CEDARBURG, Wis. -- Ozaukee Savings Bank said that its newly formed holding company, First Ozaukee Capital Corp., completed its stock offering in connection with a conversion from mutual to stock ownership,

First Ozaukee's members approved the conversion in September and on Oct. 21, 603,345 shares of First Ozaukee's shares were sold for $8 per share.

The holding company and the savings bank plan to use the net proceeds of the stock offering for general corporate purposes.

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.