Coastway in R.I. Sets Conversion Date

By Sarah Todd January 13, 2014, 11:50 a.m. EST 1 Min Read

Community banking

Coastway in R.I. to Sell $48.3M of Stock in Conversion

Coastway Bancorp in Cranston, R.I., is planning to raise roughly $48.3 million in its conversion to a 100% stock-owned company.

By Chris Cumming

January 9
Community banking

Investors in N.J. Getting Closer to Second-Step Conversion

Investors Bancorp (ISBC) in Short Hills, N.J., is set to complete its purchase of Gateway Community Financial in Sewell, N.J., next week.

By Sarah Todd

January 3

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.

Sarah Todd

Deputy Editor, BankThink

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