Community Federal Bancorp expects to raise $46.3 million in a public offering as part of its plan to convert to a public company.

The parent of Community Federal Savings and Loan Association awaits approval from the Office of Thrift Supervision to sell 4.63 million shares at $10 each.

Community Federal, which had $162 million of assets and a net worth of $23.4 million as of Sept. 30, would trade on the Nasdaq market under the symbol CFTP.

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