LA GRANGE, Ill. -- La Grange Federal Savings and Loan Association said it completed its conversion from a mutual to a stock company

For the conversion, the thrift's newly formed holding company, LGF Bancorp, sold 1,851,500 shares of common stockat $10 each in a subscription and community offering. The offering was managed by Capital Resources Inc., a Washington investment banking firm specializing in thrift conversions.

LaGrange Federal has $392 million in assets and four offices in the southwest Chicago suburbs.

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