LAKEWOOD, Colo. - The holding company that owns most of First Federal Savings Bank of Colorado has filed for permission to convert to stock form.

First Savings Capital owns 65.83% of the thrift's outstanding stock.

Market value of the thrift and the holding company was estimated at $190 million.

Accordingly, under an application filed with the Office of Thrift Supervision, $64.9 million of stock would be issued to current shareholders of the thrift and $125 million of stock would be offered to eligible buyers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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