CFSB Bancorp Announces Merger with Hometown Financial Group, Shareholders to Vote on Agreement

CFSB Bancorp, Inc. has announced a merger agreement with Hometown Financial Group, MHC, which will result in CFSB becoming a wholly owned subsidiary of Hometown Financial. Shareholders will vote on the merger agreement on September 16, 2025, with a conversion of their shares into $14.25 in cash per share, subject to regulatory approvals and shareholder votes. CFSB Bancorp shows positive cash flow and a strong balance sheet but suffers from profitability challenges and an extremely high P/E ratio, raising valuation concerns.