This feature has the latest news from the mutual bank conversion space. As of July 13, three conversions were in the pipeline.

Van Wert, Ohio-based VWF Bancorp Inc. priced its mutual-to-stock conversion between the minimum and the midpoint of the offering range. Shares are expected to begin trading July 14.

Everett, Mass.-based ECB Bancorp Inc. closed its extended conversion offering June 29.

On Jan. 28, new shares of Bronx, N.Y.-based Ponce Financial Group Inc. began trading, closing up 7.9% from the $10 second-stage conversion offering price.

Concord, N.H.-based Walden Mutual Bank filed a de novo application to establish a mutual bank. The bank expects to raise between $20 million and $30 million to begin operations.

On June 1, 2021, Elberton, Ga.-based Elberton Federal Savings & Loan Association announced a merger conversion with Watkinsville, Ga.-based Oconee Financial Corp.

Download a template showing the conversion pipeline, the market performance of recent conversions, the valuations of mutual holding companies and a list of conversion candidates.

Other conversion features

2021 mutual bank conversion year in review

Mutual bank conversion adviser rankings in 2021

Mutual conversions on the rise due to open markets, competitive pressures

Other news stories about mutuals, mutual holding companies, recent conversions and activist investors

Fed issues enforcement action against Easthampton Savings Bank

Chair of Massachusetts-based Needham Bank retiring; President/CEO to take over

Connecticut-based Ion Financial to acquire automobile lender BCI Financial

First Fed makes equity investment in Meriwether Group

We encourage reader participation and feedback to ensure these tables remain as timely and comprehensive as possible. Please forward any suggestions to ConversionNews@snl.com.