Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 24, 2026, URSB Bancorp, Inc. (the “Company”) appointed Michael L. Hammer to its Board of Directors to serve in the class of Directors with terms expiring in 2026. His term will begin on July 29, 2026.…
Filed Jun 26, 2026Accepted Jun 26, 2026, 4:34 PM EDTCIK 2084261Accession 0001104659-26-078302
URSB Bancorp, Inc. (referred to as “URSB Bancorp” throughout this prospectus) is a newly formed Maryland corporation that will own all of the outstanding shares of common stock of United Roosevelt Savings Bank upon completion of the conversion and stock offering. It has not engaged in any business to date. Its executive offices are located at 11-15 Cooke Avenue, Carteret, New Jersey 07008. The telephone number at this address is (732) 541-5445.
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Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On June 24, 2026, URSB Bancorp, Inc. (the “Company”)
appointed Michael L. Hammer to its Board of Directors to serve in the class of Directors with terms expiring in 2026. His term will begin
on July 29, 2026. United Roosevelt Savings Bank, the Company’s bank subsidiary, also appointed Mr. Hammer to serve on its Board
of Directors, with his term beginning on July 29, 2026. Mr. Hammer was recommended to the Company’s Board of Directors by Lawrence
B. Seidman, an investor in community banks.
Mr. Hammer has been appointed to serve on the Audit
Committee and Nominating/Corporate Governance Committee of the Company’s Board of Directors, effective when his term begins.
Mr. Hammer is the Chief Compliance Officer and
Portfolio Manager of Veteri Place Corporation, Parsippany, New Jersey, a registered investment advisory firm, and an Independent Registered
Representative of LPL Financial, Fort Mill, South Carolina, a multi-line financial services firm. Previously, he was a member of the Board
of Directors of the former HV Bancorp, Inc. and its bank subsidiary, Huntington Valley Bank, and served on the Audit Committee, and was
a member of the Board of Directors of the former Simsbury Bank & Trust Company, Inc., Simsbury, Connecticut.
There are no transaction since the beginning of
the Company’s last fiscal year, or any currently proposed transactions, in which the Company was or is to be a participant and the
amount involved exceeds $120,000, and in which Mr. Hammer had or will have a direct or indirect material interest.
