Cincinnati Bancorp, Inc.: insider trades · United States · SEC (Form 4)

About Cincinnati Bancorp, Inc.

Cincinnati Bancorp, Inc. was a U.S. financial holding company built around community banking in the Cincinnati, Ohio market, in the United States. For investors, the key takeaway is that the company’s operating franchise was Cincinnati Federal, a local banking institution focused on serving households and small businesses rather than pursuing a broad multi-state strategy. Cincinnati Bancorp was reorganized in 2020 as the stock holding company for Cincinnati Federal following a mutual-to-stock conversion, and its common stock began trading on the Nasdaq Capital Market under the symbol CNNB. ([prnewswire.com](https://www.prnewswire.com/news-releases/cincinnati-bancorp-inc-announces-closing-of-conversion-transaction-300991619.html)) From a business-model perspective, Cincinnati Bancorp fit the traditional U.S. savings-and-loan holding company profile: deposit gathering, mortgage and consumer lending, and relationship-based banking for a geographically concentrated customer base. Cincinnati Federal operated a compact branch footprint in Greater Cincinnati, including its main office in Green Township and several full-service branches in the surrounding area, plus a lending center in Milford, Ohio. That local footprint mattered strategically, because it reflected a niche competitive position based on proximity, customer relationships, and knowledge of the regional economy rather than scale. ([prnewswire.com](https://www.prnewswire.com/news-releases/cincinnati-bancorp-inc-announces-voluntary-sec-deregistration-and-nasdaq-delisting-301731979.html)) The company’s origins in its current form trace to August 2019, when Cincinnati Bancorp, Inc. was incorporated as the stock holding company for Cincinnati Federal in connection with the conversion of CF Mutual Holding Company from a mutual structure to a stock structure. The conversion closed in January 2020, and the new shares were listed on Nasdaq shortly thereafter. In other words, Cincinnati Bancorp’s public-market life was relatively short and was tied to a structural recapitalization event rather than a long history as a public operating bank holding company. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1787005/000141057822000769/cnnb-20211231x10k.htm?utm_source=openai)) In terms of products and services, Cincinnati Federal provided standard community-banking offerings: deposit accounts, residential mortgage lending, consumer lending, and business lending for local clients. The franchise’s appeal was its simplicity and local focus, not a diversified fee-income model or a large-scale national platform. That makes Cincinnati Bancorp relevant as a small-cap banking case study, but not as a bank with broad geographic diversification or complex capital markets activity. ([prnewswire.com](https://www.prnewswire.com/news-releases/cincinnati-bancorp-inc-announces-voluntary-sec-deregistration-and-nasdaq-delisting-301731979.html)) The most important recent corporate event was the January 2023 announcement that Cincinnati Bancorp would voluntarily deregister with the SEC and delist from Nasdaq, citing the costs and regulatory burden of remaining an SEC-reporting public company. The company stated that it expected to continue providing annual reports to shareholders and interim financial information on its website, but public-market visibility was materially reduced after the delisting process. For investors following SEC Form 4 insider activity, this historical context is important: Cincinnati Bancorp is a former Nasdaq-listed issuer, so any insider-transaction analysis must be interpreted through that narrower post-delist disclosure framework. ([prnewswire.com](https://www.prnewswire.com/news-releases/cincinnati-bancorp-inc-announces-voluntary-sec-deregistration-and-nasdaq-delisting-301731979.html))