PB BANCORP, INC. (a Maryland corporation) Up to 3,953,125 Shares (Subject to increase to up to 4,546,094 shares) COMMON STOCK ($0.01 Par Value) Offering Price $8.00 Per Share AGENCY AGREEMENTAgency Agreement • September 11th, 2015 • PB Bancorp, Inc. • New York
RP® FINANCIAL, LC.Appraisal Services Agreement • September 11th, 2015 • PB Bancorp, Inc.
This letter sets forth the agreement between Putnam Bank, Putnam, Connecticut (the “Bank”), the wholly-owned subsidiary of PSB Holdings, Inc. (the “Company”), which in turn is the majority-owned subsidiary of Putnam Bancorp, MHC (the “MHC”), and RP® Financial, LC. (“RP Financial”), whereby RP Financial will provide the independent conversion appraisal services in conjunction with the second-step conversion transaction by the MHC. The scope, timing and fee structure for these appraisal services are described below.
