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BCSB Bancorp reorganizes its subsidiary

BCSB Bancorp has completed the second step conversion of its subsidiary, Baltimore County Savings Bank FSB, from a mutual holding company to a stock form of organization.

As a result of the conversion and offering, BCSB Bancorp became the holding company for Baltimore County Savings Bank FSB, and Baltimore County Savings Bank MHC and BCSB Bankcorp ceased to exist.

Joseph Bouffard, president and CEO of BCSB, said: The raising of capital, in a particularly difficult economic market for financial institutions, was encouraging because it showed investor confidence in the company.