On July 26, 2023, Mercer Savings Bank, Celina, Ohio, completed its conversion from the mutual form of organization to the stock form of organization. Concurrently, Mercer Bancorp, Inc., the newly formed holding company for Mercer Savings Bank, completed its initial public offering by selling 972,970 shares of its common stock at $10.00 per share.  Mercer Bancorp’s common stock is listed on the OTCQB Market under the trading symbol “MSBB.”

Luse Gorman served as legal counsel to Mercer Bancorp and Mercer Savings Bank in the transaction. The Luse Gorman team included Kip Weissman, Ellie Cook and Thomas Hutton.

Mercer Bancorp has $149 million in assets and operates from four office locations in central-western Ohio.

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.