EWSB Bancorp Inc

EWSB Bancorp, Inc. is a Maryland corporation formed as the stock holding company for East Wisconsin Savings Bank, a Wisconsin-chartered stock savings bank headquartered in Kaukauna, Wisconsin. East Wisconsin Savings Bank was originally organized in 1887 under the name Kaukauna Savings and Loan Association, giving the institution a history of more than 135 years of serving consumers and communities in northeastern Wisconsin. In September 2024, EWSB Bancorp completed an initial public offering of common stock in connection with the conversion of Wisconsin Mutual Bancorp, MHC from a mutual holding company to a stock holding company structure, selling 752,538 shares at $10.00 per share for gross proceeds of approximately $7.5 million.<br><br>As of December 31, 2024, EWSB Bancorp reported consolidated assets of approximately $273.3 million, consolidated deposits of approximately $231.5 million, and consolidated stockholders' equity reflecting the proceeds of its September 2024 IPO. East Wisconsin Savings Bank provides traditional retail banking services including savings and deposit accounts, mortgage lending, consumer lending, and related financial products to individuals and small businesses in the Kaukauna, Wisconsin area and the surrounding Fox Valley region of northeastern Wisconsin. The bank's mutual-to-stock conversion represented a significant governance transformation, broadening its capital base and providing public market access to its shares.<br><br>EWSB Bancorp, Inc. trades on the OTC market under the ticker symbol EWSB and files periodic reports with the Securities and Exchange Commission, including its annual report on Form 10-K, which includes audited financial statements and management's discussion of the bank's financial condition. The company has reported strong asset quality metrics, though it noted falling below certain Wisconsin state minimum capital thresholds in its most recent annual report. As a community bank holding company serving a longstanding customer base in Wisconsin, EWSB Bancorp represents the post-conversion public identity of one of the region's oldest savings institutions.