Citizens Savings completes initial stock offering.BATON ROUGE, La.--(BUSINESS WIRE)--July 17, 1995--Lee F. Nettles net·tle n. 1. Any of numerous plants of the genus Urtica, having toothed leaves, unisexual apetalous flowers, and stinging hairs that cause skin irritation on contact. 2. Any of various hairy, stinging, or prickly plants. , president of Citizens Savings and Loan Association savings and loan association, type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public. The first U.S. savings and loan association was founded in 1831. (Citizens Savings), announced today that CitiSave Financial Corp., the proposed holding company for Citizens Savings, has completed its initial stock offering in connection with Citizens Savings' conversion from mutual to stock form. 964,707 shares were sold at $10 per share. On July 6, 1995, Citizens Savings's Plan of Conversion was approved by Citizens Savings' voting members at a Special Meeting of Members. Mr. Nettles indicated that the Officers and Boards of Directors of CitiSave Financial Corp. and Citizens Savings wanted to express their thanks for the response to the stock offering and that Citizen Savings looks forward to serving the needs of its customers and new stockholders as a community based stock institution. The stock commenced trading on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX AMEX See: American Stock Exchange ) under the symbol "CZF CZF Canadian Zionist Federation CZF Zero-Forcing Chip Equalizer CzF Coderz Factory (game coding website) " on July 14, 1995. CONTACT: Citizens Savings and Loan Association, Baton Rouge Lee. F. Nettles, 504/383-4102 |
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