REIDSVILLE, N.C. - First Savings Bank of Rockingham County said it effected its conversion from mutual to stock form with the completion of its 948,386 common share public offering.

In a press release, First Savings Bank said its holding company, FirstSavings Financial Corp., issued the shares at $10 each.

The company said it will use the proceeds for corporate purposes, primarily the origination of residential real estate loans.

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