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Mid-Southern conversion gets shareholder, member approvals


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Mid-Southern conversion gets shareholder, member approvals

Stockholders of Salem, Ind.-based Mid-Southern Savings Bank FSB (MHC) and members of Mid-Southern MHC approved a reorganization plan in which the latter will undergo a mutual-to-stock holding company conversion.

The stockholders and members separately gave their approvals on June 28.

The offering and conversion remain subject to certain approvals. Mid-Southern Savings Bank expects the transaction to close in early to mid-July.

Prior to the closing date, Mid-Southern Savings Bank shares will continue to trade on the OTC Pink Marketplace. After the transaction closes, shares of Mid-Southern Bancorp Inc. will trade on the Nasdaq Capital Market under the same symbol, MSVB.