Press Release

SIDNEY FEDERAL SAVINGS AND LOAN ASSOCIATION ANNOUNCES COMPLETION OF INITIAL PUBLIC STOCK OFFERING AND MUTUAL-TO-STOCK CONVERSION

Sidney, Nebraska, July 26, 2018 – Sidney Federal Savings and Loan Association (the “Association”) announced today that it completed its initial public stock offering and mutual-to-stock conversion on July 26, 2018. The shares of the Association’s common stock are expected to be quoted on the OTC Pink Marketplace operated by OTC Markets Group on Friday, July 27, 2018 under the ticker symbol “SFSA.”

The Association sold 132,250 shares of common stock, representing the adjusted maximum of the offering range, at $10.00 per share, for gross offering proceeds of $1,322,500.  Certificates reflecting the shares purchased in the offering are expected to be mailed no later than July 27, 2018.

FIG Partners, LLC acted as selling agent in the subscription and community offering, and served as financial advisor to the Association in connection with the conversion.  Luse Gorman, PC served as legal counsel to the Association.  Reinhart Boerner Van Deuren s.c. acted as legal counsel to FIG Partners, LLC in connection with the conversion and stock offering.

Forward-Looking Statements

This press release contains certain forward-looking statements about the offering.  Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts.  They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”  Forward-looking statements, by their nature, are subject to risks and uncertainties.  Certain factors that could cause actual results to differ materially from expected results include the Association’s ability to maintain higher regulatory capital levels as imposed by the Office of the Comptroller of the Currency (the “OCC”) and otherwise comply with its memorandum of understanding with the OCC; fiscal and monetary policies of the U.S. Government; changes in government regulations affecting financial institutions, including regulatory compliance costs and capital requirements; changes in prevailing interest rates; credit risk management; asset-liability management; and other risks described in the Association’s filings with the OCC.