CFSB Bancorp, Inc. (CFSB)

6.68 -0.32 (-4.61%) At close: 04:00PM EDT

CFSB Bancorp, Inc.

15 Beach Street
Quincy, MA 02170
United States
617 471 0750
https://colonialfed.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 29

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Michael E. McFarland	President, CEO & Director	378.69k	N/A	1954
Ms. Susan Shea	Treasurer & COO	285.06k	N/A	1958
Ms. Tracy L. Wilson	Corporate Secretary & Independent Director	27.86k	N/A	1970

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

CFSB Bancorp, Inc. focuses on operating as a holding company for Colonial Federal Savings Bank that provides various financial services to individuals and small businesses. It accepts various deposits, including non-interest-bearing checking accounts, interest-bearing checking accounts, money market accounts, savings accounts, and certificates of deposit. The company offers one- to four-family residential real estate loans, multi-family real estate loans, commercial real estate loans, second mortgage loans, home equity lines of credit, and consumer loans. In addition, it invests in various types of investment grade investment securities and liquid assets comprising the U.S. treasury obligations, securities of various government-sponsored enterprises, corporate debt, mortgage-backed securities, collateralized mortgage obligations, asset-backed securities, municipal obligations, mutual funds, and certificates of deposit of federally insured institutions. Further, it offers online and mobile banking, and online bill pay services. The company operates through three full-service banking offices and one limited-service branch office in Norfolk County, Massachusetts. The company was founded in 1889 and is based in Quincy, Massachusetts. CFSB Bancorp, Inc. is a subsidiary of 15 Beach, MHC.

Corporate governance

CFSB Bancorp, Inc.’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.