FirstFed of Kentucky Sells Stock to Public

COVINGTON, Ky. -- FirstFed Northern Kentucky Bancorp said it completed its initial public offering of 690,000 shares of common stock at $10 each.

The holding company for First Federal Savings and Loan Association of Covington said the offering was part of its conversion from a federally chartered mutual savings and loan association to a federally chartered stock savings bank.

The stock will trade on the Nasdaq system under the symbol FCVG. Proceeds from the sale will be used for general corporate purposes, including residential mortgages, the company said.

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