Coastway Bancorp in Cranston, R.I., expects to complete its conversion to a public holding company by the close of business on Tuesday.

The $383 million-asset company will begin trading on the Nasdaq under the symbol CWAY on Jan. 15, according to a Friday press release.

The thrift announced last week plans for a $48 million common stock offering connected to the conversion. It has 11 branches in Rhode Island, according to data from the Federal Deposit Insurance Corp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.