Correspondence 0001104659-24-075412 from EWSB Bancorp, Inc. /MD/ (CIK 0002013792) (EWSB)
EWSB Bancorp, Inc. /MD/ (CIK 0002013792)
Date: June 27, 2024 · CIK: 0002013792 · Accession: 0001104659-24-075412
AI Filing Summary & Sentiment
File numbers found in text: 333-277828
Letter
Via EDGAR Securities and Exchange Commission Division of Corporation Finance Office of Finance Re: EWSB Bancorp, Inc. Pre-Effective Amendment No. 4 to the Registration Statement on Form S-1 Filed June 24, 2024 File No. 333-277828
Dear Ms. Mateo:
Pursuant to our phone conversation on June 26, 2024, with the staff of the Division of Corporation Finance of the Securities and Exchange Commission regarding EWSB Bancorp, Inc.’s (the “Company”) Pre-Effective Amendment No. 4 to the Registration Statement on Form S-1 (the “Registration Statement”), attached please find a revised version of pages 4 and 20 of the Registration Statement (the “Changed Pages”). The Changed Pages are marked to reflect changes the Company has made to its disclosure to further clarify that, based on the pro forma regulatory capital ratios in the Registration Statement, if the Company fails to raise gross proceeds of approximately $8.1 million in the offering, East Wisconsin Savings Bank’s (the “Bank”) net worth ratio, as defined under Wisconsin law, would continue to be less than the required 6%. As a consequence, the Wisconsin Department of Financial Institutions (the “Department”) could direct the Bank to adhere to a specific written plan established by the Department to correct the deficiency, as well as impose a number of other restrictions on the Bank's operations, including a prohibition on the payment of dividends.
If you have questions regarding the foregoing or require any additional information, please feel free to contact me at zdavis@luselaw.com or (202) 274-2021.
Very truly yours,
Zachary Davis
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LUSE GORMAN, PC
ATTORNEYS AT LAW
5335 WISCONSIN AVENUE, N.W., SUITE 780
WASHINGTON, D.C. 20015
TELEPHONE (202) 274-2000
FACSIMILE (202) 362-2902
www.luselaw.com
WRITER’S DIRECT DIAL NUMBER
WRITER’S EMAIL
(202) 274-2021
zdavis@luselaw.com
June 27, 2024
Via
EDGAR
Madeleine Joy Mateo
Securities and Exchange Commission
Division of Corporation Finance
Office of Finance
Washington, D.C. 20549-3561
Re:
EWSB Bancorp, Inc.
Pre-Effective Amendment No. 4 to the Registration Statement on Form S-1
Filed June 24, 2024
File No. 333-277828
Dear Ms. Mateo:
Pursuant to our phone conversation
on June 26, 2024, with the staff of the Division of Corporation Finance of the Securities and Exchange Commission regarding EWSB Bancorp,
Inc.’s (the “Company”) Pre-Effective Amendment No. 4 to the Registration Statement on Form S-1 (the “Registration
Statement”), attached please find a revised version of pages 4 and 20 of the Registration Statement (the “Changed Pages”).
The Changed Pages are marked to reflect changes the Company has made to its disclosure to further clarify that, based on the pro forma
regulatory capital ratios in the Registration Statement, if the Company fails to raise gross proceeds of approximately $8.1 million in
the offering, East Wisconsin Savings Bank’s (the “Bank”) net worth ratio, as defined under Wisconsin law, would continue
to be less than the required 6%. As a consequence, the Wisconsin Department of Financial Institutions (the “Department”) could
direct the Bank to adhere to a specific written plan established by the Department to correct the deficiency, as well as impose a number
of other restrictions on the Bank's operations, including a prohibition on the payment of dividends.
If you have questions regarding
the foregoing or require any additional information, please feel free to contact me at zdavis@luselaw.com or (202) 274-2021.
Very truly yours,
Zachary Davis
Enclosures
cc:
Charles D. Schmalz, EWSB Bancorp, Inc.
Kip A. Weissman, Esq.