FINANCIAL INSTITUTION CONSULTANTS 555 METRO PLACE NORTH SUITE 524 DUBLIN, OHIO 43017 (614) 766-1426 (614) 766-1459 FAXConversion Valuation Agreement • March 17th, 2006 • Monadnock Community Bancorp Inc • Savings institution, federally chartered
The Boards of Directors Monadnock Community Bancorp, Inc., MHC Monadnock Community Bank One Jaffrey Road Peterborough, New Hampshire 03458
EXHIBIT 99.1 KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTS 555 METRO PLACE NORTH SUITE 524 DUBLIN, OHIO 43017 (614) 766-1426 (614) 766-1459 FAXConversion Valuation Agreement • March 14th, 2006 • First Federal Financial Services Inc • Savings institution, federally chartered
The Boards of Directors First Federal Financial Services, MHC First Federal Financial Services, Inc. 300 St. Louis Street Edwardsville, Illinois 62025
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • March 9th, 2017 • Eagle Financial Bancorp, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of Eagle Savings Bank (hereinafter referred to as “Eagle Savings”), relating to the mutual to stock conversion of Eagle Savings and stock offering (“the “Stock Offering”) of Eagle Savings. KELLER will provide a pro forma valuation of the market value of the shares of Eagle Savings to be sold in connection with the standard conversion.
KELLER & COMPANY, INC.Conversion Valuation Agreement • March 11th, 2019 • Eureka Homestead Bancorp, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of Eureka Homestead (hereinafter referred to as “Eureka”), relating to the mutual to stock conversion of Eureka and stock offering (“the “Stock Offering”) of Eureka. KELLER will provide a pro forma valuation of the market value of the shares of Eureka to be sold in connection with the standard conversion.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • June 5th, 2007 • LaPorte Bancorp, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of La Porte Savings Bank. (“La Porte”), La Porte, Indiana, relating to the stock offering (the “Stock Offering”) of La Porte. KELLER will provide a pro forma valuation of the market value of the shares of La Porte to be sold in connection with the Stock Offering, recognizing the proposed acquisition of City Savings Financial Corp. (“CSFC”), the holding company of City Savings Bank, Michigan City, Indiana.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • December 13th, 2018 • TEB Bancorp, Inc. • Savings institutions, not federally chartered
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an updated conversion appraisal of The Equitable Bank, S.S.B. (hereinafter referred to as “Equitable”), relating to the mutual to stock conversion of Equitable and minority stock offering (“the “Stock Offering”) of Equitable’s mid-tier holding company. KELLER will provide a new pro forma valuation of the market value of the shares of Equitable’s mid-tier holding company to be sold in connection with the minority stock offering, based on September 30, 2018, financials rather than our original valuation based on June 30, 2018, financials.
ContractConversion Valuation Agreement • December 21st, 2007 • Century Commercial Bancorp Inc • Ohio
Keller & Company, Inc. (“Keller”) hereby proposes to prepare an independent pro forma valuation of Century Bank (“Century”) related to its stock offering and simultaneous acquisition of Liberty Bank NA (“Liberty”) of Twinsburg, Ohio.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • September 9th, 2016 • Community Savings Bancorp, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of Community Savings (hereinafter referred to as “Community”), relating to the mutual to stock conversion of Community and stock offering (“the “Stock Offering”) of Community. KELLER will provide a pro forma valuation of the market value of the shares of Community to be sold in connection with the standard conversion.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • June 23rd, 2009 • Cullman Bancorp, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of Cullman Savings Bank (hereinafter referred to as “Cullman”), relating to the mutual to stock conversion of Cullman and minority stock offering (“the “Stock Offering”) of Cullman’s mid-tier holding company. KELLER will provide a pro forma valuation of the market value of the shares of Cullman’s mid-tier holding company to be sold in connection with the minority stock offering.
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.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • September 10th, 2014 • MW Bancorp, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of Mt. Washington Savings Bank (hereinafter referred to as “Mt. Washington”), relating to the mutual to stock conversion of Mt. Washington and stock offering (“the “Stock Offering”) of Mt. Washington. KELLER will provide a pro forma valuation of the market value of the shares of Mt. Washington to be sold in connection with the standard conversion.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • September 12th, 2018 • TEB Bancorp, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of The Equitable Bank, S.S.B. (hereinafter referred to as “Equitable”), relating to the mutual to stock conversion of Equitable and minority stock offering (“the “Stock Offering”) of Equitable’s mid-tier holding company. KELLER will provide a pro forma valuation of the market value of the shares of Equitable’s mid-tier holding company to be sold in connection with the minority stock offering.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • December 17th, 2014 • Poage Bankshares, Inc. • Savings institution, federally chartered
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of Commonwealth Bank, FSB, Mt. Sterling, Kentucky (hereinafter referred to as “Commonwealth”), relating to the mutual to stock conversion of Commonwealth and subsequent merger with Town Square Bank, Ashland, Kentucky. KELLER will provide a pro forma valuation of the market value of the shares of Commonwealth to be sold in connection with the conversion/merger transaction.
