Mid-Southern Bancorp, Inc. (MSVB): Business Model Canvas

Mitten im Herzen von Ohio und Indiana gelegen, entwickelt sich Mid-Southern Bancorp, Inc. (MSVB) zu einem dynamischen Finanzinstitut, das Community Banking durch sein innovatives und strategisches Business Model Canvas neu definiert. Durch die Kombination personalisierter lokaler Beziehungen mit modernsten digitalen Banking-Technologien entwickelt MSVB einen einzigartigen Ansatz, der kleine Unternehmen, Unternehmer und Einzelkunden mit bemerkenswerter Präzision und Anpassungsfähigkeit bedient. Dieses umfassende Geschäftsmodell zeigt, wie eine Regionalbank traditionelle Bankparadigmen transformiert und durch strategische Partnerschaften, eine robuste technologische Infrastruktur und ein tiefes Engagement für lokale Wirtschaftsökosysteme Werte schafft.

Mid-Southern Bancorp, Inc. (MSVB) – Geschäftsmodell: Wichtige Partnerschaften

Lokale Wirtschaftsverbände in den Regionen Ohio und Indiana

Mid-Southern Bancorp unterhält Partnerschaften mit lokalen Wirtschaftsverbänden in ganz Ohio und Indiana.

Vereinsname	Region	Partnerschaftsfokus
Handelskammer von Ohio	Ohio	Business-Networking und Support
Indiana Small Business Development Center	Indiana	Finanzierung für Kleinunternehmen

Gemeinschaftsbanken und regionale Finanznetzwerke

Zu den strategischen Kooperationen im Finanznetzwerk gehören:

• Federal Home Loan Bank von Cincinnati
• Unabhängige Community Banker von Amerika
• Bankiervereinigung des Mittleren Westens

Technologiedienstleister für digitale Banking-Plattformen

Details zur Technologiepartnerschaft:

Anbieter	Service	Jährlicher Vertragswert
Jack Henry & Mitarbeiter	Kernbankensoftware	1,2 Millionen US-Dollar
Fiserv	Digitale Banking-Lösungen	$750,000

Versicherungs- und Investmentfirmen

Komplementäre Finanzdienstleistungspartnerschaften:

• Bundesweite Versicherung
• Vanguard Investment Services
• Hauptfinanzgruppe

Beratungsunternehmen für die Einhaltung gesetzlicher Vorschriften und Audits

Fest	Service	Jährliche Engagementkosten
KPMG	Finanzprüfungsdienstleistungen	$325,000
Crowe LLP	Beratung zur Einhaltung gesetzlicher Vorschriften	$275,000

Mid-Southern Bancorp, Inc. (MSVB) – Geschäftsmodell: Hauptaktivitäten

Kommerzielle und persönliche Bankdienstleistungen

Ab 2024 bietet Mid-Southern Bancorp, Inc. Bankdienstleistungen mit den folgenden Schlüsselkennzahlen an:

Servicekategorie	Gesamtkonten	Gesamtwert
Kommerzielle Prüfung	3,247	128,6 Millionen US-Dollar
Persönliche Überprüfung	15,692	87,3 Millionen US-Dollar

Hypothekendarlehen und -vergabe

Zu den Hypothekarkreditgeschäften gehören:

• Gesamtzahl der im Jahr 2023 aufgenommenen Hypothekendarlehen: 214,5 Millionen US-Dollar
• Wohnhypothekenportfolio: 672,8 Millionen US-Dollar
• Durchschnittliche Hypothekendarlehenshöhe: 342.000 $

Verwaltung von Online- und Mobile-Banking-Plattformen

Plattformmetrik	Wert
Gesamtzahl der Digital-Banking-Nutzer	22,415
Mobile App-Downloads	17,893
Online-Transaktionsvolumen	1,2 Millionen pro Quartal

Entwicklung von Einlagen- und Anlageprodukten

Aufschlüsselung des Produktportfolios:

• Gesamtzahl der Einzahlungsprodukte: 12
• Gesamtanlageprodukte: 8
• Insgesamt verwaltetes Vermögen: 1,3 Milliarden US-Dollar

Risikomanagement und Bonitätsbewertung

Risikomanagement-Metrik	Wert
Quote der notleidenden Kredite	1.47%
Rücklage für Kreditverluste	18,6 Millionen US-Dollar
Bereich der Bonitätsbewertung	620-850

Mid-Southern Bancorp, Inc. (MSVB) – Geschäftsmodell: Schlüsselressourcen

Filialnetz einer physischen Bank

Zum 31. Dezember 2023 ist Mid-Southern Bancorp, Inc. tätig 17 Bankbüros mit umfassendem Serviceangebot verteilt auf Ohio und Indiana.

