A large group of former mutual thrifts could soon go on the auction block.

The 2010 passage of the Dodd-Frank Act, which merged the Office of Thrift Supervision into the Office of the Comptroller of the Currency, prompted these thrifts to convert to stockholder institutions. By law, converted mutuals must wait at least three years before they can be sold. The probation period has ended for seven former mutuals this year, and will for another 10 before yearend.

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