BankFinancial MHC, Inc. Announces Receipt of Member and Regulatory Approval to Complete Mutual-to-Stock Conversion and Related S
11 June 2005 - 7:25AM
PR Newswire (US)
BankFinancial MHC, Inc. Announces Receipt of Member and Regulatory
Approval to Complete Mutual-to-Stock Conversion and Related Stock
Offering of BankFinancial Corporation BURR RIDGE, Ill., June 10
/PRNewswire/ -- BankFinancial, F.S.B. ("BankFinancial") announced
that it has received approval from its voting depositors and
borrowers for BankFinancial MHC, Inc. to proceed with its
mutual-to-stock conversion and related stock offering of
BankFinancial Corporation, a Maryland corporation (the "Company")
that will serve as the Bank's stock holding company following the
completion of the conversion. In addition, the Company has received
approval from the Office of Thrift Supervision to complete its
stock offering at a valuation of $244,662,500, through the sale of
24,466,250 shares of common stock. Eligible account holders of
BankFinancial (depositors as of March 31, 2003) subscribed for more
shares than are being sold by the Company. Accordingly, eligible
account holders will receive either a full or partial allocation of
their valid orders in accordance with the allocation procedures set
forth in the plan of conversion and the Company's prospectus. Other
depositors and borrowers of BankFinancial will not have their
orders filled. Due to the oversubscription, processing and final
resolution of allocations has not been completed. Shares of the
Company's common stock are expected to begin trading between June
21, 2005 and June 30, 2005. The shares have been approved for
trading on the NASDAQ National Market under the symbol "BFIN." This
press release contains certain forward-looking statements about the
conversion and the related stock offering, such as the statement
regarding the anticipated date the shares of the Company's common
stock will begin trading. Forward-looking statements can be
identified by the fact that they do not relate strictly to
historical or current facts. They often include words like
"believe," "expect," "anticipate," "estimate" and "intend" or
future or conditional verbs such as "will," "would," "should,"
"could" or "may." Certain factors that could cause actual results
to differ materially from expected results include changes in
general economic conditions, legislative and regulatory changes and
changes in the securities markets. DATASOURCE: BankFinancial,
F.S.B. CONTACT: Gregg T. Adams of BankFinancial, +1-630-242-7234
Web site: http://www.bankfinancial.com/
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