CINCINNATI, Jan. 9, 2015 /PRNewswire/ -- MW Bancorp, Inc. (the "Company"), the proposed holding company for Mt. Washington Savings Bank (the "Bank"), announced preliminary results of the stock offering conducted in connection with the Bank's mutual-to-stock conversion. The Company received orders for 876,163 shares of its common stock in the offering, including 70,093 shares of common stock to be purchased by the Bank's Employee Stock Ownership Plan.
The stock offering was conducted pursuant to the Plan of Conversion (the "Plan"), and the other terms and conditions outlined in the Company's prospectus dated November 12, 2014. The Plan has been approved by the members of the Bank at a special meeting held on December 22, 2014. The closing of the conversion and offering remain subject to confirmation of the Company's independent appraisal and receipt of final regulatory approvals. The Company anticipates closing the conversion and offering as soon as practicable following the receipt of these approvals.
This press release contains certain forward-looking statements about the conversion and stock offering. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may". Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include delays in consummation of the offering, increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the securities markets, and legislative and regulatory changes that could adversely affect the business in which the Company and the Bank are engaged.
A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission. This press release is neither an offer to sell nor a solicitation of an offer to buy common stock. The offer is made only by means of the written prospectus forming part of the registration statement.
The shares of common stock are not savings accounts or savings deposits, may lose value and are not insured by the Federal Deposit Insurance Corporation or any other government agency.
SOURCE MW Bancorp, Inc.