KELLER & COMPANY, INC.Conversion Valuation Agreement • March 11th, 2016 • Best Hometown Bancorp, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of Home Federal Savings and Loan Association of Collinsville (hereinafter referred to as “Home Federal”), relating to the mutual to stock conversion of Home Federal and stock offering (“the “Stock Offering”) of Home Federal. KELLER will provide a pro forma valuation of the market value of the shares of Home Federal to be sold in connection with the standard conversion.
KELLER & COMPANY, INC.Conversion Valuation Agreement • September 11th, 2019 • Cincinnati Bancorp, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of the successor to Cincinnati Bancorp (hereinafter referred to as “Cincinnati Bancorp”), the mid-tier stock holding company of Cincinnati Federal (“Cincinnati Federal”), relating to the second stage conversion (the “Conversion”) of Cincinnati Bancorp. KELLER will provide a pro forma valuation of the market value of the shares of Cincinnati Bancorp to be sold in connection with a second stage conversion and the corresponding exchange ratio and prepare the pro forma valuation tables in the prospectus.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • June 14th, 2017 • FFBW, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of First Federal of Wisconsin (hereinafter referred to as “First Federal”), relating to the mutual to stock conversion of First Federal and minority stock offering (“the “Stock Offering”) of First Federal’s mid-tier holding company. KELLER will provide a pro forma valuation of the market value of the shares of First Federal’s mid-tier holding company to be sold in connection with the minority stock offering.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • September 12th, 2013 • Edgewater Bancorp, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of Edgewater Bank (hereinafter referred to as “Edgewater”), relating to the mutual to stock conversion of Edgewater and stock offering (“the “Stock Offering”) of Edgewater. KELLER will provide a pro forma valuation of the market value of the shares of Edgewater to be sold in connection with the standard conversion.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • March 28th, 2006 • Seneca-Cayuga Bancorp, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of The Seneca Falls Savings Bank (hereinafter referred to as “Seneca Falls Savings,” relating to the minority stock offering (the “Stock Offering”) of Seneca Falls Savings. KELLER will provide a pro forma valuation of the market value of the shares of Seneca Falls Savings to be sold in connection with the minority stock offering.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • March 15th, 2013 • Sunnyside Bancorp, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of Sunnyside Federal Savings & Loan Association (hereinafter referred to as “Sunnyside Federal”), relating to the mutual to stock conversion of Sunnyside Federal and stock offering (“the “Stock Offering”) of Sunnyside Federal. KELLER will provide a pro forma valuation of the market value of the shares of Sunnyside Federal to be sold in connection with the standard conversion.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • September 7th, 2018 • 1895 Bancorp of Wisconsin, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of PyraMax Bank, FSB (hereinafter referred to as “PyraMax”), relating to the mutual to stock conversion of PyraMax and minority stock offering (“the “Stock Offering”) of PyraMax’s mid-tier holding company. KELLER will provide a pro forma valuation of the market value of the shares of PyraMax’s mid-tier holding company to be sold in connection with the minority stock offering.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • June 9th, 2015 • New Bancorp, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of New Buffalo Savings Bank (hereinafter referred to as “New Buffalo Savings”), relating to the mutual to stock conversion of New Buffalo Savings and related stock offering (“the “Stock Offering”) of New Buffalo Savings’ holding company. KELLER will provide a pro forma valuation of the market value of the shares of New Buffalo Savings’ holding company to be sold in connection with the conversion.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • September 17th, 2009 • Versailles Financial Corp
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of Versailles Savings & Loan Company (hereinafter referred to as “Versailles Savings”), relating to the mutual to stock conversion of Versailles Savings and minority stock offering (the “Stock Offering”) of Versailles Savings’ holding company. KELLER will provide a pro forma valuation of the market value of the shares of Versailles Savings’ holding company to be sold in connection with the standard conversion.
KELLER & COMPANY, INC.Conversion Valuation Agreement • June 28th, 2013 • Home Bancorp Wisconsin, Inc.
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of Home Savings Bank (hereinafter referred to as “Home Savings”), relating to the mutual to stock conversion of Home Savings and stock offering (“the “Stock Offering”) of Home Savings. KELLER will provide a pro forma valuation of the market value of the shares of Home Savings to be sold in connection with the standard conversion.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • March 11th, 2015 • CF Bancorp
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of Cincinnati Federal Savings (hereinafter referred to as “Cincinnati Federal”), relating to the mutual to stock conversion of Cincinnati Federal and minority stock offering (“the “Stock Offering”) of Cincinnati Federal’s mid-tier holding company. KELLER will provide a pro forma valuation of the market value of the shares of Cincinnati Federal’s mid-tier holding company to be sold in connection with the minority stock offering.
