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BFIN BankFinancial Corporation

10.37
0.00 (0.00%)
Pre Market
Last Updated: 09:09:39
Delayed by 15 minutes
Share Name Share Symbol Market Type
BankFinancial Corporation NASDAQ:BFIN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.37 4.18 16.48 0 09:09:39

BankFinancial MHC, Inc. Announces Receipt of Member and Regulatory Approval to Complete Mutual-to-Stock Conversion and Related S

10/06/2005 10:25pm

PR Newswire (US)


BankFinancial (NASDAQ:BFIN)
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BankFinancial MHC, Inc. Announces Receipt of Member and Regulatory Approval to Complete Mutual-to-Stock Conversion and Related Stock Offering of BankFinancial Corporation BURR RIDGE, Ill., June 10 /PRNewswire/ -- BankFinancial, F.S.B. ("BankFinancial") announced that it has received approval from its voting depositors and borrowers for BankFinancial MHC, Inc. to proceed with its mutual-to-stock conversion and related stock offering of BankFinancial Corporation, a Maryland corporation (the "Company") that will serve as the Bank's stock holding company following the completion of the conversion. In addition, the Company has received approval from the Office of Thrift Supervision to complete its stock offering at a valuation of $244,662,500, through the sale of 24,466,250 shares of common stock. Eligible account holders of BankFinancial (depositors as of March 31, 2003) subscribed for more shares than are being sold by the Company. Accordingly, eligible account holders will receive either a full or partial allocation of their valid orders in accordance with the allocation procedures set forth in the plan of conversion and the Company's prospectus. Other depositors and borrowers of BankFinancial will not have their orders filled. Due to the oversubscription, processing and final resolution of allocations has not been completed. Shares of the Company's common stock are expected to begin trading between June 21, 2005 and June 30, 2005. The shares have been approved for trading on the NASDAQ National Market under the symbol "BFIN." This press release contains certain forward-looking statements about the conversion and the related stock offering, such as the statement regarding the anticipated date the shares of the Company's common stock will begin trading. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate" and "intend" or future or conditional verbs such as "will," "would," "should," "could" or "may." Certain factors that could cause actual results to differ materially from expected results include changes in general economic conditions, legislative and regulatory changes and changes in the securities markets. DATASOURCE: BankFinancial, F.S.B. CONTACT: Gregg T. Adams of BankFinancial, +1-630-242-7234 Web site: http://www.bankfinancial.com/

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