Burlington County bank nearing IPO
Delanco Bancorp Inc. said today it has completed its offering of stock to its depositors and certain borrowers. They ordered a total of 735,626 shares.
Delanco Bancorp Inc. said today it has completed its offering of stock to its depositors and certain borrowers. They ordered a total of 735,626 shares.
The final number of shares to be issued by the Burlington County company depends on confirmation of the orders. It said that should be determined within 10 business days, and the ticker symbol for the shares will then be announced.
The stock sale is part of Delanco's conversion to a publicly traded company from a mutal holding company. It is the parent of Delanco Federal Savings Bank, which has two banking offices.
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