CCSB Financial Corp. (the “Company”) is the bank holding company for Clay County Savings Bank (the “Bank”), a bank chartered in the State of Missouri. The Company does not engage in any significant other business activity. The Bank has offices in Liberty, Kearney and Kansas City (north), all in Clay County, Missouri. The Company’s executive office is located at 1178 West Kansas Street, Liberty, Missouri, 64068. The Company was incorporated in Delaware in September 2002 to facilitate the conversion of Clay County Savings Bank (formerly known as Clay County Savings and Loan Association) from a federally chartered, mutual savings association to a federally chartered, stock savings bank. The Bank converted to a state-chartered bank in May 2015.
Latest Stock Quote
Get the latest stock quote from Bloomberg.com
On July 25, 2018, the Board of Directors approved the payment of a cash dividend to holders of common stock, as of August 15, 2018, in the amount of $0.05 per share. The scheduled payment date is to be August 31, 2018.
John Davis resigned as a director of the Company and the subsidiary bank, Clay County Savings Bank, effective May 23, 2018. The Board has appointed David Feess to fill the unexpired term of Mr. Davis for both the Company and the bank.
Mr. Davis served as Chief Executive Officer (CEO) of the Company from the time of its formation until December 2013. He had also served as a Director and was Chairman of the Board of the Company from February 2006 to January 2017. In addition, he served as the bank’s CEO/Managing Officer from April 1981 through September 2013 and served as its Chairman from February 2006 to January 2017.
Mr. Feess is the President and CEO of the Liberty Hospital, a regional medical center. Mr. Feess is also a certified public accountant. Mr. Feess had been an advisory director of the subsidiary bank since May 2017.
On July 11, 2018, Park G.P., Inc., sent a letter to shareholders offering to purchase up to 30,000 shares of common stock. Below is a link to the Company’s response and a link to the Securities Exchange Commission (SEC) guidance to investors regarding mini-tender offers.