United Community Bancorp Announces Closing of Stock Offering and Completion of
LAWRENCEBURG, Ind., Jan. 9, 2013
LAWRENCEBURG, Ind., Jan. 9, 2013 /PRNewswire/ --United Community Bancorp
(Nasdaq: "UCBA") (the "Company"), the holding company for United Community
Bank, announced today that it has completed the "second step" conversion of
United Community MHC (the "MHC") and the Company's related stock offering,
effective as of the close of business today. As a result of the closing of
the conversion and offering, the Company, an Indiana-chartered corporation, is
now the holding company for United Community Bank (the "Bank") and both the
MHC and the Bank's former mid-tier holding company, also known as "United
Community Bancorp," have ceased to exist. The results of the stock offering
were previously reported in the Company's press release dated January 8, 2013.
President and Chief Executive Officer William F. Ritzmann said, "We appreciate
the confidence that our existing and new shareholders have shown in us. We
are committed to operating a strong community bank, meeting and exceeding our
customers' needs and expectations, supporting the communities we serve, and
maintaining our focus on building shareholder value."
Beginning on January 10, 2013, the shares of Company common stock will trade
on the Nasdaq Global Market under the trading symbol UCBA.
Sandler O'Neill & Partners, L.P. acted as marketing agent for United Community
Bancorp in connection with the offering. Kilpatrick Townsend & Stockton LLP
acted as legal counsel to United Community Bancorp in connection with the
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.
The shares of common stock of 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
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