BCSB Bankcorp Inc.'s second attempt to go fully public is off to a slow start.
The parent of the $616 million-asset Baltimore County Savings Bank said late Thursday that it had extended its stock offering to the general public.
Its depositors and the community bought only a third of the 1.98 million shares required to complete the offering.
BCSB went partially public in a first-step stock offering in July 1998. It announced in February 2007 that it would sell the rest of its stock in a second-step offering, but it put the plan on hold in December because of weak demand for the stock.
In its previous second-step attempt, BCSB had to sell a minimum of about 3 million shares. But it received orders for less than 600,000, despite extending the deadline by three weeks.
It has since received a lower appraisal, reducing the minimum number of shares it must sell.
