Every 8-K that NSTS Bancorp, Inc. (NSTS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow NSTS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NSTS filings page.
NSTS Bancorp, Inc. reported that, as part of its pending merger with Brookfield Bancshares, Inc., its bank subsidiary completed the divestiture of its mortgage lending division, Oak Leaf Community Mortgage, effective June 1, 2026. The bank transferred key Oak Leaf assets, including certain real estate leases, third-party vendor contracts, trademark rights and information technology assets, to an unaffiliated national mortgage lender, which hired a substantial majority of Oak Leaf’s employees.
As of June 1, 2026, 12 employees are no longer with the company, with four additional employees expected to leave by August 3, 2026. The company states that it does not expect to record any material gain or loss or incur material expenses from this divestiture.
NSTS Bancorp, Inc. reported results of its Annual Meeting of stockholders held on May 27, 2026. A total of 4,001,612 shares of common stock were present or represented by proxy, representing 76.05% of shares outstanding and entitled to vote.
Stockholders elected three directors — Apolonio Arenas, Thomas J. Kneesel, and Rodney J. True — each to serve three-year terms expiring at the 2029 Annual Meeting, or until their successors are elected and qualified. Each nominee received more votes "for" than "withheld," with over 2.49 million votes cast in favor for each candidate.
Stockholders also ratified the appointment of Plante & Moran, PLLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with 3,708,805 votes for, 207,145 against, and 85,662 abstentions, and no broker non-votes recorded on this proposal.
NSTS Bancorp, Inc. entered into a definitive merger agreement to be acquired by Brookfield Bancshares, Inc. in an all-cash transaction valued at approximately $73.7 million, or about $14.28 per share of NSTS common stock.
The deal uses a two-step merger structure after which North Shore Trust and Savings will become a wholly owned subsidiary of Brookfield and continue operating under its existing name and charter. All NSTS restricted stock will vest, and options will be cashed out based on the $14.28 per share price.
The transaction has been unanimously approved by both boards but still requires NSTS stockholder approval and regulatory clearances, with closing anticipated in the fourth quarter of 2026. After completion, NSTS shares will no longer trade on the Nasdaq Capital Market, and Stephen G. Lear will remain on the bank’s board.
NSTS Bancorp, Inc., holding company for North Shore Trust and Savings, announced the passing of Nathan E. Walker, Executive Vice President of the Company and Chief Executive Officer and President of the Bank. Walker began his career as a teller in 1996 and had led the Bank since 2022.
Effective April 9, 2026, Stephen G. Lear, already Chairman, President and Chief Executive Officer of the Company, was appointed Chief Executive Officer and President of the Bank, with no changes to his compensation. Lear previously served as the Bank’s Chief Executive Officer from 1997 to 2022.
As of December 31, 2025, North Shore Trust and Savings had $266.6 million in total assets and operates from its headquarters in Waukegan, Illinois, plus two additional full-service branches in Waukegan and Lindenhurst, Illinois.