A Lawrenceville, N.J., thrift has taken a step toward shedding its mutual form of ownership, with more acquisitions in mind.

Trenton Savings Bank, with $517 million of assets, said last week that it intends to create a stock holding company to "diversify operations," among other considerations.

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.