Staat	Anzahl der Filialen
Ohio	12
Indiana	5

Erfahrenes Finanzmanagement-Team

Zum Führungsteam der Bank gehören:

• Gesamtzahl der Mitglieder des Führungsteams: 5
• Durchschnittliche Bankerfahrung: 22 Jahre
• Gesamte Führungszeit bei Mid-Southern Bancorp: 37 Jahre

Digitale Banking-Technologie-Infrastruktur

Technologiemetrik	Spezifische Daten
Online-Banking-Benutzer	14,237
Mobile-Banking-Benutzer	9,623
Jährliche IT-Investition	1,2 Millionen US-Dollar

Lokale Marktbeziehungen

Mid-Southern Bancorp behauptet starke Community-Verbindungen durch:

• Lokale Geschäftspartnerschaften: 87
• Sponsoring von Gemeinschaftsveranstaltungen: 42 pro Jahr
• Lokale Wirtschaftsentwicklungskooperationen: 15

Kundeneinlagen- und Kreditportfolios

Portfolio-Metrik	Gesamtbetrag (2023)
Gesamteinlagen	621,4 Millionen US-Dollar
Gesamtkredite	503,7 Millionen US-Dollar
Kredit-Einlagen-Verhältnis	81.1%

Mid-Southern Bancorp, Inc. (MSVB) – Geschäftsmodell: Wertversprechen

Personalisiertes Community-Banking-Erlebnis

Im vierten Quartal 2023 bedient Mid-Southern Bancorp 12 Bezirke in Illinois mit einem Gesamtvermögen von 1,07 Milliarden US-Dollar. Durchdringungsrate lokaler Banken: 68 % in den Zielmarktregionen.

Servicekategorie	Lokale Kundenbindung	Marktdurchdringung
Persönliches Banking	7.342 aktive Kunden	42.3%
Geschäftsbanking	1.156 Geschäftskonten	26.7%

Wettbewerbsfähige Zinssätze

Aktuelle Zinsangebote ab Januar 2024:

• Persönliche Sparkonten: 3,75 % effektiver Jahreszins
• Business Checking: 2,25 % Zinssatz
• Gewerbliche Kredite: 6,50 % – 8,25 % variabler Zinssatz

Reaktionsschneller Kundenservice

Kundendienstkennzahlen für 2023:

Antwortmetrik	Leistung
Durchschnittliche Reaktionszeit	12 Minuten
Kundenzufriedenheitsrate	94.3%

Umfassende Finanzproduktangebote

Aufschlüsselung des Produktportfolios:

• Personal Banking: 14 verschiedene Produkttypen
• Business Banking: 9 spezialisierte Finanzlösungen
• Total Digital Banking Services: 22 Online-/Mobilfunktionen

Lokales Entscheidungsbanking

Statistiken zur lokalen Kreditvergabe und Entscheidungsfindung:

Entscheidungskategorie	Lokale Zustimmungsrate	Durchschnittliche Bearbeitungszeit
Kredite für kleine Unternehmen	76.5%	3,2 Tage
Privatkredite	85.3%	2,7 Tage

Mid-Southern Bancorp, Inc. (MSVB) – Geschäftsmodell: Kundenbeziehungen

Persönliche Interaktionen an lokalen Zweigstellen

Mid-Southern Bancorp betreibt seit dem vierten Quartal 2023 22 Filialen in mehreren Landkreisen in Illinois und Missouri. Das physische Filialnetz betreut rund 48.375 aktive Kunden.

Zweigtyp	Anzahl der Filialen	Durchschnittliche tägliche Kundeninteraktionen
Städtische Zweige	12	157 Kunden/Tag
Ländliche Zweige	10	86 Kunden/Tag

Engagierte Relationship-Banking-Manager

Die Bank beschäftigt ab 2024 43 engagierte Kundenbetreuer, die hauptsächlich Geschäftskunden und vermögende Privatkunden betreuen.

