CINCINNATI BANCORP (a federal corporation) Up to 621,000 Shares (Subject to Increase to 714,150 Shares) COMMON STOCK (Par Value $0.01 Per Share) Subscription Price $10.00 Per Share AGENCY AGREEMENTAgency Agreement • June 4th, 2015 • Cincinnati Bancorp • Savings institution, federally chartered • New York
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • June 4th, 2015 • Cincinnati Bancorp • Savings institution, federally chartered
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to revise the conversion appraisal of Cincinnati Federal Savings (hereinafter referred to as “Cincinnati Federal”), relating to the mutual to stock conversion of Cincinnati Federal and stock offering (“the “Stock Offering”) of Cincinnati Federal. KELLER will provide a revised pro forma valuation of the market value of the shares of Cincinnati Federal to be sold in connection with the standard conversion and revised text and updated tables to recognize the new stub period ended March 31, 2015.
