Cheviot Financial (CHEV) Shareholders Approve Plan of Conversion and Reorganization
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Cheviot Financial Corp. (Nasdaq: CHEV) announced that its shareholders and the members of Cheviot Mutual Holding Company (depositors of Cheviot Savings Bank) have approved the Plan of Conversion and Reorganization providing for the second-step conversion of Cheviot Mutual Holding Company and the related stock offering.
In addition, as previously announced, Cheviot Financial Corp., a Maryland corporation, expects to commence a syndicated community offering in early January to sell shares of common stock not subscribed for in the subscription offering or the community offering. Stifel, Nicolaus & Company, Incorporated is acting as sole book-running manager for the syndicated community offering. The syndicated community offering will be conducted on a best efforts basis and none of the members of the syndicate group are required to purchase any shares in the offering.
In addition, as previously announced, Cheviot Financial Corp., a Maryland corporation, expects to commence a syndicated community offering in early January to sell shares of common stock not subscribed for in the subscription offering or the community offering. Stifel, Nicolaus & Company, Incorporated is acting as sole book-running manager for the syndicated community offering. The syndicated community offering will be conducted on a best efforts basis and none of the members of the syndicate group are required to purchase any shares in the offering.
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