WAUWATOSA – The holding company for WaterStone Bank
is launching a stock offering next week, which will raise up to
$253 million and make it a fully public company.
Wauwatosa-based Waterstone Financial Inc. is planning to offer
18.7 million to 25.3 million shares in all, according to a
company statement. It will give depositors of WaterStone Bank
the first opportunity at buying the stock that’s being offered
for $10 a share.
If there are any unsold shares after the subscription offering
to depositors, those shares will be available to the public,
according to the statement.
Lamplighter Financial MHC, the old mutual holding company, now
owns 73.5 percent of the company. Lamplighter will no longer
exist when the conversion to a fully public company concludes,
and Waterstone Financial Inc. will be the holding company for
Waterstone was formerly known as Wauwatosa Savings Bank.
WAUWATOSA – Waterstone Financial, Inc. announced Thursday it is
starting a stock offering with shares of common stock costing
It was previously announced that Waterstone Financial, the
parent company of WaterStone Bank SSB, intended to become a
The company is offering between $18.7 million and $25.3 million
shares of common stock, which represents the 73.5 percent
ownership interest in Waterstone Financial currently owned by
Lamplighter Financial, MHC, according to an announcement. The
end of the sale is anticipated for 4 p.m. Dec. 17, at which
point Lamplighter Financial, MHC, will no longer own any part of
Sandler O'Neill & Partners, L.P. is assisting Waterstone in
selling its common stock in the subscription and community