PSBH (MM)

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

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FORM 8-K

 

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 7, 2015

 

 

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PSB Holdings, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Federal		0-50970		42-1597948
(State or other		(Commission File Number)		(I.R.S. Employer Identification No.)
jurisdiction of incorporation)

   

 

 

40 Main Street, Putnam, Connecticut		06260
(Address of principal executive offices)		(Zip Code)

 

	(860) 928-6501
	(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF 240.13e-4(c))

 

 

Item 8.01.

Other Events.

 

On October 7, 2015, the Board of Directors of PSB Holdings, Inc. (the “Company”) declared a cash dividend on the Company’s common stock of $.04 per share for the quarter ended September 30, 2015. The dividend will be payable to stockholders of record as of October 21, 2015 and will be paid on November 4, 2015.

 

A copy of the press release dated October 8, 2015, giving details associated with the dividend is attached as Exhibit 99.1 to this report.

 

Item 9.01.

Financial Statements and Exhibits

  

(a)

Not applicable.

 

(b)

Not applicable.

 

(c)

Not applicable.

 

(d)

Exhibits:

  

	Exhibit No.		Exhibit Description
	99.1		Press release dated October 8, 2015.

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

 

	PSB HOLDINGS, INC.
Dated: October 8, 2015	By:	/s/ Thomas A. Borner
		Thomas A. Borner President and Chief Executive Officer

 

Exhibit 99.1

 

PSB Holdings, Inc.

News Release

 

October 8, 2015
FOR IMMEDIATE RELEASE
Contact: Thomas A. Borner, President and CEO, PSB Holdings, Inc.
Telephone: (860) 928-6501

 

PSB HOLDINGS, INC. ANNOUNCES DIVIDEND

PUTNAM, CT – October 8, 2015 – Thomas A. Borner, President and CEO of PSB Holdings, Inc., has announced that the Company’s Board of Directors has declared a cash dividend on the Company’s common stock of $.04 per share for the quarter ended September 30, 2015. The dividend will be payable to all stockholders of record as of October 21, 2015, and is scheduled to be paid on November 4, 2015.

 

"We are pleased to announce the payment of this quarterly dividend," said Mr. Borner. “These are exciting times for Putnam Bank, especially in light of the recent announcement of our proposed second-step conversion and stock offering. The payment of dividends is one way of providing a return to stockholders who have invested in our community bank. As local banks have disappeared, we will continue our brand of community banking for years to come in keeping with our tag line; “Together We Make A Difference”, as we have for the last 153 years of service to all of eastern Connecticut”.

 

The Company is the majority-owned subsidiary of Putnam Bancorp, MHC, a federal mutual holding company, which owns 3,729,846 of the Company's outstanding shares.

 

PSB Holdings, Inc., headquartered in Putnam, Connecticut, is the parent of Putnam Bank, a state chartered stock savings bank founded in 1862. The Bank offers a wide range of financial services through its eight full-service offices. Putnam Bank also operates a full-service loan center in Putnam, Connecticut. The Bank's deposits are insured by the Federal Deposit Insurance Corporation. PSB Holdings Inc.'s common stock trades on the NASDAQ Capital Market under the symbol PSBH.

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