PB Bankshares, Inc. - FORM S-1 - EX-5 - EXHIBIT 5 - March 12, 2021

Attached files

file filename
EX-3.2 - EXHIBIT 3.2 - PB Bankshares, Inc.tm2190061d2_ex3-2.htm
EX-99.6 - EXHIBIT 99.6 - PB Bankshares, Inc.tm2190061d2_ex99-6.htm
EX-99.3 - EXHIBIT 99.3 - PB Bankshares, Inc.tm2190061d2_ex99-3.htm
EX-99.2 - EXHIBIT 99.2 - PB Bankshares, Inc.tm2190061d2_ex99-2.htm
EX-99.1 - EXHIBIT 99.1 - PB Bankshares, Inc.tm2190061d2_ex99-1.htm
EX-23.4 - EXHIBIT 23.4 - PB Bankshares, Inc.tm2190061d2_ex23-4.htm
EX-23.2 - EXHIBIT 23.2 - PB Bankshares, Inc.tm2190061d2_ex23-2.htm
EX-21 - EXHIBIT 21 - PB Bankshares, Inc.tm219006d1_ex21.htm
EX-16 - EXHIBIT 16 - PB Bankshares, Inc.tm219006d1_ex16.htm
EX-10.6 - EXHIBIT 10.6 - PB Bankshares, Inc.tm219006d1_ex10-6.htm
EX-10.5 - EXHIBIT 10.5 - PB Bankshares, Inc.tm219006d1_ex10-5.htm
EX-10.4 - EXHIBIT 10.4 - PB Bankshares, Inc.tm219006d1_ex10-4.htm
EX-10.3 - EXHIBIT 10.3 - PB Bankshares, Inc.tm219006d1_ex10-3.htm
EX-10.2 - EXHIBIT 10.2 - PB Bankshares, Inc.tm219006d1_ex10-2.htm
EX-10.1 - EXHIBIT 10.1 - PB Bankshares, Inc.tm219006d1_ex10-1.htm
EX-8.2 - EXHIBIT 8.2 - PB Bankshares, Inc.tm219006d1_ex8-2.htm
EX-8.1 - EXHIBIT 8.1 - PB Bankshares, Inc.tm219006d1_ex8-1.htm
EX-4 - EXHIBIT 4 - PB Bankshares, Inc.tm2190061d2_ex4.htm
EX-3.1 - EXHIBIT 3.1 - PB Bankshares, Inc.tm219006d1_ex3-1.htm
EX-2 - EXHIBIT 2 - PB Bankshares, Inc.tm2190061d2_ex2.htm
EX-1.1 - EXHIBIT 1.1 - PB Bankshares, Inc.tm219006d1_ex1-1.htm
S-1 - FORM S-1 - PB Bankshares, Inc.tm219006d1_s1.htm

Exhibit 5

 

LUSE GORMAN, PC 

ATTORNEYS AT LAW 

5335 Wisconsin Avenue, NW, Suite 780 

Washington, D.C. 20015 

 

Telephone (202) 274-2000 

Facsimile (202) 362-2902 

www.luselaw.com

 

WRITER’S DIRECT DIAL NUMBER  

(202) 274-2000

 

March 11, 2021

 

Board of Directors 

PB Bankshares, Inc. 

185 E. Lincoln Highway 

Coatesville, Pennsylvania 19320

 

Re:PB Bankshares, Inc.
  Common Stock, Par Value $0.01 Per Share

 

Members of the Board:

 

You have requested the opinion of this firm as to certain matters in connection with the offer and sale of the shares of common stock, par value $0.01 per share (“Common Stock”), of PB Bankshares, Inc. (the “Company”). We have reviewed the Company’s Articles of Incorporation and its Registration Statement on Form S-1 (the “Form S-1”), the Plan of Conversion of Prosper Bank (the “Plan”), as well as applicable statutes and regulations governing the Company and the offer and sale of the Common Stock. The opinion expressed below is limited to the laws of the State of Maryland (which includes applicable provisions of the Maryland General Corporation Law, the Maryland Constitution and reported judicial decisions interpreting the Maryland General Corporation Law and the Maryland Constitution).

 

We are of the opinion that upon the declaration of effectiveness of the Form S-1, the Common Stock, when issued and sold in accordance with the Plan, will be legally issued, fully paid and non-assessable.

 

We hereby consent to our firm being referenced under the caption “Legal Matters” and to the filing of this opinion as an exhibit to the Form S-1. By giving such consent, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended.

 

  Very truly yours,
   
  /s/ Luse Gorman, PC
   
  Luse Gorman, PC