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AI brief of an SEC Form 8-K · Narragansett Bancorp, Inc. (NARA)

Narragansett Bancorp completes stock offering, begins Nasdaq trading as NARA

Neutral Impact 3 of 5 financing Written later

Narragansett Bancorp, Inc. completed the two-tier holding company reorganization of BayCoast Bank and its related stock offering, which closed on November 2, 2026. The company sold 9,098,800 shares, and its common stock began trading on the Nasdaq Capital Market under the symbol NARA the same day. The filing reports 21,160,000 shares outstanding after the transaction, which sets the share count that existing and new holders will own.

Key points

  • Offering closed November 2, 2026; 9,098,800 shares sold, including 761,760 shares to the Bank's Employee Stock Ownership Plan
  • Additional shares issued: 11,638,000 to Narragansett Financial Corporation (mutual holding company) and 423,200 to BayCoast Charitable Foundation, Inc.
  • Total shares outstanding after closing: 21,160,000; trading began November 2, 2026 on Nasdaq under NARA
  • DRS book-entry statements and interest checks are expected to be mailed on or about November 4, 2026

The filing

CompanyNarragansett Bancorp, Inc. (NARA)
Form8-K, current report
Filed with the SECNov 4, 2026, 3:45 PM ET
Accession number0000943374-26-000482

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

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 November 04, 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.