WASHINGTON -- Federal regulators have agreed for the first time to allow a mutual thrift to give depositors free stock as the institution converts to public ownership.

The deal could prompt a wave of mutual thrift conversions as depositors -- lured by stock giveaways -- pressure mutuals to go public.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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