Mid-Southern Bancorp, Mid-Southern Savings Bank, FSB and Beacon Credit Union announce regulatory approvals and expected closing date of purchase and assumption agreement

SALEM– March 13, 2025: Mid-Southern Bancorp, Inc. (the “Company”) (OTC Pink: MSVB), the holding company for Mid-Southern Savings Bank, FSB (the “Bank”), and Beacon Credit Union today announced that the parties have received all required regulatory approvals in order to close their previously announced Purchase and Assumption Transaction (“P&A Transaction”).

The parties anticipate closing the P&A Transaction on April 25, 2025, subject to the satisfaction of customary closing conditions.

About Mid-Southern Bancorp, Inc. and Mid-Southern Savings Bank, FSB

Mid-Southern Bancorp, Inc. is the holding company of Mid-Southern Savings Bank, FSB, which
is a federally chartered savings bank headquartered in Salem, Indiana, approximately 40 miles
northwest of Louisville, Kentucky. The Bank conducts business from its main office in Salem and
through its branch offices located in Mitchell and Orleans, Indiana, and loan production offices
located in New Albany, Indiana, and Louisville, Kentucky.