July 19, 2021

On July 14, 2021, Cullman Bancorp, Inc., Cullman, Alabama, the holding company for Cullman Savings Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. A total of 4,284,375 shares of common stock were sold in the subscription offering at a price of $10.00 per share. The Company’s common stock now trades on the Nasdaq Capital Market under the trading symbol “CULL.”

Luse Gorman served as legal counsel to Cullman in the conversion and offering. The Luse Gorman team included Kip Weissman, Ned Quint, Max Seltzer and Brendan Saxon.

Cullman Bancorp, Inc. has $334.1 million in assets and operates from three offices in Cullman, Alabama and one office in Hanceville, Alabama.

Since 2000, Luse Gorman has been the leading law firm in the United States in mutual holding company transactions and mutual-to-stock conversions, based on number of transactions. Click here to learn more about our capital markets and corporate finance services.