8-K - Quaint Oak Bancorp, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Quaint Oak Bank, a subsidiary of Quaint Oak Bancorp, Inc., received notification on March 30, 2026, that the FDIC and Pennsylvania Bureau of Bank Supervision terminated their May 2025 Consent Orders related to the Bank's Bank Secrecy Act compliance program.

Key Takeaways

1The FDIC and Pennsylvania Bureau terminated Consent Orders issued on May 15, 2025, against Quaint Oak Bank on March 30, 2026.

2The Consent Orders were primarily related to the Bank's Bank Secrecy Act compliance program.

3The Bank resolved the Consent Orders within approximately ten months through substantial enhancements to its compliance framework.

4The remediation included financial crime management and third-party risk oversight improvements that strengthened the Company's control environment.

5The Company's short-term financial performance was adversely affected by the significant resources dedicated to meeting the Consent Order requirements.

6With remediation completed, the Company has resumed full focus on executing its strategic initiatives.

Current Report Details

Event Type

Other Event

Exhibits Only

Disclosure

Voluntary

Variant

8-K

Items Reported

8.01

.** **Other Events.** On March 30, 2026, Quaint Oak Bank (the “Bank”), a wholly owned subsidiary of Quaint Oak Bancorp, Inc. (the “Company”), received notificat

Other Event

9.01

| | Financial Statements and Exhibits. | |---|---|---| | (a) | | Not applicable. | | | | | | (b) | | Not applicable. | | | | | | (c) | | Not applicable. | | | |

Exhibits Only

Source Document

Exhibits (3)

8-K

FORM 8-K

99.1

EXHIBIT 99.1

99.2

EXHIBIT 99.2