Meetinghouse Bancorp Inc., the proposed holding company for Meetinghouse Bank, will close its initial public offering on  Nov. 19, subject to satisfaction of customary closing conditions. The company’s shares of common stock are expected to be quoted on the OTC Bulletin Board the following day.

The company expects to sell 661,250 shares of common stock at $10.00 per share in its subscription offering. All valid orders submitted by the bank’s eligible account holders are expected to be filled in full. The bank’s employee stock ownership plan (ESOP) was eligible to subscribe for up to 46,287 shares but is expected to purchase only 27,700 shares due to the volume of subscriptions orders submitted by eligible account holders and supplemental eligible account holders, each of whom are accorded higher priority subscription rights than the ESOP. The ESOP intends to acquire the additional shares in the open market after closing subject to market conditions.

The subscription offering was managed by Keefe, Bruyette & Woods Inc. Kilpatrick Townsend & Stockton LLP acted as special legal counsel to both the company and the bank.