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Article: Twin City Federal Savings Bank conversion to stock form approved.
- Article from:
- Business Wire
- Article date:
- November 18, 1994
CopyrightCOPYRIGHT 1994 Business Wire. 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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BRISTOL, Tenn.--(BUSINESS WIRE)--Nov. 18, 1994--Thad R. Bowers, president and chief executive officer of Twin City Federal Savings Bank ("Twin City Federal" or the "Savings Bank"), Bristol, announced Friday that Twin City Federal has received approval from the Office of Thrift Supervision in Washington, D.C., to convert from a federally chartered mutual savings bank to a federally chartered stock savings bank.
In connection with the conversion, the Twin City Federal has formed a company, Twin City Bancorp Inc., to serve as the holding company of Twin City Federal.
Under the plan of conversion, Twin City Bancorp Inc. is offering up to 1,035,000 ...