Brief: Northeast Community Bancorp Announces Adoption Of Plan Of Conversion And Reorganization

Northeast Community Bancorp

04/11/2020 14:34

Nov 4 (Reuters) - Northeast Community Bancorp Inc  NECB.PK :
    * NORTHEAST COMMUNITY BANCORP, INC. ANNOUNCES ADOPTION OF
PLAN OF
CONVERSION AND REORGANIZATION
    * NORTHEAST COMMUNITY BANCORP INC -  PURSUANT TO PLAN OF
CONVERSION, MHC WILL SELL ITS MAJORITY OWNERSHIP IN COMPANY TO
PUBLIC AND COMPANY
    * NORTHEAST COMMUNITY BANCORP - IN SECOND STEP CONVERSION,
BANK
WILL BECOME UNIT OF NEW HOLDING CO TO BE FORMED IN CONNECTION
WITH DEAL
    * NORTHEAST COMMUNITY BANCORP INC - REGULATORY APPROVAL OF
DEAL
ANTICIPATED IN Q2 OF 2021

Source text for Eikon:  ID:nGNX4wd5Yc 
Further company coverage:  NECB.PK 

 ((Reuters.Briefs@thomsonreuters.com;))