<SEC-DOCUMENT>0001193125-22-177568.txt : 20220621
<SEC-HEADER>0001193125-22-177568.hdr.sgml : 20220621
<ACCEPTANCE-DATETIME>20220621151914
ACCESSION NUMBER:		0001193125-22-177568
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220621
DATE AS OF CHANGE:		20220621

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ECB Bancorp, Inc. /MD/
		CENTRAL INDEX KEY:			0001914605
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-263449
		FILM NUMBER:		221027865

	BUSINESS ADDRESS:	
		STREET 1:		419 BROADWAY
		CITY:			EVERETT
		STATE:			MA
		ZIP:			02149
		BUSINESS PHONE:		(617) 387-1110

	MAIL ADDRESS:	
		STREET 1:		419 BROADWAY
		CITY:			EVERETT
		STATE:			MA
		ZIP:			02149
</SEC-HEADER>
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<TYPE>424B3
<SEQUENCE>1
<FILENAME>d367083d424b3.htm
<DESCRIPTION>424B3
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Filed Pursuant to Rule 424(b)(3) <BR> Registration No.: 333-263449 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PROSPECTUS SUPPLEMENT&nbsp;&nbsp;&nbsp;&nbsp; </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(To
Prospectus Dated May&nbsp;13, 2022) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>ECB BANCORP, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>(Proposed Holding Company for Everett <FONT STYLE="white-space:nowrap">Co-operative</FONT> Bank) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>Up to 10,637,500 shares of Common Stock </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>(Subject to increase to up to 12,333,125 shares) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
supplements the prospectus of ECB Bancorp, Inc., a Maryland corporation, dated May&nbsp;13, 2022. This prospectus supplement should be read together with the prospectus. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We are increasing the number of shares that you may purchase in the subscription offering. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">To complete the offering of our common stock, we must sell at least 7,862,500 shares ($78,625,000) of common stock, which is the minimum of
our offering range. Based on preliminary results we have not received and accepted orders for the minimum of the offering range and therefore, we are increasing the maximum purchase limitations. The ability to increase the amount of stock you wish
to purchase will be limited to persons who previously ordered the maximum number of shares in the subscription offering. Under the increased purchase limitation, you may purchase up to 55,000 shares ($550,000) individually and, together with any
associates or persons who may be acting in concert with you (as defined in the prospectus), you may purchase up to 70,000 shares ($700,000) of common stock. Your total orders, including your previous order in the initial subscription offering, must
comply with the purchase limitations set forth above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">To facilitate the sale of additional shares, we are extending the subscription
offering until June&nbsp;29, 2022, which initially closed on June&nbsp;15, 2022. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are providing those persons who submitted orders in
the initial subscription offering for the previous individual maximum purchase limit of 35,000 shares ($350,000) of common stock, and those persons who, together with associates and persons acting in concert, submitted orders in the subscription
offering for the previous in concert maximum purchase limit of 50,000 shares ($500,000) of common stock, an opportunity to increase their order. You may increase your order by submitting the enclosed supplemental stock order form, with full payment,
of immediately available funds, for the additional shares ordered at a purchase price of $10.00 per share. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Completed original
supplemental stock order forms, together with full payment of immediately available funds for the additional shares ordered, must be received by us (not postmarked) by 2:00 p.m. Eastern Time, on June&nbsp;29, 2022. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Completion of the conversion and offering remains subject to (1)&nbsp;receipt of final regulatory approvals and (2)&nbsp;the sale of at least
7,862,500 shares of common stock, which is the minimum of our offering range. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>This
investment involves a degree of risk, including the possible loss of your investment. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Please read &#147;Risk Factors&#148; beginning
on page 17 of the prospectus. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>These securities are not deposits or savings accounts and are not insured or guaranteed by the
Federal Deposit Insurance Corporation, any other government agency, or the Massachusetts Depositors Insurance Fund. </I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Neither
the Securities and Exchange Commission, the Board of Governors of the Federal Reserve System, the Massachusetts Commissioner of Banks, the Federal Deposit Insurance Corporation, nor any state securities regulator has approved or disapproved of these
securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>For assistance, please call the Stock Information Center, toll free, at (877) <FONT STYLE="white-space:nowrap">821-5783.</FONT> </B></P>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>Keefe, Bruyette&nbsp;&amp; Woods</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:12pt; font-family:Times New Roman" ALIGN="right"><B><I>A Stifel Company&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></B></P></TD>
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</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>The date of this prospectus supplement is June&nbsp;21, 2022. </B></P>
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