Filing Analysis
Hoyne Bancorp, Inc. has dismissed its independent auditor, Wipfli LLP, and appointed Plante Moran, PLLC as its new independent registered public accounting firm, effective immediately.
🚩 Red Flags
- Dismissal of the independent auditor (Wipfli LLP).
- Prior disclosure of a material weakness in internal control over financial reporting (remediated March 26, 2026).
📋 Key Facts
- Wipfli LLP was dismissed by the Audit Committee on June 22, 2026.
- Plante Moran, PLLC has been engaged to serve as the new auditor for the fiscal year ending December 31, 2026.
- The company's previous audit reports (FY2024 and FY2025) did not contain adverse or qualified opinions.
- A material weakness in internal control over financial reporting was disclosed in the FY2025 10-K but was remediated as of March 26, 2026.
- The company completed a conversion from a mutual holding company to a stock holding company structure on December 3, 2025.
Hoyne Bancorp, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on May 28, 2026. Stockholders elected three directors for three-year terms and ratified the appointment of Wipfli LLP as the independent registered public accounting firm.
📋 Key Facts
- Annual Meeting held on May 28, 2026.
- Quorum represented 74.47% of outstanding common stock (6,029,439 shares).
- Directors David M. Opas, Janet H. Winningham, and Anthony M. Vaccarello were elected to terms expiring at the 2029 Annual Meeting.
- Wipfli LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
Hoyne Bancorp, Inc. announced the successful closing of a subscription offering related to its conversion from a mutual holding company structure to a stock holding company structure. This marks the completion of the organizational transition for Hoyne Savings Bank.
📋 Key Facts
- Closing date: December 3, 2025
- The transaction involves the conversion of Hoyne Savings, MHC from a mutual holding company to a stock holding company form of organization.
- A subscription offering was conducted in connection with this plan of conversion.
- The Company is an emerging growth company.
Hoyne Bancorp, Inc. has received all final regulatory approvals for its conversion from a mutual holding company to a stock holding company. The subscription offering and conversion are expected to close on December 3, 2025, with Nasdaq trading under 'HYNE' commencing December 4, 2025.
📋 Key Facts
- Final regulatory approvals for the conversion of Hoyne Savings, MHC have been received.
- The closing of the subscription offering and conversion is expected on December 3, 2025.
- Common stock trading on Nasdaq Capital Market under symbol 'HYNE' is expected to commence December 4, 2025.
- The company is an emerging growth company.
Hoyne Bancorp, Inc. announced the successful completion of a subscription offering related to its conversion from a mutual holding company to a stock holding company. The conversion and establishment of the Hoyne Charitable Foundation were approved by members during a special meeting on November 13, 2025.
📋 Key Facts
- Subscription offering completed with sufficient orders received; no community or syndicated offering required.
- Hoyne Savings, MHC members approved the Plan of Conversion on November 13, 2025.
- Members also approved the establishment and funding of Hoyne Charitable Foundation, Inc.
- The conversion remains subject to final regulatory approvals and customary closing conditions.
Hoyne Bancorp, Inc. has entered into an Agency Agreement with Keefe, Bruyette & Woods (KBW) to manage the marketing of common stock in connection with its pending conversion from a mutual holding company to a stock form of organization.
🚩 Red Flags
- Potential dilution for existing stakeholders as the company transitions from mutual to stock form.
📋 Key Facts
- Agreement dated September 30, 2025, with Keefe, Bruyette & Woods, Inc. (KBW).
- KBW will act as sole manager for any syndicated community offering related to the conversion.
- Management fee of $35,000; success fees range from 1.0% (subscription offering) to 6.0% (syndicated community offering).
- Reimbursement for out-of-pocket expenses capped at $195,000 (including legal counsel).
- Shares are being offered via a Form S-1 Registration Statement declared effective on September 30, 2025.