The upstate New York bank that won't be bought has turned to an erstwhile suitor to help pull off an important stock offering.

Two months after flatly rejecting three merger entreaties by Hubco - and one week after rebuffing an offer from First Empire State Corp. - MSB Bancorp agreed to sell 600,000 shares of cumulative convertible preferred to New Jersey-based Hubco as part of its stock offering to finance a major branch purchase.

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