On April 27, 2023, Mid-Southern Bancorp Inc announced that it has filed a definitive proxy statement with Securities and Exchange Commission, stating that it has received a shareholder proposal from J David Rosenberg, asking the Company to engage an investment banking firm experienced in community bank mergers and acquisitions to guide the Company in promptly taking steps to merge or sell Mid-Southern on terms that will maximize stockholder value. In addition, the Company recommended the shareholders to vote against the proposal at the annual meeting of shareholders scheduled to be held on May 24, 2023.