Westbury Bank in West Bend, Wis., aims to raise as much as $46.8 million and convert to full stock ownership from a mutual holding structure.

Shares of common stock in Westbury Bancorp will be offered at $10 per share in a subscription and community offering, the $546 million-asset company said in a filing with the Securities and Exchange Commission. It will sell between 3 million and 4.6 million shares of common stock.

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