Georgetown Bancorp, Inc. has completed its conversion and reorganization, converting to a stock holding company form of organization. Georgetown Bancorp, Inc., a Maryland corporation, and the new stock holding company for Georgetown Savings Bank, has sold 1.1 million shares of common stock at $10 per share, for gross offering proceeds of $11 million, in the offering.

The shares of common stock sold in the offering and issued in the exchange are expected to begin trading on the Nasdaq Capital Market on July 12 under the trading symbol "GTWND" for a period of 20 trading days and will thereafter trade as "GTWN."

Stock certificates for shares purchased in the offering are expected to be mailed to investors on or about July 11, 2012.

Georgetown Bancorp, Inc. Announces Closing of Reorganization And Stock Offering

by Banker & Tradesman time to read: <1 min
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