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.
Around 500,000 shares of stock and $250,000 cash will be donated to the Pioneer Bank Charitable Foundation.
Credits
WNYT staff
Updated: July 11, 2019 10:45 AM
Created: July 11, 2019 04:38 AM
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