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0.0714285714285714 0.185714285714286 0.233333333333333 0.20952380952381 0.195238095238095 0.228571428571429 0.237142857142857 0.22952380952381
Stock impact report

NorthEast Community Bancorp, Inc. Announces Adoption of Plan of Conversion and Reorganization

NorthEast Community Bancorp, Inc. (NECB) 
Company Research Source: GlobeNewswire
WHITE PLAINS, N.Y., Nov. 04, 2020 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (OTC: NECB) (the “Company”), a majority owned subsidiary of NorthEast Community Bancorp, MHC (the “MHC”), and the parent holding company of NorthEast Community Bank (the “Bank”) announced today that its Board of Directors, together with the Boards of Directors of MHC and the Bank, have unanimously adopted a Plan of Conversion and Reorganization (the “Plan of Conversion”). Pursuant to the Plan of Conversion, the MHC will sell its majority ownership in the Company to the public and the Company, which is currently in the mutual holding company structure, will reorganize to a fully public stock holding company in a transaction commonly referred to as a “second step” conversion. As part of the second step conversion, the Bank will become a wholly owned subsidiary of a new holding company to be formed in connection with the transaction. Shares of common stock of the Company held by persons other than Show less Read more
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