EX-1.1
from S-1
9 pages
Under the Terms of the Plan and Applicable Regulations, the Shares Will Be Offered First to Eligible Depositors of the Bank and the Company’s Tax-Qualified Employee Stock Benefit Plans (The “Subscription Offering”). Subject to the Prior Rights of Subscribers in the Subscription Offering, the Shares May Be Offered in a Community Offering, With a Preference Given in the Community Offering to Residents of the Communities Served by the Bank (The “Community Offering,” and Together With the Subscription Offering, the “Subscription and Community Offering”). Shares Not Subscribed for in the Subscription and Community Offering, if Any, May Be Offered to the General Public by Piper Sandler on a Best Efforts Basis (“Syndicated Offering” and Together With the Subscription and Community Offering, the “Offering”). Services Piper Sandler Will Work With the Company and Its Management, Counsel, Accountants and Other Advisors in Preparing for and Completing the Offering and Anticipate That Its Services Will Include the Following
12/34/56