NARA · Narragansett Financial Corp, the mutual holding company parent of…

Narragansett Financial Corp, the mutual holding company parent of BayCoast Bank, filed a Schedule 13D disclosing a 55.0% controlling stake in Narragansett Bancorp, Inc. following a two-tier mutual holding company reorganization effective November 2, 2026. The filing states no plans for any extraordinary corporate transaction, board changes, or other control-altering actions, making this a structural ownership filing rather than an activist campaign.

• Narragansett Financial Corp owns 11,638,000 shares of Narragansett Bancorp common stock, representing 55.0% of outstanding shares as of November 2, 2026.
• The shares were issued in connection with a reorganization of BayCoast Bank and Narragansett Financial Corp into a two-tier mutual holding company structure, effective November 2, 2026.
• No cash consideration was paid by the reporting person for the shares.
• The reporting person explicitly disclaims any current plans for a merger, sale of assets, board changes, dividend policy changes, delisting, or other extraordinary transactions.