NASDAQ, WSBF - Waterstone Financial
Introduction
Waterstone Financial, Inc. was formed in October 2005 as the mid-tier
stockholding company subsidiary of Lamplighter Financial, MHC, as part of the
reorganization of WaterStone Bank into mutual holding company form. WaterStone
Bank was converted from a mutual to a stock savings bank as part of our
reorganization. In connection with the reorganization, the Company sold 30% of
its common stock in a subscription offering, contributed 1.65% of its common
stock to a charitable foundation, and issued the remaining 68.35% of its common
stock to Lamplighter Financial, MHC. As a result of the reorganization, the
Company owns all of the stock of WaterStone Bank and Lamplighter Financial, MHC
owned 68.35% of the common stock of the Company. In this report, we refer to
WaterStone Bank, both before and after the reorganization, as ?WaterStone Bank?
or the ?Bank. ...
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