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 July 16, 2026, Michael L. Hammer removed himself from appointment as a Director of URSB Bancorp, Inc.…
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 July 16, 2026, Michael L. Hammer removed himself
from appointment as a Director of URSB Bancorp, Inc. (the “Company”) and its bank subsidiary, United Roosevelt Savings Bank
(the “Bank”), by notifying the Company that he is ineligible to serve as a Director of the Company and the Bank under the
policies of LPL Financial, Fort Mill, South Carolina, because of the Company’s status as a public company. Mr. Hammer is an Independent
Registered Representative of LPL Financial. Mr. Hammer’s appointment as a Director of the Company and the Bank, with a term that
was to begin on July 29, 2026, was previously reported on a Current Report on Form 8-K filed on June 26, 2026.
