Mid-Southern Savings Bank, FSB Announces Completion of its Odd-Lot Tender Offer
19 Junio 2008 - 11:37AM
Business Wire
Mid-Southern Savings Bank, FSB (�Mid-Southern� or �Bank�)
(OTCBB:MSVB) today announced that its odd-lot tender offer for the
purchase of all shares of its common stock held by persons owning
99 or fewer shares as of the close of business on February 28, 2008
expired at 5:00 p.m., Eastern Standard Time, on Friday, June 13,
2008. In connection with the odd-lot tender offer, the Bank has
accepted for purchase 2,155 shares of its common stock from
tendering shareholders. The Bank will pay $18.00 for each share
purchased, and payment for the shares tendered will be made
promptly. Resulting in part from the shares purchased in this
odd-lot tender offer, Mid-Southern estimates that it now has fewer
than 300 shareholders of record, which is required in order for the
Bank to qualify to de-register its common stock and cease being a
reporting company under the Securities and Exchange Act of 1934, as
amended. About Mid-Southern Savings Bank, FSB Mid-Southern is a
federally chartered stock savings bank headquartered in Salem,
Indiana, with branches in nearby communities of Orleans and
Mitchell. Mid-Southern has served the financial needs of Washington
County, Indiana and the contiguous counties since 1886.
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