This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

FedFirst Financial Corporation Announces Intention To Extend Offering And Obtain Updated Appraisal

FedFirst Financial Corporation (Nasdaq: FFCO), holding company for First Federal Savings Bank, announced today that it intends to seek an extension of time to complete the stock offering being conducted in connection with its reorganization from the two-tier mutual holding company structure to the stock holding company structure. The Company intends to obtain an updated independent appraisal and to complete the offering thereafter. In accordance with Office of Thrift Supervision regulations, the amount of stock to be sold in the offering is based on an independent appraisal of the Company.

The offering is being conducted by the new holding company for First Federal Savings Bank – a newly formed state chartered corporation also named FedFirst Financial Corporation – in connection with the second-step conversion of First Federal Savings Bank.

In accordance with regulatory requirements, all persons who submitted orders in the subscription and community offerings will have their subscriptions cancelled and funds returned with interest or deposit holds released. After obtaining an updated appraisal, FedFirst Financial Corporation intends to conduct a resolicitation of orders from the persons who previously subscribed to purchase shares in the offering. The precise timing and manner of the resolicitation have not yet been determined. Upon finalization of the revised appraisal and related regulatory reviews, resolicitation offering materials will be mailed to subscribers. Completion of the second-step conversion and offering remain subject to final approvals by the Office of Thrift Supervision, and are expected to occur in the third quarter of 2010. More specific information on the resolicitation process and the timing of the completion of the offering will be made public when available.

FedFirst Financial Corporation is the parent company of First Federal Savings Bank, a community-oriented financial institution operating nine full-service branch locations in southwestern Pennsylvania. First Federal Savings Bank offers a broad array of retail and commercial lending and deposit services and provides commercial and personal insurance services through Exchange Underwriters, Inc., its 80% owned subsidiary.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
FFCO $23.00 -0.43%
AAPL $113.92 0.56%
FB $90.65 -0.40%
GOOG $632.89 0.40%
TSLA $252.65 1.70%

Markets

Chart of I:DJI
DOW 16,595.37 -47.64 -0.29%
S&P 500 1,984.72 -4.15 -0.21%
NASDAQ 4,820.1020 -8.2230 -0.17%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs