Narragansett Bancorp completes subscription offering; closing awaits regulatory approval
Narragansett Bancorp, Inc. has completed the subscription offering tied to the proposed two-tier holding company reorganization of BayCoast Bank. The offering was oversubscribed by Bank depositors, so the company does not expect a community or syndicated community offering. The closing remains subject to final regulatory approvals and customary closing conditions, and the final results and closing date have not yet been announced.
Key points
- Subscription offering was oversubscribed by depositors of BayCoast Bank as of May 31, 2025.
- No community offering or syndicated community offering is expected.
- Closing remains subject to customary final regulatory approvals and closing conditions.
- Final results and the anticipated closing date will be announced after all regulatory approvals are received.
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.