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NorthEast Community Bancorp, Inc. Announces Completion of Second-Step Conversion and Subscription Offering


Nachrichtenquelle: globenewswire
 |  13.07.2021, 00:13  | 
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WHITE PLAINS, N.Y., July 12, 2021 (GLOBE NEWSWIRE) NorthEast Community Bancorp, Inc., a Maryland corporation (the “Company”) (NasdaqCM: NECB), announced today that it has completed its
“second-step” conversion pursuant to which NorthEast Community Bancorp, MHC has converted to the stock holding company form of organization. The Company, the new stock holding company for NorthEast
Community Bank (the “Bank”), sold 9,784,077 shares of common stock at $10.00 per share, for gross offering proceeds of $97.8 million in its subscription offering.  
Concurrent with the completion of the conversion and reorganization, shares of common stock of NorthEast Community Bancorp, Inc., a federally chartered corporation and the former parent company for ....

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