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Contact:
Alexander G. Babey, President and Chief Executive Officer
Robert W. DeRossett, Chief Financial Officer
Mid-Southern Bancorp, Inc.
812-883-2639
Mid-Southern Bancorp, Inc., Mid-Southern Savings Bank, FSB and Beacon Credit Union Extend Purchase and Assumption Agreement
Salem, Indiana – January 28, 2025: Mid-Southern Bancorp, Inc. (the “Company”) (OTC Pink: MSVB), the holding company for Mid-Southern Savings Bank, FSB (the “Bank”), and Beacon Credit Union today announced that the parties have agreed to extend their Purchase and Assumption Agreement to June 30, 2025, to provide additional time to obtain the required regulatory approvals.
The parties remain committed to the transaction and to obtaining regulatory approvals.
About Mid-Southern Bancorp, Inc. and Mid-Southern Savings Bank, FSB
Mid-Southern Bancorp, Inc. is the holding company of Mid-Southern Savings Bank, FSB, which is a federally chartered savings bank headquartered in Salem, Indiana, approximately 40 miles northwest of Louisville, Kentucky. The Bank conducts business from its main office in Salem and through its branch offices located in Mitchell and Orleans, Indiana and loan production offices located in New Albany, Indiana and Louisville, Kentucky.