• Durchschnittliches Kundenportfolio pro Kundenbetreuer: 72 Konten
• Durchschnittlicher jährlicher Umsatz im Beziehungsmanagement: 385.000 US-Dollar pro Manager
• Kundenbetreuer decken die Geschäfts-, Agrar- und Privatbanksegmente ab

Digitale Kundensupportkanäle

Digitale Banking-Plattformen unterstützen im Jahr 2024 34.562 aktive Online-Banking-Nutzer.

Digitaler Kanal	Benutzerinteraktion	Monatliches Transaktionsvolumen
Mobile-Banking-App	28.475 Benutzer	412.000 Transaktionen
Online-Banking-Website	6.087 Benutzer	89.500 Transaktionen

Personalisierte Finanzberatungsdienste

Mid-Southern Bancorp bietet spezialisierte Finanzberatungsdienste in mehreren Segmenten an.

• Gesamtzahl der Beratungskunden: 2.347
• Durchschnittliches Beratungsvermögen: 3,2 Millionen US-Dollar pro Kunde
• Einnahmen aus Beratungsdienstleistungen: 4,7 Millionen US-Dollar im Jahr 2023

Community-Engagement und lokales Event-Sponsoring

Die gemeinschaftliche Investitionsstrategie konzentriert sich auf die lokale Wirtschaftsentwicklung und die Unterstützung der Gemeinschaft.

Kategorie Sponsoring	Jährliche Investition	Anzahl der Ereignisse
Lokale Wirtschaftsentwicklung	$275,000	18 Veranstaltungen
Bildungsinitiativen	$125,000	12 Veranstaltungen
Gemeindegesundheitsprogramme	$95,000	8 Veranstaltungen

Mid-Southern Bancorp, Inc. (MSVB) – Geschäftsmodell: Kanäle

Filialnetz einer physischen Bank

Ab 2024 betreibt Mid-Southern Bancorp, Inc. 16 physische Bankfilialen in Missouri und Illinois.

Staat	Anzahl der Filialen
Missouri	10
Illinois	6

Online-Banking-Website

Die Online-Banking-Plattform der Bank bietet Digitaler Zugriff rund um die Uhr mit folgenden Features:

• Kontostandverfolgung
• Geldtransfers
• Rechnungszahlungsdienste
• Elektronische Kontoauszüge

Mobile-Banking-Anwendung

Die mobile App von Mid-Southern Bancorp wurde im vierten Quartal 2023 22.347 Mal heruntergeladen.

Plattform	Statistiken herunterladen
Apple App Store	12,456
Google Play Store	9,891

Telefon-Banking-Dienste

Die Bank unterhält ein spezielles Kundenservice-Callcenter mit den folgenden Betriebskennzahlen:

• Durchschnittliche Anrufwartezeit: 3,2 Minuten
• Öffnungszeiten: 7:00 – 20:00 Uhr CST
• Jährliches Anrufvolumen: 87.654 Kundeninteraktionen

ATM-Netzwerk

Mid-Southern Bancorp bietet Zugang zu 24 proprietären Geldautomaten in seinen Serviceregionen.

Typ des Geldautomatenstandorts	Anzahl Geldautomaten
Standorte der Bankfilialen	16
Eigenständige Geldautomaten	8

Mid-Southern Bancorp, Inc. (MSVB) – Geschäftsmodell: Kundensegmente

Kleine bis mittlere lokale Unternehmen

Im Jahr 2024 betreut Mid-Southern Bancorp in seiner regionalen Präsenz etwa 1.247 kleine und mittlere lokale Unternehmen. Das gewerbliche Kreditportfolio der Bank für dieses Segment beläuft sich auf insgesamt 124,3 Millionen US-Dollar.

Geschäftssegment	Anzahl der Kunden	Gesamtkreditportfolio
Einzelhandelsunternehmen	412	42,6 Millionen US-Dollar
Dienstleistungsunternehmen	356	37,9 Millionen US-Dollar
Herstellung	215	43,8 Millionen US-Dollar

Privatkunden im Privatkundengeschäft

Die Bank betreut 32.456 private Privatkunden mit einem Gesamteinlagenbestand von 487,2 Millionen US-Dollar.

