John Donald Steele, Jr. Reports 11.9% Stake in Steele Bancorp Inc Following Merger

On April 30, 2026, John Donald Steele, Jr. filed a Schedule 13D reporting a significant new ownership stake in Steele Bancorp Inc (STLE). Steele acquired 406,630 shares of Common Stock, representing 11.9% of the company's outstanding shares. The acquisition resulted from a merger between Northumberland Bancorp and Steele Bancorp Inc, where Steele received the shares in exchange for his holdings in Northumberland Bancorp. John Donald Steele, Jr. serves as the Chairman of the Board of Directors for the Issuer and its subsidiary, Central Penn Bank & Trust. According to the filing, the reporting person holds sole voting and dispositive power over all 406,630 shares. The transaction was a direct result of the merger agreement rather than an open-market purchase. This filing marks a major position for Steele in the newly merged entity, positioning him as a key individual stakeholder and insider within the organization. No other contracts or arrangements regarding the securities were reported in the filing.