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PyraMax Bank Announces Filing of Registration Statement and Regulatory Applications

PYRAMAX BANK, FSB ANNOUNCES FILING OF REGISTRATION STATEMENT AND REGULATORY APPLICATIONS

            Greenfield, Wisconsin, September 7, 2018: PyraMax Bank, FSB (the “Bank”) today announced that 1895 Bancorp of Wisconsin, Inc. (the “Company”), the proposed holding company for PyraMax Bank, FSB, filed a registration statement with the Securities and Exchange Commission (the “SEC”) to offer up to 2,783,000 shares of its common stock on a priority basis to eligible depositors in a subscription offering and to the general public in a community offering.  In addition and as part of the offering, the Company intends to contribute 1% of its common stock to our charitable foundation.

            The Bank also announced that it filed regulatory applications with the Federal Reserve Board, the Office of the Comptroller of the Currency and the FDIC to obtain the regulatory approvals required to reorganize the Bank from a federal chartered mutual savings bank to the federal mutual holding company form of organization and to complete the offering.  Pursuant to the Bank’s plan of reorganization, the Bank will become a federal stock savings bank and the wholly-owned subsidiary of the Company, which will be a majority-owned subsidiary of a new federal mutual holding company.  The transaction is also subject to approval of the Bank’s depositors.  Proxy and offering materials setting forth detailed information relating to the plan of reorganization will be sent to the Bank’s depositors after the registration statement is declared effective by the SEC.

            Information, including details about the business and financial information of the Bank and the Company, the contribution to the charitable foundation, the offering and the reorganization will be provided in a prospectus, which will be available when the offering commences, expected to be during the fourth quarter of 2018.

            Luse Gorman, PC, Washington, D.C., will serve as special counsel to PyraMax Bank, FSB for the reorganization and offering.  Keefe, Bruyette & Woods, Inc. will serve as financial advisor and Keller & Company, Inc., Dublin, OH, will serve as independent appraiser for the reorganization and offering.

            PyraMax Bank, FSB was established in 1895 and conducts its business from its headquarters in Greenfield, Wisconsin.  Its banking office network currently has six full service banking offices in Milwaukee County, two full service banking offices in Waukesha County and one full service banking office in Ozaukee County, Wisconsin.

            This 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, may lose value and are not insured by the Federal Deposit Insurance Corporation or any other government agency.

            This release contains certain forward-looking statements based on current expectations, estimates and projections about the Company's industry, and management's beliefs and assumptions. Words such as anticipates, expects, intends, plans, believes, estimates and variations of such words and expressions are intended to identify forward-looking statements. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to forecast. Therefore, actual results may differ materially from those expressed or forecast in such forward-looking statements. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information or otherwise.

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