Needham Bank Shares to Start Trading Dec. 28

Needham Bank has secured all required approvals for its initial public offering and its conversion from a mutual bank to a stock bank. The bank’s shares will start trading on the Nasdaq Capital Market on Dec. 28 under the symbol NBBK.

Everett Bank Needs to Sell More Shares to Convert

With preliminary results showing that Everett Bank has not sold enough shares to complete its initial public offering, the bank has extended the deadline for purchasing shares and adjusted the maximum purchase limits for some prospective shareholders.