After a contentious meeting Friday, the nation's largest mutual thrift won the right to sell stock for the first time.

Green Point Savings Bank, the $6.44 billion-asset New York City thrift, held the meeting Friday in a hotel a few blocks from its headquarters in Flushing, Queens. About 700 of its depositors came to ask questions of chairman and chief executive Thomas S. Johnson before voting on whether the thrift should be allowed to sell tip to $786 million in stock.

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