WEST MILTON, Ohio -- Milton Federal Savings and Loan Association has received approval from the Office of Thrift Supervision to convert from a federally chartered mutual savings and loan association to a federally chartered capital stock savings bank.

Milton Federal Financial Corp., a new holding company, offering between 1,657,500 and 2,578,875 common shares at a price of $10 a share, said Glenn E. Aidt, the company's president and chief executive officer.

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.