If anyone is interested in demutualization opportunities, Jacksonville Bancorp has filed an S-1 to offer shares of common stock for sale and so has Peoples Federal Bancshares. If I have the time I am definitely going to look at these.
I also just finished reading the transcript of Geoff Gannon’s recent show on how he goes about estimating a bank’s intrinsic value. It’s definitely worth a read.
Here’s another that I just saw–a “second step” offering.
ALBANY, Ga.–(BUSINESS WIRE)–Heritage Financial Group (NASDAQ: HBOS), the mid-tier holding company for HeritageBank of the South, today announced that it has adopted a plan to reorganize from a two-tier mutual holding company to a full stock holding company and will undertake a “second-step” offering of additional shares of common stock. The conversion and offering is expected to be completed in the third quarter of 2010, subject to regulatory, stockholder and depositor approvals.
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100319005091&newsLang=en