Double Bottomline Closes Acquisition of Community Savings Bancorp, Community Savings.

MANews-(C)2009-2021

Ohio, US-based savings and loan holding company Double Bottomline Corp has completed the purchase of Ohio, US-based bank holding company Community Savings Bancorp, Inc. (OTC: CCSB) and its wholly-owned subsidiary, federal savings association Community Savings, the company said.

The final aggregate merger consideration for the transaction was USD 9.5m, which will result in the payment of USD 23.44 per share in cash to the shareholders of CCSB common stock. It is expected that the exchange agent, American Stock Transfer and Trust Company, LLC will commence the payment of the merger consideration to the stockholders of CCSB on or about December 27, 2021.

Shareholders of CCSB who have questions about receipt of the merger consideration should contact AST at 937-5449.

Community Savings' goal is to extend its reach beyond southeast Ohio, to all Ohio and ultimately to markets around the country which are a good fit for its products and services and achieve its mission to serve low to moderate income census tracts and expand its products and services to the underbanked and unbanked.

Double Bottomline said it plans to maintain Community Savings' current footprint and looks forward to serving the needs of its markets in a safe and sound manner.

Community Savings will adjust its branding to "Community Savings for America" as part of this evolution.

The bank will operate three basic business segments: community banking within its branch footprint, indirect auto lending in southeast Ohio, and prime quality non-agency mortgages that are not geographically limited and will be...

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