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BV Financial Announces Stockholder and Member Approvals for Pending Conversion Transaction
BALTIMORE, MD / ACCESSWIRE / June 29, 2023 / BV Financial, Inc. (the "Company") (OTC Pink:BVFL), the holding company for BayVanguard Bank, announced today
About this update from Bv Financial, Inc.
[{"type":"text","content":"BALTIMORE, MD / ACCESSWIRE / June 29, 2023 / BV Financial, Inc. (the \"Company\") (OTC Pink:BVFL), the holding company for BayVanguard Bank, announced today that the Company's stockholders and the members of Bay-Vanguard, M.H.C., Inc. (the \"MHC\"), the Company's mutual holding company parent, approved the pending conversion of the MHC from mutual to stock form. The approvals were received at a Special Meeting of Stockholders and a Special Meeting of Members, both held earlier today.Completion of the conversion and stock offering remains subject to final regulatory approval, and the sale of at least 9,775,000 shares of common stock, which represents the minimum of the offering range.This release is neither an offer to sell nor a solicitation of an offer to buy common stock of the Company. The offer is made only by the Company's prospectus when accompanied by a stock order form. The shares of common stock of the Company are not savings accounts or savings deposits, may lose value and are not insured by the Federal Deposit Insurance Corporation or any other government agency. The Company has filed with the Securities and Exchange Commission (the \"SEC\") a registration statement for the offering to which this press release relates as well as the final prospectus, dated May 15, 2023, for the subscription and community offerings, as supplemented by the prospectus supplement dated June 23, 2023. Before you invest, you should read that prospectus and other documents the Company has filed with the SEC for more complete information about the Company and the stock offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov.About BV Financial, Inc.BV Financial, Inc. is the parent company of BayVanguard Bank. BayVanguard Bank is headquartered in Baltimore, Maryland with 15 banking offices in the Baltimore metropolitan area and the Eastern Shore of Maryland. BayVanguard Bank is a full-service community-oriented financial institution dedicated to serving the financial service needs of consumers and businesses.Forward-Looking StatementsCertain statements contained herein constitute \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to be covered by the safe harbor provisions of the Priva...