SEC Comment Letter for URSB Bancorp, (URSB) — Nov 25, 2025
URSB Bancorp, Inc.
Date: Nov. 25, 2025 · CIK: 0002084261 · Accession: 0000000000-25-011035
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-290213
Letter
November 25, 2025 Kenneth R. Totten President and Chief Executive Officer URSB Bancorp, Inc. 11-15 Cooke Avenue Carteret, NJ 07008 Re:URSB Bancorp, Inc. Registration Statement on Form S-1 Filed September 12, 2025 File No. 333-290213 Dear Kenneth R. Totten: We have reviewed your registration statement and have the following comments. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Form S-1 filed September 12, 2025 Supervision and Regulation Brokered Deposits, page 87 1.We note your disclosures regarding reciprocal deposits. We also note your risk factor disclosure on page 19 about brokered certificates of deposit representing 22.0% of your total deposits at June 30, 2025. Please revise your disclosures, here or elsewhere, to clarify and quantify the extent to which you use reciprocal deposits and whether you classify any as brokered deposits as of each of the period ends presented.
November 25, 2025 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact Cara Lubit at 202-551-5909 or Amit Pande at 202-551-3423 if you have questions regarding comments on the financial statements and related matters. Please contact Aisha Adegbuyi at 202-551-8754 or Eric Envall at 202-551-3234 with any other questions. Sincerely, Division of Corporation Finance Office of Finance cc:Victor L. Cangelosi
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November 25, 2025
Kenneth R. Totten
President and Chief Executive Officer
URSB Bancorp, Inc.
11-15 Cooke Avenue
Carteret, NJ 07008
Re:URSB Bancorp, Inc.
Registration Statement on Form S-1
Filed September 12, 2025
File No. 333-290213
Dear Kenneth R. Totten:
We have reviewed your registration statement and have the following comments.
Please respond to this letter by amending your registration statement and providing
the requested information. If you do not believe a comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information
you provide in response to this letter, we may have additional comments.
Form S-1 filed September 12, 2025
Supervision and Regulation
Brokered Deposits, page 87
1.We note your disclosures regarding reciprocal deposits. We also note your risk factor
disclosure on page 19 about brokered certificates of deposit representing 22.0% of
your total deposits at June 30, 2025. Please revise your disclosures, here or elsewhere,
to clarify and quantify the extent to which you use reciprocal deposits and whether
you classify any as brokered deposits as of each of the period ends presented.
November 25, 2025
Page 2
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence
of action by the staff.
Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
Please contact Cara Lubit at 202-551-5909 or Amit Pande at 202-551-3423 if you
have questions regarding comments on the financial statements and related matters. Please
contact Aisha Adegbuyi at 202-551-8754 or Eric Envall at 202-551-3234 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Finance
cc:Victor L. Cangelosi