Closing of American Bancorp of New Jersey, Inc. Stock Offering
October 05 2005 - 4:21PM
Business Wire
American Bancorp of New Jersey, Inc. (NASDAQ: ABNJ) (the
"Company"), the holding company of American Bank of New Jersey (the
"Bank"), announced today that it completed its stock offering in
connection with the second-step conversion of American Savings, MHC
from the mutual holding company form of organization to a full
stock corporation. American Bancorp of New Jersey, Inc. sold
9,918,750 shares of its common stock in the Conversion at $10.00
per share. In addition, each share of common stock held by the
public stockholders of ASB Holding Company, the former middle-tier
stock holding company, has been converted into 2.55102 shares of
common stock of American Bancorp of New Jersey, Inc., resulting in
an aggregate of 4,250,892 exchange shares. Accordingly, American
Bancorp of New Jersey, Inc. has 14,169,642 total shares
outstanding. Shares of American Bancorp of New Jersey, Inc. will
begin trading on October 6, 2005 on the NASDAQ National Market
under the symbol "ABNJ." The foregoing information contains
forward-looking statements concerning our plans, objectives,
expectations, estimates and intentions. We caution that such
statements are subject to a number of uncertainties and actual
results could differ materially, and, therefore, readers should not
place undue reliance on any forward-looking statements. We do not
undertake, and specifically disclaim, any obligation to update any
forward-looking statement, whether written or oral, that may be
made from time to time by or on behalf of us.
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