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Article: Twin City Federal completes initial stock offering.
- Article from:
- Business Wire
- Article date:
- January 5, 1995
CopyrightCOPYRIGHT 1995 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)--Jan. 5, 1995--Thad R. Bowers, President and Chief Executive Officer of Twin City Federal Savings Bank ("Twin City Federal"), announced today that Twin City Bancorp, Inc., the proposed holding company for Twin City Federal, has completed its initial stock offering in connection with Twin City Federal's conversion from mutual to stock form. 898,404 shares were sold at $10.00 per share.
On Dec. 20, 1994, Twin City Federal's Plan of Conversion was approved by Twin City Federal's voting members at a Special Meeting of Members.
Mr. Bowers indicated that the officers and boards of directors of Twin City ...