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.