United Community Bancorp Announces Completion Of Community Offering
LAWRENCEBURG, Ind., Dec. 28, 2012
LAWRENCEBURG, Ind., Dec. 28, 2012 /PRNewswire/ -- United Community Bancorp
(Nasdaq: "UCBA") (the "Company") announced today that United Community
Bancorp, an Indiana corporation, the proposed successor holding company to the
Company in connection with the Company's pending conversion from mutual
holding company to stock holding company form ("new United Community"), has
received orders to purchase common stock sufficient to complete the conversion
and has therefore terminated the community offering. The conversion and
offering are expected to be completed during the week of January 7, 2013. The
closing of the transaction is subject to the satisfaction of customary closing
United Community Bancorp is the holding company of United Community Bank,
headquartered in Lawrenceburg, Indiana. United Community Bank currently
operates eight offices in Dearborn County and Ripley County, Indiana.
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, 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 the Company and United Community Bank
A registration statement relating to these securities has been filed with the
United States Securities and Exchange Commission. This press release is
neither an offer to sell nor a solicitation of an offer to buy common stock.
The offer will be made only by means of the written prospectus forming part of
the registration statement.
The shares of common stock of new United Community Bancorp are not savings
accounts or savings deposits, may lose value and are not insured by the
Federal Deposit Insurance Corporation or any other government agency.
SOURCE United Community Bancorp
Contact: William F. Ritzmann, President and Chief Executive Officer, United
Community Bancorp, +1-812-537-4822
Press spacebar to pause and continue. Press esc to stop.