The Bank, in accordance with the plan of conversion and reorganization as adopted by the Boards of Directors of each of the Melrose Parties (the “Plan”), intends to convert from the mutual form of organization to the stock holding company form of organization (the “Conversion”). Pursuant to the Plan, the Holding Company will offer and sell up to 2,990,000 shares (subject to increase up to 3,438,500 shares) of its common stock, $0.01 par value per share (the “Shares”), in a subscription offering. Source: Filing, Valuation Filing
Thrift Conversion
