Two small thrifts here are joining the latest wave of mutual-to-stock conversions.

Workingmen's Savings Bank, which has $32 million of assets, plans to form a holding company named WSB Holding Co.

The company will offer 212,500 to 287,500 shares of common stock at $10 a share.

Spring Hill Savings Bank said it expects to file its application for a mutual-to-stock conversion with the Office of Thrift Supervision on June 30 and July 1.

The thrift has $81.5 million of assets.

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