The second step conversion will be subject to approval of the Bank's depositors, the Company's shareholders (including the approval of a majority of the shares held by persons other than the MHC) and regulatory agencies.The reorganization and offering will have no impact on the normal business operations of the Bank and will not affect the terms or conditions of any deposit or loan accounts held by customers. Deposit accounts will continue to be insured by the Federal Deposit Insurance Company to the full extent allowed by the law.
United Community Bancorp Adopts Plan Of Conversion And Reorganization
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