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Article: Monadnock Bancorp, Inc. Concludes Subscription and Community Offerings Portion of Second Step Conversion Offering and Initiates a Syndicated Community Offering.
- Article from:
- PR Newswire
- Article date:
- June 15, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PETERBOROUGH, N.H., June 15 /PRNewswire-FirstCall/ -- Monadnock Bancorp, Inc. (the "Company") (MNCK.OB), the proposed holding company for Monadnock Community Bank, announced that the subscription and community offerings portion of the second step conversion offering of the Company concluded on June 13, 2006. The Company and Ryan Beck & Co., Inc., marketing agent for the offering, are in the process of tabulating final orders.
The Company estimates that it has received orders in the subscription and community offerings for approximately $3.9 million of common stock. As previously contemplated, the Company has authorized Ryan Beck & Co., Inc. to conduct a ...