Stock Conversion

 
News Articles for Stock Conversion top ^
Ben Franklin Financial, Inc. (the “Company”) (OTCBB: BFFI), the holding company for Ben Franklin Bank (the “Bank”), announced today that the Board of Directors of the Company, together with the Board of Directors of Ben Franklin Financial, MHC (the “MHC”), has unanimously adopted a Plan of Conversion and Reorganization pursuant to which the Bank will reorganize from the two-tier 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 holding company formed in connection with the conversion.
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Anworth Mortgage Asset Corporation (NYSE: ANH) announced that in accordance with the terms of Anworth’s 6.25% Series B Cumulative Convertible Preferred Stock, or Series B Preferred Stock, the conversion rate of the Series B Preferred Stock will increase from 4.0919 shares of Anworth’s common stock to 4.1519 shares of its common stock effective October 1, 2014.
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Stock Conversion
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