Eagle Bancorp Montana Inc. of Helena said Monday it completed the second step of its conversion from a mutual to a stock company.

The company sold 2.46 million shares of common stock at $10 a share, for gross proceeds of $24.6 million. In a filing with the Securities and Exchange Commission, Eagle said the capital may be used to finance acquisitions and organic growth.

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.