Lexington First Federal Savings Bank, Lexington, Tenn., is going public and changing its charter.

The thrift's proposed holding company, Community National Corp., has sold 486,617 shares at $10 each as part of its second-step stock conversion. Shares of the $29 million-asset company are to begin trading over the counter on Dec. 11.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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