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Pioneer Bank reorganizing into mutual holding company

Pioneer Bank reorganizing into mutual holding company

July 11, 2019 10:45 AM

Depositors have approved a reorganization of Pioneer Bank into a mutual holding company.    

Pioneer expects to issue 11 million shares of stock on the NASDAQ Capital Market starting next week under the trading symbol PBFS.       

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Around 500,000 shares of stock and $250,000 cash will be donated to the Pioneer Bank Charitable Foundation.

Credits

WNYT staff

Copyright 2019 WNYT-TV LLC, a Hubbard Broadcasting Company. All rights reserved

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