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WCF Bancorp closes 2nd-stage conversion

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WCF Bancorp closes 2nd-stage conversion

WCF Bancorp Inc. on July 13 completed the public related to the of , which occurredthe same day.

As expected,WCF Bancorp Inc. sold 2,139,231 common shares at $8 per share for gross offeringproceeds of about $17.1 million. The common shares should start being traded onthe Nasdaq Capital Market on July 14 under the trading symbol WCFB.

Webster City FederalBancorp (MHC)'s shares ceased trading at the close of business July13. Publicly held common shares of Webster City FederalBancorp were converted into rights to receive 0.8115 share of WCF Bancorp commonstock.