Cincinnati Bancorp, Inc. [CNNB]

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Company Overview

Cincinnati Bancorp,Inc. (the Company) is a Maryland corporation that was incorporated in August2019 to become the stock holding company for Cincinnati Federal in connection with the conversion of the former CF Mutual Holding Company from a mutual holding company to a stock holding company. Cincinnati Bancorp,Inc. is the successor to Cincinnati Bancorp (a Federal corporation) (Old Cincinnati Bancorp), the former stock holding company of Cincinnati Federal and majority-owned subsidiary of the former CF Mutual Holding Company. The conversion was completed effective January22, 2020. In the conversion, Cincinnati Bancorp,Inc. sold 1,652,960 shares of common stock at $10.00 per share, for net proceeds of approximately $14.3 million, and issued 1,322,665 shares of common stock in exchange for the shares of common stock of Old Cincinnati Bancorp owned by stockholders of Old Cincinnati Bancorp, other than CF Mutual Holding Company, as of the effective date of the conversion. As a result of the conversion, CF Mutual Holding Company and Old Cincinnati Bancorp have ceased to exist.