# EDGAR Filing Document

**Accession Number:** 0002087419
**File Stem:** 0001104659-26-036609
**Filing Date:** 2026-3
**Character Count:** 9262
**Document Hash:** 4cded39f075a59a61263484498e317c8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-036609.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0001104659-26-036609

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20260330

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PSB Financial, Inc.
- **CENTRAL INDEX KEY:** 0002087419
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-290457
- **FILM NUMBER:** 26810919

**BUSINESS ADDRESS:**
- **STREET 1:** 202 NORTH MAIN STREET
- **CITY:** DEER LODGE
- **STATE:** MT
- **ZIP:** 59722
- **BUSINESS PHONE:** 406-846-2202

**MAIL ADDRESS:**
- **STREET 1:** 833 E MICHIGAN STREET
- **STREET 2:** SUITE 1800
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**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): March 30, 2026 | Date of report (Date of earliest event reported): March 30, 2026 | Date of report (Date of earliest event reported): March 30, 2026 |
| **PSB Financial, Inc.** | **PSB Financial, Inc.** | **PSB Financial, Inc.** |
| (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) |
| **Maryland** | **333-290457** | **39-4296886** |
| (State or other jurisdiction of<br> incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| **202 North Main Street**<br> **P.O. Box 191**<br> **Deer Lodge, Montana 59722** | **202 North Main Street**<br> **P.O. Box 191**<br> **Deer Lodge, Montana 59722** | **202 North Main Street**<br> **P.O. Box 191**<br> **Deer Lodge, Montana 59722** |
| (Address of principal executive offices, including zip code) | (Address of principal executive offices, including zip code) | (Address of principal executive offices, including zip code) |
| **(406) 846-2202** | **(406) 846-2202** | **(406) 846-2202** |
| (Registrant's telephone number, including area code) | (Registrant's telephone number, including area code) | (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 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Title of each class | &nbsp;&nbsp;Trading Symbol(s) | &nbsp;&nbsp;Name of each exchange on which registered |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ⌧

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

---

| | |
|:---|:---|
| **Item 8.01** | **Other Events.** |

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On March 30, 2026, PSB Financial, Inc., the proposed holding company of Pioneer State Bank, issued a press release announcing the commencement of its stock offering in connection with the proposed conversion of Pioneer Federal Savings and Loan Association from the mutual form of organization to the stock form of organization. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

[99.1](tm2610167d1_ex99-1.htm) [Press Release dated March 30, 2026](tm2610167d1_ex99-1.htm)

104 Cover Page Interactive Data File (embedded with the Inline XBRL document)

**<u>SIGNATURES</u>**

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.

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| | | |
|:---|:---|:---|
|  | PSB Financial, Inc. | PSB Financial, Inc. |
| Dated: March 30, 2026 | By: | /s/ Phillip K. Willett |
|  |  | Phillip K. Willett |
|  |  | President and Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

<u>FOR IMMEDIATE RELEASE</u>

<u>Contact</u>:

Phillip K. Willett

President & Chief Executive Officer

(406) 683-5191

**PSB Financial, Inc. Commences Stock Offering**

Deer Lodge, MT; March 30, 2026 – PSB Financial, Inc. (the "Company"), the proposed holding company for Pioneer State Bank, announced today the commencement of its stock offering in connection with the proposed conversion of Pioneer Federal Savings and Loan Association (the "Bank") from the mutual form of organization to the stock form of organization. Pioneer State Bank will be the successor to the Bank upon the completion of the stock offering and conversion. The Company and the Bank have received all requisite regulatory approvals and authorizations to commence the stock offering.

The Company is offering for sale up to 1,495,000 shares of common stock (subject to increase to up to 1,719,250 shares) at a purchase price of $10.00 per share. The shares are being offered for sale in a subscription offering to certain depositors of the Bank and to the Bank's employee stock ownership plan. The Company may offer for sale any shares of common stock that are not subscribed for in the subscription offering to members of the general public in a community offering, with preference given to natural persons (and trusts of natural persons) residing in Beaverhead and Powell Counties in Montana.

All questions concerning the stock offering or requests for offering materials should be directed to the Stock Information Center at 1-877-821-5775. The Stock Information Center is open Monday through Friday between 9:00 a.m. and 3:00 p.m., Montana time. The Stock Information Center will be closed on bank holidays.

Completion of the conversion and stock offering is subject to the sale by the Company of at least 1,105,000 shares of its common stock in the stock offering, the receipt of final regulatory approval, the approval of the Bank's members, and other customary closing conditions.

Keefe, Bruyette & Woods, Inc., A Stifel Company, is serving as marketing agent for the subscription offering, and will serve as marketing agent for any community offering. Godfrey & Kahn, S.C. is serving as legal counsel to the Company and the Bank. Nutter McClennen & Fish LLP is serving as legal counsel to Keefe, Bruyette & Woods, Inc.

**About Pioneer Federal Savings and Loan Association**

The Bank is a state chartered mutual savings and loan association that conducts business from their main office in Deer Lodge, Montana and a branch office in Dillon, Montana. At December 31, 2025 the Bank had assets of $120.0 million and deposits of $92.7 million.

**Special Notice Regarding Common Stock**

***This press release is neither an offer to sell nor a solicitation of an offer to buy common stock. The offer is made only by the prospectus when accompanied by a stock order form. The shares of common stock are not deposits or savings accounts and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.***

**Forward-Looking Statements**

This press release may contain forward-looking statements about the conversion and stock offering, which can be identified by the use of words such as "estimate," "project," "believe," "intend," "anticipate," "assume," "plan," "seek," "expect," "may," "should," "indicate," "would," "believe," "contemplate," "continue," "target" and words of similar meaning. Forward-looking statements are inherently subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include, but are not limited to, that risk that the stock offering and conversion may not be timely completed, if at all, that required regulatory and member approvals are not timely received, if at all, or that other customary closing conditions are not satisfied in a timely manner, if at all.