SI Financial Group, Inc. to Commence Second-Step Conversion and Stock Offering
New
The shares will be offered in a subscription offering first to depositors of
Savings Institute will establish a
At the conclusion of the conversion and offering, shareholders of
The second-step conversion must be approved by a majority of the votes eligible to be cast by members of
Holders of at least two thirds of the outstanding shares of common stock of the Company and the holders of the majority of the outstanding shares of the common stock of the Company other than the shares held by
Completion of the conversion and offering is subject to, among other things, the receipt of final regulatory approvals.
This press release contains certain forward-looking statements about the conversion and offering. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include delays in consummation of the conversion and offering, difficulties in selling the common stock or in selling the common stock within the expected time frame, increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the securities markets, and legislative and regulatory changes that could adversely affect the business in which
A registration statement relating to these securities has been filed with the
New
The shares of common stock of new
President and CEO
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