BCSB Bankcorp, the holding company for Baltimore County Savings Bank, has extended the termination date for the subscription and community offering until April 2, 2008, in order to give potential purchasers an opportunity to consider the impact of BCSB's recent announcement of the termination of the supervisory agreement by the Office of Thrift Supervision.
BCSB Bancorp, the proposed new holding company for the bank, is in the process of raising additional capital through a second step conversion from its current mutual holding company structure to a 100% publicly owned company.
BCSB Bancorp is currently offering for sale between 1.9 million and 2.6 million shares of common stock at a purchase price of $10 per share. Sandler O’Neill & Partners and Sterne, Agee & Leach are assisting BCSB in selling its common stock in the offering.
The completion of the conversion and offering is subject to, among other things, the approval of the members of Baltimore County Savings Bank and the stockholders of BCSB Bankcorp and the receipt of final regulatory approvals.