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KBW's Mutual Conversions Department provides the full range of investment banking services necessary to take a mutual thrift through the conversion process to a public company. Our services include education, planning and facilitation, all computer processing, execution of the sale of stock to the bank's customers, tabulation of proxy votes for depositor approval, and robust aftermarket support as a primary market maker for the new issue. The stock sale process is completed by KBW representatives either onsite at the bank or in a centralized processing center. Additionally, we have committed significant resources to the development of proprietary software to facilitate the process.

We sustain long-term client relationships in order to begin the education process well in advance of a client's decision to proceed with a conversion. Subsequent to a successful offering, we advise clients regarding capital management strategies and growth opportunities.

We have ranked No. 1 in terms of number of conversion transactions many times since 1992, having completed over 300 transactions and raising more than $25.8 billion.

Click to view our Conversion Allocations.

Contact Pat McJoynt, Robin Suskind, or Harold Hanley for more information.

Select Transactions (more)

01/13/16 Central Federal Bancshares, Inc. Standard Conversion $17.2
01/08/16 PB Bancorp, Inc. Second Step Conversion $36.3
10/20/15 New Bancorp, Inc. Standard Conversion $7.0
10/15/15 Cincinnati Bancorp, Inc. MHC Conversion $7.7
07/17/15 MSB Financial Corp. Second Step Conversion $37.7
07/09/15 Equitable Financial Corp. Second Step Conversion $15.9