I need a list of Mutual Savings Banks in the US that have converted to stock
savings banks with an IPO of stock in the last 12 months.  

If possible, I would like to know the 1st week price, 2nd week price
and the 2nd month price.
I need to know by this Sunday 5/30.

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Request for Question Clarification by pafalafa-ga on 27 May 2004 04:46 PDT

Chrischron,

There's often a lag time of at least a few months between the time a
company announces an IPO, and the time they actually begin trading
shares.

Since you asked about share prices, it sounds as if you're only
interested in companies that are already trading.  Is this the case,
or would you like to know about mutual banks (if there are any) that
have announced an IPO, but haven't begun trading yet?

Thanks.

pafalafa-ga

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Clarification of Question by chrischron-ga on 27 May 2004 07:47 PDT

Thanks for your reply. Mutual Savings Banks are converting stock
savings accounts through an IPO. They usually begin the initial stock
offering of common stock at $10.00 a share.   I want to determine if
there is a trend that they go up or down 1st week, 2nd week or in
about 2 months.  So I'd be interested in the amount they increase or
decrease so I can determine if this is a good investment.   So yes, I
am only interested in companies that have already been converted
through an IPO.    Hope this helps. After this question I plan to post
again to determine the book value compared to the price of the IPO on
the day of the offering.  Maybe if anyone can find it the book value
and the tangible book value.  I'm new to posting...

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Request for Question Clarification by pafalafa-ga on 27 May 2004 09:56 PDT

Chris,

I think you'll have a hard time discerning recent trends, because
there simply don't seem to be many mutual banks that have lately made
the conversion to a public company trading stock.

The closest example I've found is Bank Mutual Corporation which trades
as BKMU.  But this was a convoluted IPO and probably not
representative of what you're looking for.

A pretty good overview of mutuals converting to stock -- who has done
it, and why -- can be found in this slide show, here:

http://www.americascommunitybankers.com/mutuals/documents/cohen_ho.ppt

Please have a look at it -- you'll see there appear to be only a
handful of such activities in the past decade -- and let me know how
you would like researchers to proceed on your question.

Thanks.

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Clarification of Question by chrischron-ga on 27 May 2004 23:15 PDT

Thank you.  You gave me what I needed.  Now I just have to figure out
how to end the search and get you paid...

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Clarification of Question by chrischron-ga on 27 May 2004 23:17 PDT

How do I end the search so youget paid?? Help

Chris,

You don't have to do anything in particular...I just have to post an
answer to youre question.  So I'm repeating my earlier information
below, to make it "official".

Thanks for accepting it as an answer, and best of luck with your
future research and your investments.

pafalafa-ga

==========

I think you'll have a hard time discerning recent trends, because
there simply don't seem to be many mutual banks that have lately made
the conversion to a public company trading stock.

The closest example I've found is Bank Mutual Corporation which trades
as BKMU.  But this was a convoluted IPO and probably not
representative of what you're looking for.

A pretty good overview of mutuals converting to stock -- who has done
it, and why -- can be found in this slide show, here:

http://www.americascommunitybankers.com/mutuals/documents/cohen_ho.ppt

Please have a look at it -- you'll see there appear to be only a
handful of such activities in the past decade -- and let me know how
you would like researchers to proceed on your question.

==========

If you would like any additional information on this topic, just let
me know by posting a Request for Clarification, and I'll be happy to
look into it.

pafalafa-ga

great researcher -