K-Fed Bancorp in Covina, Calif., said Friday that it plans to offer additional shares of common stock to convert from a mutual holding company to a full stock company.

Established in 2003, K-Fed Mutual Holding Co. holds 66.7% of the outstanding stock in the $893 million-asset K-Fed Bancorp, the parent company of Kaiser Federal Bank. The conversion, which is subject to regulatory approval, is expected to be completed in the fourth quarter.

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