SEC Company Response from URSB Bancorp, (URSB) — Dec 16, 2025
URSB Bancorp, Inc.
Date: Dec. 16, 2025 · CIK: 0002084261 · Accession: 0001104659-25-121580
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-290213
Referenced dates: November 25, 2025
Letter
LUSE GORMAN, PC
Attorneys at Law
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 e-mail
(202) 274-2028 vcangelosi@luselaw.com
December 16, 2025
Via EDGAR
United States Securities and Exchange Commission
Division of Corporation Finance
100 F Street, NE
Washington, DC 20549
Re: URSB Bancorp, Inc.
Registration Statement on Form S-1
Filed September 12, 2025
File No. 333-290213
To Whom It May Concern:
On behalf of URSB Bancorp, Inc. (the "Company"), filed herewith is its Pre-Effective Amendment No. 1 to Registration Statement on Form S-1, including exhibits (the "Amended Registration Statement"), which is marked pursuant to SEC Rule 472. The comment transmitted by the Staff's comment letter dated November 25, 2025, is reproduced below, followed by the Company's response. The Prospectus included in the Amended Registration Statement has been updated with financial statements and related financial data as of September 30, 2025.
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.
Additional disclosure has been added to pages 81 and 87 of the Prospectus in response to this comment.
Luse Gorman, PC
United States Securities and Exchange Commission
Division of Corporation Finance
December 16, 2025
Page 2
If you have any questions, please contact the undersigned.
Very truly yours,
/s/ Victor L. Cangelosi
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CORRESP 1 filename1.htm 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 e-mail (202) 274-2028 vcangelosi@luselaw.com December 16, 2025 Via EDGAR United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, NE Washington, DC 20549 Re: URSB Bancorp, Inc. Registration Statement on Form S-1 Filed September 12, 2025 File No. 333-290213 To Whom It May Concern: On behalf of URSB Bancorp, Inc. (the "Company"), filed herewith is its Pre-Effective Amendment No. 1 to Registration Statement on Form S-1, including exhibits (the "Amended Registration Statement"), which is marked pursuant to SEC Rule 472. The comment transmitted by the Staff's comment letter dated November 25, 2025, is reproduced below, followed by the Company's response. The Prospectus included in the Amended Registration Statement has been updated with financial statements and related financial data as of September 30, 2025. 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. Additional disclosure has been added to pages 81 and 87 of the Prospectus in response to this comment. Luse Gorman, PC United States Securities and Exchange Commission Division of Corporation Finance December 16, 2025 Page 2 If you have any questions, please contact the undersigned. Very truly yours, /s/ Victor L. Cangelosi Victor L. Cangelosi Enclosure cc: Cara Lubit, SEC Amit Pande, SEC Aisha Adegbuyi, SEC Eric Envall, SEC Kenneth R. Totten, URSB Bancorp, Inc. David Van Steyn, URSB Bancorp, Inc. Lawrence M.F. Spaccasi, Esq. Kent M. Krudys, Esq. Zachary A. Davis, Esq.