United Community in Indiana to Complete Conversion

by Chris Cumming

JAN 8, 2013 2:46pm ET

United Community Bancorp (UCBA) in Lawrenceburg, Ind., has completed the stock offering for its second-step conversion.

The $504 million-asset company said in a press release that it expects to become a fully public company on Thursday. United Community sold more than 3 million shares of common stock for $8 each, including nearly 200,000 shares purchased by the bank's employee stock plan.

United Community extended its stock offering on Dec. 28 after receiving insufficient orders; it completed the offering later that day. The company first announced plans to convert in 2011.

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(Image: Thinkstock)