Xylex Mangulabnan

This feature has the latest news from the mutual bank conversion sector. As of May 27, three conversions were in the pipeline. On May 22, shares of PSB Financial Inc. began trading, closing up 5.0% from the IPO price of $10. PSB's mutual-to-stock conversion offering was oversubscribed in Tier 1 and priced at the supermax. Fair Lawn, New Jersey-based Columbia Financial Inc.; Poughkeepsie, New York-based Rhinebeck Bancorp Inc.; and Bethel, Ohio-based CSB Financial Inc.

This feature has the latest news from the mutual bank conversion sector. As of April 29, four conversions were in the pipeline. Shares of Carteret, New Jersey-based URSB Bancorp Inc. began trading March 27, closing up 7.0% from the $10 offering price. According to the prospectus, many of the one- to four-family, multifamily, commercial and industrial (C&I), and consumer loans at URSB Bancorp unit United Roosevelt Savings Bank have been purchased rather than originated internally. As of Sept.