Clifton Savings Bancorp (CSBK) in Clifton, N.J., received orders for more than $170 million of common stock in a subscription offering tied to its second-step conversion.

The $1.1 billion-asset company said it expects to complete the offering and its conversion to a stock company in early April. Based on the offering's results, Clifton said it will not conduct community, syndicated or firm commitment public offerings.

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