|
|
Article: Abington bank owners toss plan for holding company: Abington Community Bancorp surprised investors by announcing it would sell the stock to the public.
- Article from:
- The Philadelphia Inquirer (Philadelphia, PA)
- Article date:
- December 2, 2006
CopyrightCOPYRIGHT 2006 The Philadelphia Inquirer. 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)
|
Byline: Joseph N. DiStefano
Dec. 2--Shares of Abington Community Bancorp jumped 23 percent Thursday to a record $19.48 after the Jenkintown-based owner of Abington Savings Bank surprised investors by announcing plans to scrap the depositor-owned mutual holding company that owns a majority of its shares, and sell the stock to the public. Following Thursday's rise, Abington dropped 11 cents in Nasdaq trading yesterday, to $19.37. While the conversion plan comes "sooner than we expected," other recent mutual stock sales, such as the sale by Fox Chase Savings Bank last summer, have fetched "extremely strong" prices, James C. Record, an analyst at Stern Agee in ...
Related newspaper, magazine, and journal articles:
|
|
Article: Abington Community Bancorp, Inc. Announces Record ...
Business Wire;
February 10, 2005 ;
700+ words
...JENKINTOWN, Pa. -- Abington Community Bancorp, Inc. (the "Company") (Nasdaq:ABBC ... into a mutual holding company and the stock offering by Abington Community Bancorp, and today we are announcing the highest net ...
|
|