United Community in Indiana to Complete Conversion

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.

For reprint and licensing requests for this article, click here.
Community banking
MORE FROM AMERICAN BANKER