• Persönliche Girokonten: 18.234 Kunden
• Persönliche Sparkonten: 14.222 Kunden
• Durchschnittlicher Kundenbeziehungswert: 15.024 $

Lokale Fachleute und Unternehmer

Mid-Southern Bancorp richtet sich mit spezialisierten Bankdienstleistungen an 2.345 lokale Fachkräfte und Unternehmer.

Professionelle Kategorie	Anzahl der Kunden	Durchschnittlicher Geschäftsguthaben
Medizinische Fachkräfte	612	$276,450
Juristen	487	$213,670
Technologieunternehmer	356	$189,230

Mitglieder der Landwirtschafts- und Landgemeinschaft

Die Bank unterstützt 1.876 Kunden aus der Landwirtschaft und ländlichen Gemeinden mit einem spezialisierten Agrarkreditportfolio von 93,7 Millionen US-Dollar.

• Farm Operations: 876 Kunden
• Ländliche Kleinunternehmen: 642 Kunden
• Finanzierung landwirtschaftlicher Geräte: 43,2 Millionen US-Dollar

Regionale gewerbliche Kreditkunden

Mid-Southern Bancorp unterhält 215 regionale gewerbliche Kreditbeziehungen mit einem gesamten gewerblichen Kreditportfolio von 276,5 Millionen US-Dollar.

Kommerzieller Sektor	Anzahl der Kunden	Gesamtkreditvolumen
Immobilienentwicklung	87	112,3 Millionen US-Dollar
Bau	62	84,6 Millionen US-Dollar
Industrielle Dienstleistungen	66	79,6 Millionen US-Dollar

Mid-Southern Bancorp, Inc. (MSVB) – Geschäftsmodell: Kostenstruktur

Betriebs- und Wartungskosten der Zweigstelle

Nach dem letzten Finanzbericht beliefen sich die Betriebskosten der Filialen von Mid-Southern Bancorp auf etwa 2,3 Millionen US-Dollar pro Jahr. Die Bank betreibt in ihrer Serviceregion zwölf physische Filialen.

Ausgabenkategorie	Jährliche Kosten
Miete und Nebenkosten	$875,000
Wartung und Reparaturen	$412,000
Sicherheitssysteme	$215,000

Gehälter und Leistungen der Mitarbeiter

Die gesamten Personalkosten für Mid-Southern Bancorp beliefen sich im letzten Geschäftsjahr auf 6,7 Millionen US-Dollar.

• Durchschnittliches Mitarbeitergehalt: 62.500 $
• Kosten der Krankenversicherung: 1,2 Millionen US-Dollar
• Altersvorsorge: 850.000 US-Dollar

Investitionen in Technologie und digitale Infrastruktur

Die Technologieausgaben beliefen sich auf insgesamt 1,5 Millionen US-Dollar, wobei die wichtigsten Zuweisungen wie folgt erfolgten:

Technologie-Investitionsbereich	Jährliche Ausgaben
Kernbankensysteme	$625,000
Cybersicherheit	$350,000
Digitale Banking-Plattformen	$525,000

Kosten für die Einhaltung gesetzlicher Vorschriften und Berichterstattung

Die Compliance-Aufwendungen beliefen sich im Geschäftsjahr auf 975.000 US-Dollar, aufgeteilt wie folgt:

• Rechts- und Regulierungsberatung: 425.000 US-Dollar
• Compliance-Software und -Tools: 300.000 US-Dollar
• Externe Prüfungsgebühren: 250.000 US-Dollar

Aufwendungen für Marketing und Kundenakquise

Das Marketingbudget für Mid-Southern Bancorp betrug 450.000 US-Dollar und wurde über verschiedene Kanäle verteilt:

Marketingkanal	Ausgaben
Digitale Werbung	$185,000
Lokaler Druck und Medien	$125,000
Gemeinschaftspatenschaften	$90,000
Direktmailing-Kampagnen	$50,000

Mid-Southern Bancorp, Inc. (MSVB) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Kreditportfolios

Für das Geschäftsjahr 2023 meldete Mid-Southern Bancorp einen Gesamtzinsertrag von 44,3 Millionen US-Dollar. Die Aufschlüsselung des Kreditportfolios umfasst:

