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.