Fraternity Federal Savings and Loan Association to convert to stock entity

Baltimore mutual plans to sell stock

September 16, 2010|By Hanah Cho, The Baltimore Sun

Baltimore's Fraternity Federal Savings and Loan Association announced Thursday that it will covert itself from a mutual to a stock entity.

The association's board unanimously approved the plan to sell shares of stock in the conversion offering.

Fraternity Federal had total assets of $168 million as of June 30.

hanah.cho@baltsun.com

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