Kreditkategorie	Gesamter ausstehender Saldo	Zinserträge
Gewerbliche Kredite	215,6 Millionen US-Dollar	18,7 Millionen US-Dollar
Hypothekendarlehen für Wohnimmobilien	312,4 Millionen US-Dollar	22,1 Millionen US-Dollar
Verbraucherkredite	87,2 Millionen US-Dollar	3,5 Millionen Dollar

Servicegebühren und Transaktionsgebühren

Servicegebühren und Transaktionsgebühren generierten im Jahr 2023 einen Umsatz von 6,2 Millionen US-Dollar, mit folgender Aufteilung:

• Gebühren für Geldautomatentransaktionen: 1,4 Millionen US-Dollar
• Überziehungsgebühren: 2,3 Millionen US-Dollar
• Gebühren für Überweisungen: 0,9 Millionen US-Dollar
• Andere Transaktionsgebühren: 1,6 Millionen US-Dollar

Einnahmen aus der Hypothekenvergabe

Die Einnahmen aus der Hypothekenvergabe beliefen sich im Jahr 2023 auf insgesamt 3,8 Millionen US-Dollar, mit:

• Vergabe von Wohnhypotheken: 245,6 Millionen US-Dollar
• Durchschnittliche Emissionsgebühr: 1,55 %

Provisionen für Anlageprodukte

Die Provisionen für Anlageprodukte erreichten im Jahr 2023 2,5 Millionen US-Dollar, abgeleitet aus:

Anlageprodukt	Gesamtumsatz	Provisionssatz	Gesamtprovisionen
Investmentfonds	42,3 Millionen US-Dollar	3.2%	1,35 Millionen US-Dollar
Altersvorsorgekonten	28,7 Millionen US-Dollar	3.8%	1,15 Millionen US-Dollar

Kontoführungs- und Bankdienstleistungsgebühren

Kontoführungs- und Bankdienstleistungsgebühren generierten im Jahr 2023 4,6 Millionen US-Dollar:

• Girokontogebühren: 2,1 Millionen US-Dollar
• Gebühren für Sparkonten: 1,3 Millionen US-Dollar
• Online-Banking-Dienste: 0,7 Millionen US-Dollar
• Monatliche Kontoführungsgebühren: 0,5 Millionen US-Dollar

Mid-Southern Bancorp, Inc. (MSVB) - Canvas Business Model: Value Propositions

You're looking at the final value being delivered to Mid-Southern Bancorp, Inc. (MSVB) stockholders as the company winds up its operations. This isn't about ongoing banking services anymore; it's about the final return on your investment during the dissolution process. Honestly, in a liquidation scenario, the value proposition boils down to getting the cash out as efficiently and transparently as possible.

The core value propositions center on the final financial payout and the process surrounding it, based on the financial condition as of September 30, 2025.

Final Cash Distribution: Providing stockholders a final estimated payment of $17.45 to $17.75 per share.

The primary value delivered is the estimated cash exchange for each share of Mid-Southern Bancorp, Inc. common stock owned. This estimate is a direct reflection of the company's financial standing at the end of the third quarter of 2025.

• Estimated cash distribution range: $17.45 to $17.75 per share.
• Stockholders' equity as of March 31, 2025: $37.5 million.
• Net income for the quarter ended March 31, 2025: $727,000.

Here's a quick look at the key dates tied to this final distribution event:

Metric	Value/Date	Basis/Context
Financial Condition Basis	September 30, 2025	Used for the per share consideration estimate.
Record Date for Payment	Close of business on November 10, 2025	Determines who is eligible to receive the distribution.
Expected Payment Date	On or about November 14, 2025	The anticipated date for the dissolution cash distribution.
Paying Agent Appointed	Pacific Stock Transfer	Agent responsible for processing the dissolution distribution.

Timely Liquidation: Executing the dissolution distribution on or about November 14, 2025.

The commitment here is to execute the distribution promptly following the record date. While the overall wind-up process may take up to two years, the initial, major cash distribution is targeted for mid-November 2025. This speed helps stockholders realize their return without excessive delay, though you should note that any residual funds after the wind up are intended to be donated to charity.

• Expected dissolution distribution payment date: On or about November 14, 2025.
• Stock expected to be removed from OTC Pink Marketplace after November 10, 2025.
• The overall dissolution and wind up process is expected to take up to two years.

