The wild fluctuations in the stock market could be both a curse and a blessing for thrifts undergoing mutual-to-stock conversions.

As gyrating market conditions decrease demand for thrift stock and reduce appraisal values, some converting thrifts have been forced to drastically cut the number of shares they planned to offer to the public.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.