|Bid||12.400 x 1300|
|Ask||12.450 x 1300|
|Day's Range||12.330 - 12.450|
|52 Week Range||12.250 - 28.550|
|PE Ratio (TTM)||16.12|
|Forward Dividend & Yield||N/A (5.13%)|
|1y Target Est||N/A|
Mid-Southern Bancorp, Inc. (“Mid-Southern Bancorp”) (MSVB), announced today that it has completed the “second step” conversion of Mid-Southern, M.H.C. and Mid-Southern Bancorp’s related stock offering, effective as of the close of business today. As a result of the closing of the conversion and offering, Mid-Southern Bancorp is now the holding company for Mid-Southern Savings Bank, FSB (“Bank”). The MHC has ceased to exist. The results of the stock offering were previously reported in a press release dated July 10, 2018.
Mid-Southern Savings Bank, FSB (the “Bank”) (MSVB), announced today that it has received all approvals for the conversion of Mid-Southern, M.H.C. from the mutual holding company to the stock holding company form of organization and expects to close the related stock offering of Mid-Southern Bancorp, Inc. (“Mid-Southern Bancorp”) at the close of business on July 11, 2018. The Bank’s stock is expected to cease trading at the close of business on July 11, 2018. Mid-Southern Bancorp’s common stock is expected to trade on the Nasdaq Capital Market under the trading symbol “MSVB” beginning on July 12, 2018. A total of 2,559,871 shares of common stock are expected to be sold in the subscription offering at a price of $10.00 per share. The offering was oversubscribed by supplement eligible account holders who had a third tier priority (those depositors having a qualifying deposit that was opened after December 31, 2016 and outstanding as of March 31, 2018) in the subscription offering. Accordingly, shares will be allocated to third tier subscribers in accordance with the Plan of Conversion and Reorganization, as described in the Prospectus.
Mid-Southern Savings Bank, FSB (the “Bank”) (MSVB), and Mid-Southern, M.H.C. (the “MHC”) announced that, at separate meetings held on June 28, 2018, both the stockholders of the Bank and the members of MHC (depositors and certain borrowers of the Bank), approved the Plan of Conversion and Reorganization pursuant to which the MHC will convert from the mutual holding company to the stock holding company form of organization. The closing of the offering and conversion remains subject to customary regulatory approvals and the satisfaction of customary closing conditions. Subject to receipt of those approvals and satisfaction of those conditions, the Bank anticipates closing the transaction in early to mid-July. Final results of the offering and the anticipated closing date will be announced following receipt of all regulatory approvals to complete the transaction.
Mid-Southern Savings Bank, FSB , today announced that the Board of Directors has unanimously adopted a Plan of Conversion and Reorganization pursuant to which the Bank will reorganize from the mutual holding company structure to the stock holding company structure and will undertake a “second-step” stock offering of shares of common stock of a new state chartered corporation formed in connection with ...