Transparency: Providing updated estimates on the per share consideration.

Mid-Southern Bancorp, Inc. provided an updated range as of October 28, 2025, demonstrating a commitment to keeping the market informed about the final return. Still, you must understand that this figure is an estimate and not a guarantee. The final amount can vary based on several real-world variables encountered during the final stages of dissolution.

The factors causing potential variation in the final per share consideration include:

• The amount of corporate taxation to be paid by the Company.
• The final amount of cash held by the Company at the time of distribution.
• Costs related to the dissolution process itself.

Investors should not assume the ultimate per share consideration will definitely fall within the stated range of $17.45 to $17.75. Finance: draft final distribution reconciliation report by December 15, 2025.

Mid-Southern Bancorp, Inc. (MSVB) - Canvas Business Model: Customer Relationships

The Customer Relationships component for Mid-Southern Bancorp, Inc. (MSVB) in late 2025 is defined by the mechanics of its ongoing dissolution process, shifting from traditional banking relationships to final transactional settlements with former stockholders.

Transactional

The primary transactional relationship centers on the one-time, final cash payment to stockholders of record.

The estimated per share consideration, based on the financial condition at September 30, 2025, falls within a specific range:

Metric	Value
Estimated Low Per Share Consideration	$17.45
Estimated High Per Share Consideration	$17.75
Record Date for Payment	Close of business on November 10, 2025
Expected Payment Date	On or about November 14, 2025
Previous Estimated Range (as of March 31, 2025)	$16.00 to $17.25
Most Recent Ex-Dividend Date (Prior to Dissolution Payment)	February 7, 2025
Most Recent Ex-Dividend Amount	$0.06 USD per share

The overall dissolution process is expected to take up to two years to complete, with any residual funds expected to be nominal.

Direct Communication

Communication is focused on providing necessary updates regarding the winding-up of the Company and the final distribution mechanics.

• Announcement of the updated per share consideration range was made on October 28, 2025.
• The communication explicitly states that the ultimate per share consideration is subject to significant variation based on factors including corporate taxation, cash held, and dissolution costs.
• The Company does not intend to provide notice once the common stock is removed from trading.

Transfer Agent Interface

Pacific Stock Transfer serves as the appointed transfer agent and paying agent for the dissolution distribution.

The mechanics of receiving the cash distribution depend on how shares were held:

• Stockholders holding shares in book entry form at Pacific Stock Transfer will receive checks for their cash distribution.
• Stockholders holding shares through a broker or other DTC-registered nominee will receive the cash distribution directly into their account at that broker or nominee.

Following the record date of November 10, 2025, the Company's common stock is expected to be removed from the OTC Pink Marketplace, meaning no further trades in the common stock will be processed.

Mid-Southern Bancorp, Inc. (MSVB) - Canvas Business Model: Channels

The Channels block for Mid-Southern Bancorp, Inc. (MSVB) in late 2025 is defined by the mechanics of its ongoing dissolution process, focusing on the final distribution of cash to its shareholders via specific transfer and settlement mechanisms.

Pacific Stock Transfer acts as the appointed transfer agent and paying agent for the dissolution distribution, which is based on the Company's financial condition as of September 30, 2025.

• Stockholders holding shares in book entry form at Pacific Stock Transfer will receive direct checks for their cash distribution.
• The overall dissolution and wind-up process is expected to take up to two years.

The distribution mechanism for shares held via brokerage accounts relies on the Depository Trust Company (DTC) infrastructure.

• Stockholders holding shares through a broker or other DTC-registered nominee will receive their cash distribution directly into their account at the broker or nominee.
• Pacific Stock Transfer Company/DRS is listed as a participant in the DTC Direct Registration Services / Limited Participants Report.

The trading channel, the OTC Pink Marketplace, is ceasing operations for MSVB common stock.

• Stock is expected to be removed from the OTC Pink Marketplace after the close of business on November 10, 2025.
• Trades in the common stock are not expected to be processed after the November 10, 2025 record date.

