PSB Financial, Inc. 8-K

What Happened

• PSB Financial, Inc., the proposed holding company of Pioneer State Bank, announced on March 30, 2026 that it has commenced a stock offering in connection with the proposed conversion of Pioneer Federal Savings and Loan Association from the mutual form to the stock form of organization. The company issued a press release reporting the offering; that press release is attached to the 8-K as Exhibit 99.1.

Key Details

• Filing date: March 30, 2026 (Form 8-K, Item 8.01).
• Issuer: PSB Financial, Inc., described as the proposed holding company of Pioneer State Bank.
• Event: Commencement of a stock offering tied to a proposed mutual-to-stock conversion of Pioneer Federal Savings and Loan Association.
• Disclosure: The 8-K includes a press release (Exhibit 99.1); the filing does not disclose offering size, price, or other offering terms.

Why It Matters

• The mutual-to-stock conversion and associated stock offering are the steps that will allow ownership to shift from a mutual (member-owned) structure to a stock (shareholder-owned) structure and enable sale of shares to investors. This is a material corporate-change event for depositors, members, and potential investors.
• Investors should watch for subsequent filings and offering documents (prospectus) that will disclose the offering terms, use of proceeds, and potential impacts on capital, governance, and share dilution.