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It hasn't been easy for banks to get out of loss-sharing agreements with the FDIC, but Bank of the Ozarks recently secured the most significant early-termination deal yet. It could be a sign that banks and the regulator are getting on the same page.
January 2 -
Madison Bank of Maryland in Forest Hill plans to convert from a mutual thrift to a stock-owned institution. The thrift plans to raise about $24 million as part of its conversion, using the proceeds to fund lending and increase capital levels, according to a regulatory filing.
October 6
MB Bancorp in Forest Hill, Md., has completed its mutual-to-stock conversion.
The $141 million-asset company said in a
Keefe, Bruyette & Woods was the selling agent for the subscription offering. The firm also served as financial adviser for the bank conversion.