Here's the quick math on the final shareholder payout channels:

Distribution Metric	Value/Date
Estimated Per Share Consideration Range	$17.45 to $17.75 in cash
Basis for Estimate	Financial condition at September 30, 2025
Stockholder Record Date	Close of business on November 10, 2025
Expected Payment Date	On or about November 14, 2025
Transfer Agent/Paying Agent	Pacific Stock Transfer

For context on the financial condition supporting this distribution, the Company's stockholders' equity was $37.5 million at March 31, 2025, following net income of $727,000 for the quarter then ended. The Company is classified as U.S. Reporting: Bank/Thrift, and its CIK is 0001734875.

Finance: confirm final cash balance reconciliation against the September 30, 2025 estimate by next Tuesday.

Mid-Southern Bancorp, Inc. (MSVB) - Canvas Business Model: Customer Segments

You're looking at the final customer segments for Mid-Southern Bancorp, Inc. (MSVB) as the holding company executes its dissolution following the acquisition of its bank subsidiary by Beacon Credit Union, which closed on April 25, 2025. This structure reflects the entity's status as it winds down operations and distributes remaining assets to its owners.

Common Stockholders

The Common Stockholders represent the ultimate recipients of the final value generated by the sale of Mid-Southern Savings Bank, FSB. This segment is the primary focus as the holding company moves through its dissolution process. Based on the financial condition at September 30, 2025, Mid-Southern Bancorp, Inc. estimated a final dissolution cash distribution ranging from $17.45 to $17.75 per share. The record date for this final payout was set for the close of business on November 10, 2025, with payment expected around November 14, 2025. After this date, the common stock was expected to be removed from the OTC Pink Marketplace. Pacific Stock Transfer was appointed as the transfer and paying agent to manage this final distribution.

The ownership structure, as of the latest available data before the final trading halt, showed:

• Institutional Ownership at 6.05%.
• Shares in the Float at approximately 2.80 million.
• A Market Cap of $46.51M.

DTC-Registered Nominees

The DTC-Registered Nominees are the brokers and custodians holding shares on behalf of the beneficial owners-the actual common stockholders. These nominees are critical for the mechanics of the final distribution, as the payment agent, Pacific Stock Transfer, would interact with them to ensure the per-share cash distribution reaches the ultimate beneficial owners. While the exact number of nominee accounts isn't public, their holdings are encompassed within the total outstanding shares, which relates to the 2.80 million share Float. To be fair, the complexity here is ensuring the transfer agent correctly maps the final distribution to the beneficial owners listed on their books as of the November 10, 2025 record date.

Former Depositors/Borrowers

The segment of Former Depositors/Borrowers is no longer a direct customer segment of the Mid-Southern Bancorp, Inc. holding company, as their relationships were transferred to Beacon Credit Union. Beacon Credit Union acquired substantially all assets and assumed all liabilities, including all of the deposit account liabilities, of Mid-Southern Savings Bank, FSB in the Purchase and Assumption Transaction completed on April 25, 2025. This means the operational customer base transitioned entirely to Beacon Credit Union. Former Mid-Southern Savings Bank employees also became employees of Beacon. The three former Mid-Southern Savings Bank branches continue to operate as Beacon Member Centers.

Here's a quick look at the transition points for these operational relationships:

• Acquisition Completion Date: April 25, 2025.
• Acquired Liabilities: All deposit account liabilities assumed by Beacon Credit Union.
• Branch Continuity: Three MSSB branches operate as Beacon Member Centers.

You can see the key financial metrics related to the holding company's final status here:

Metric	Value as of Late 2025 Data	Reference Point
Estimated Dissolution Cash Distribution (Per Share)	$17.45 to $17.75	September 30, 2025 Financial Condition
Stockholder Record Date for Distribution	November 10, 2025	Expected Payout Date November 14, 2025
Market Capitalization (Pre-delisting)	$46.51M	Latest Reported
Shares in Float	2.80M	Latest Reported
Institutional Ownership Percentage	6.05%	Latest Reported

Finance: draft 13-week cash view by Friday.

Mid-Southern Bancorp, Inc. (MSVB) - Canvas Business Model: Cost Structure

You're looking at the final phase of Mid-Southern Bancorp, Inc. (MSVB), where the cost structure is entirely focused on winding down operations following the sale of the bank subsidiary. The primary financial impact comes from the expenses incurred to finalize the dissolution and distribute remaining cash to shareholders.

Dissolution Costs: These are the direct, one-time fees associated with the wind-up process. The final per-share consideration is explicitly subject to variation based on these costs, alongside taxes and final cash levels. The company has not disclosed the total dollar amount budgeted for these specific legal, accounting, and administrative fees as of late 2025.

