statements regarding the Company’s future financial condition, results of operations, business plans, liquidity, cash flows, projected costs, and the impact of any laws or regulations applicable to the Company, are forward-looking statements. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “could,” “should” and other similar expressions are intended to identify these forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results.

Actual results could differ materially from such forward-looking statements. Certain factors that could cause actual results to differ materially from expected results include: failure to satisfy any of the closing conditions of the transaction on a timely basis or at all or other delays in completing the Merger; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; the impacts of the federal government shutdown; and/or the occurrence of any event, change, or other circumstances that could give rise to the right of one or both of the parties to terminate the merger agreement. Further information about these and other relevant risks and uncertainties may be found in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025 and in subsequent filings with the Securities and Exchange Commission.

Forward-looking statements speak only as of the date they are made. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. You are cautioned not to place undue reliance on these forward-looking statements.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

						CFSB BANCORP, INC.
DATE: October 21, 2025				By:		/s/ Michael E. McFarland
						Michael E. McFarland President and Chief Executive Officer

FAQ

What did CFSB (CFSB) announce regarding its merger approvals?

CFSB Bancorp and Hometown Financial Group received requisite approvals from the Federal Reserve and the Massachusetts Division of Banks.

When is the anticipated closing date for CFSB’s merger?

The companies anticipate closing the merger on October 31, 2025, subject to customary closing conditions.

Did CFSB shareholders approve the merger and when?

Yes. Shareholders approved the merger at a special meeting on September 16, 2025.

What happens to CFSB’s banking subsidiary in the merger?

Colonial Federal Savings Bank will merge into North Shore Bank, which will be the surviving bank.

Which regulators approved the CFSB merger?

The Board of Governors of the Federal Reserve System and the Massachusetts Division of Banks.

Is the closing of the CFSB merger subject to any conditions?

Yes. Closing remains subject to the satisfaction of customary closing conditions.