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Bancorp 34, Inc. – ‘S-4MEF’ on 3/13/24

On:  Wednesday, 3/13/24, at 6:17pm ET   ·   Effective:  3/13/24   ·   Accession #:  1552781-24-102   ·   File #s:  333-273901, 333-277904

1 Reference:  To:  Bancorp 34, Inc. – ‘S-4’ on 8/11/23

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/13/24  Bancorp 34, Inc.                  S-4MEF      3/13/24    5:210K                                   2ENGAGE/FA

Registration Statement to Add Securities to a Prior Form S-4 Registration   —   Rule 462(b)

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-4MEF      Registration Statement to Add Securities to a       HTML     62K 
                Prior Form S-4 Registration                                      
 2: EX-5.1      Opinion of Counsel re: Legality                     HTML     12K 
 3: EX-23.2     Consent of Expert or Counsel                        HTML      6K 
 4: EX-23.3     Consent of Expert or Counsel                        HTML      6K 
 5: EX-FILING FEES  Filing Fees                                     HTML     43K 


‘S-4MEF’   —   Registration Statement to Add Securities to a Prior Form S-4 Registration


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As filed with the Securities and Exchange Commission on March 13, 2024

 

Registration No. 333 - 273901

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form S-4

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

BANCORP 34, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Maryland   6021   74-2819148
(State or other jurisdiction of
incorporation or organization)
  (Primary Standard Industrial
Classification Code Number)
  (I.R.S. Employer
Identification Number)

 

8777 E. Hartford Drive, Suite 100

Scottsdale, Arizona 85255

(623) 344-6064 

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

 

James T. Crotty

Chief Executive Officer

Bancorp 34, Inc.

8777 E. Hartford Drive, Suite 100

Scottsdale, Arizona 85255

(623) 344-6064

(Name, address, including zip code, and telephone number, including area code, of agent for service)

 

 

 

    Copies to:    

 

J. Brennan Ryan, Esq.

John M. Willis, Esq.

Nelson Mullins Riley & Scarborough LLP

Atlantic Station, 201 17th Street NW, Suite 1700

Atlanta, Georgia 30363

(404) 322-6000

 

 

James T. Crotty

President and Chief Executive Officer

Bancorp 34, Inc.

8777 E. Hartford Drive, Suite 100

Scottsdale, Arizona 85255

(623) 334-6064

 

 

Christian Otteson, Esq.

Bo Anderson, Esq.

Otteson Shapiro LLP

7979 E. Tuffs Avenue, Suite 1600

Denver, Colorado 80237

(720) 488-0220

 

 

Approximate date of commencement of proposed sale of the securities to the public: As soon as practicable after the effective date of this registration statement and the satisfaction or waiver of all other conditions under the Agreement and Plan of Merger described herein.

 
 

If the securities being registered on this form are being offered in connection with the formation of a holding company and there is compliance with General Instruction G, check the following box. o

If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. 333-273901

If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act of 1934, as amended.

       
Large Accelerated filer o Accelerated filer o
       
Non-accelerated filer x Smaller reporting company x
       
    Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. o

If applicable, place an X in the box to designate the appropriate rule provision relied upon in conducting this transaction:

Exchange Act Rule 13e-4(i) (Cross-Border Issuer Tender Offer) o

Exchange Act Rule 14d-1(d) (Cross-Border Third Party Tender Offer) o

 

 

This registration statement will become effective automatically upon filing with the Securities and Exchange Commission pursuant to Rule 462(b) under the Securities Act of 1933, as amended.

 
 
 

EXPLANATORY NOTE

Pursuant to its Registration Statement on Form S-4 (Registration No. 333-273901) (the “Prior Registration Statement”), which was declared effective on February 12, 2024, Bancorp 34, Inc., a Maryland corporation (the “Company”) registered an aggregate of 2,511,478 shares of its common stock, $0.01 par value per share (the “Common Stock”) and paid an aggregate fee of $2,744.59. The Company is filing this Registration Statement on Form S-4 pursuant to General Instruction K to Form S-4 and Rule 462(b) under the Securities Act of 1933, as amended, solely to register an additional 239,500 shares of Common Stock for issuance in connection with the consummation of the merger contemplated by the Agreement and Plan of Merger, dated April 27, 2023, as amended (the “Merger Agreement”), by and between the Company and CBOA Financial, Inc., an Arizona corporation (“CBOA”), due to an amendment to the Merger Agreement dated December 21, 2023, which increased the merger’s exchange ratio from 0.24 to 0.2628 shares of Company common stock for each share of CBOA common stock outstanding and due to an increased amount of shares of CBOA common stock outstanding related to restricted stock awards granted by CBOA prior to the merger.

STATEMENT OF INCORPORATION BY REFERENCE

This Registration Statement incorporates by reference the contents of the Prior Registration Statement, including all amendments, supplements and exhibits thereto. Additional opinions and consents required to be filed with this Registration Statement are listed on the Exhibit Index included with this Registration Statement and filed herewith.

 
 

EXHIBIT INDEX

 

     
Exhibit No.   Description of Exhibit
   
5.1*   Opinion of Nelson Mullins Riley & Scarborough LLP
   
23.1*   Consent of Nelson Mullins Riley & Scarborough LLP (included in Exhibit 5.1)
   
23.2*   Consent of Plante & Moran, PLLC
   
23.3*   Consent of Eide Bailey LLP
   
24.1**   Power of Attorney
   
107*   Calculation of Filing Fee

 

 

* Filed herewith.

 

** Set forth on the signature page of the Company’s Registration Statement on Form S-4 (File No. 333-273901) filed with the Securities and Exchange Commission on August 10, 2023.
 
 

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Scottsdale, Arizona, on the 13th day of March, 2024.

     
BANCORP 34, INC.
   
By: 

/s/ James T. Crotty

   

James T. Crotty
President and Chief Executive Officer

(Principal Executive Officer)

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on March 13, 2024.

           
Signature   Title   Date
           
By: /s/ James T. Crotty   Director, President and Chief Executive Officer   March 13, 2024
  James T. Crotty   (Principal Executive Officer)    
           
By: /s/ Kevin Vaughn    Senior Vice President and Chief Financial   March 13, 2024
  Kevin Vaughn   Officer (Principal Financial and Accounting Officer)    
           
By: *   Director   March 13, 2024
  Kevin W. Ahern        
           
By: /s/ William F. Burt   Director   March 13, 2024
  William F. Burt        
           
By: *   Director   March 13, 2024
  Spencer T. Cohn        
           
By: *   Director   March 13, 2024
  Wortham A. Cook        
           
By: *   Director   March 13, 2024
  Randal L. Rabon        
           
By: *   Director   March 13, 2024
  Elaine E. Ralls        
           
By: *   Director   March 13, 2024
  Don P. Van Winkle        
           
*By: /s/ James T. Crotty        
  James T. Crotty      
  Attorney-in-Fact        
 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘S-4MEF’ Filing    Date    Other Filings
Filed on / Effective on:3/13/24425
2/12/24EFFECT
12/21/238-K
8/10/23S-4
4/27/23
 List all Filings 


1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/11/23  Bancorp 34, Inc.                  S-4         8/10/23   29:12M                                    2ENGAGE/FA
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