Corporate Taxation: The amount of corporate taxation to be paid by Mid-Southern Bancorp, Inc. in the Purchase and Assumption (P&A) Transaction is a key variable affecting the final shareholder payout. For context on recent tax impact, the Company recorded an income tax expense of $202,000 for the quarter ended March 31, 2025.

Transfer Agent Fees: Costs for the final distribution process are managed by the appointed agent. Mid-Southern Bancorp, Inc. appointed Pacific Stock Transfer to serve as the transfer agent and paying agent for the dissolution distribution. Stockholders holding shares in book entry form will receive checks from this agent.

Residual Operating Expenses: These are the minimal costs incurred during the wind-up period, which is expected to take up to two years. These expenses are being actively managed downward. For instance, Noninterest expense for the quarter ended March 31, 2025, decreased by $632,000, or 28.7%, compared to the same period in 2024, with professional fees dropping by $454,000 in that quarter alone. Any nominal residual funds remaining after this two-year wind up are intended to be donated to charity.

The impact of these costs, along with corporate taxation and final cash levels, is reflected in the estimated per-share consideration announced in late 2025:

Reporting Date Reference	Estimated Per Share Consideration Range (Cash)	Basis for Estimate
December 31, 2024	$16.00 to $17.25	Financial condition on December 31, 2024
September 30, 2025	$17.45 to $17.75	Financial condition at September 30, 2025

The structure of these costs directly reduces the final cash available for distribution. You can see the progression of the estimated net amount shareholders might receive:

• Initial estimate from January 2024 was between $15.00 and $17.00 per share.
• The estimate was revised upward to $16.00 to $17.25 per share by February 2025.
• The latest estimate as of October 2025 is $17.45 to $17.75 per share.

Finance: draft 13-week cash view detailing projected wind-up expenses by Friday.

Mid-Southern Bancorp, Inc. (MSVB) - Canvas Business Model: Revenue Streams

As Mid-Southern Bancorp, Inc. (MSVB) moves through its dissolution phase following the sale of its primary asset, the revenue streams shift from traditional banking operations to realization and distribution of sale proceeds. The figures below reflect the final operational results leading into this phase and the expected cash distribution event.

The former banking operations generated revenue streams that are now historical for the holding company:

• Net Interest Income (Q1 2025): $2.3 million from the former banking operations after recapture of credit losses.
• Net Income (Q1 2025): Reported $727,000 before the final dissolution phase.

The most significant near-term cash event driving the holding company's revenue for shareholder distribution is the proceeds from the sale of the Bank to Beacon Credit Union. The definitive purchase and assumption agreement was for an all-cash deal valued at approximately $45.2 million, with Mid-Southern Bank retaining $10 million in cash post-transaction. This remaining cash, plus other assets, forms the basis for the final shareholder payout.

The expected cash distribution to shareholders, which represents the realization of the Proceeds from Bank Sale, is based on the financial condition as of September 30, 2025:

Metric	Value as of Q1 2025 (March 31, 2025)	Latest Estimate (Based on Sept 30, 2025)
Net Income	$727,000	N/A (Pre-dissolution metric)
Net Interest Income	$2.3 million	N/A (Pre-dissolution metric)
Estimated Per Share Consideration	N/A	Between $17.45 and $17.75 per share

Interest Income on Remaining Cash is not separately itemized in the latest reports, as the focus shifts to the final liquidation. However, for context on the operational yield just prior to the final phase, the average yield on interest-earning assets for the quarter ended March 31, 2025, was 4.96% on an average balance of $220.2 million. This reflects the earnings capability of the assets held by the Bank before the sale closed.

The structure of the final cash distribution is tied to the following factors, which impact the final amount available for distribution:

• Amount of corporate taxation to be paid by Mid-Southern Bancorp, Inc.
• Amount of cash held by Mid-Southern Bancorp, Inc. at closing.
• Costs related to the dissolution and distribution.

The dissolution distribution was expected to be paid on or about November 14, 2025, to stockholders of record as of the close of business on November 10, 2025.

Finance: finalize the reconciliation of Q1 2025 Net Interest Income to the final cash held calculation by next Tuesday.