Stone Bancorp, the holding company of Mocksville Savings Bank, converted from a mutual to a stock company and began trading on the American Stock Exchange April 1. The stock of the $85 million-asset company closed that first day at $17.50, up from the offering price of $15 a share, according to SNL Securities. Gross proceeds from the offering were $27.4 million, SNL reported.

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.