0000909654-11-000181.txt : 20110404 0000909654-11-000181.hdr.sgml : 20110404 20110404165735 ACCESSION NUMBER: 0000909654-11-000181 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110331 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110404 DATE AS OF CHANGE: 20110404 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fraternity Community Bancorp Inc CENTRAL INDEX KEY: 0001503063 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-54271 FILM NUMBER: 11736613 BUSINESS ADDRESS: STREET 1: 764 WASHINGTON BOULEVARD CITY: BALTIMORE STATE: MD ZIP: 21230 BUSINESS PHONE: 410-539-1313 MAIL ADDRESS: STREET 1: 764 WASHINGTON BOULEVARD CITY: BALTIMORE STATE: MD ZIP: 21230 8-K 1 fraternity8kmarch31-11.htm CURRENT REPORT fraternity8kmarch31-11.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) March 31, 2011
 
 
FRATERNITY COMMUNITY BANCORP, INC.
(Exact Name Of Registrant As Specified In Charter)
 
Maryland
0-54271
27-3683448
(State Or Other Jurisdiction of Incorporation)
Commission File Number
IRS Employer Identification No.
   
  764 Washington Boulevard, Baltimore, Maryland     21230
 (Address Of Principal Executive Offices)        (Zip Code)
   
(410 539-1313
(Registrant’s telephone number, including area code)
   
Not Applicable
(Former Name Or Former Address, If Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 



 

 
 

 

Item 8.01                      Other Events

On  March 31, 2011, Fraternity Community Bancorp, Inc. (the “Company”) announced that it completed its stock offering on March 31, 2011.  A total of 1,587,000 shares of common stock were sold in the subscription and community offerings at $10.00 per share.  A copy of the Company’s press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
 
Item 9.01                      Exhibits

            99.1           Press release dated March 31, 2011





 

 
 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.



  Fraternity Community Bancorp, Inc.  
       
Date:  April 4, 2011
By:
/s/ Thomas K. Sterner  
    Thomas K. Sterner  
    Chairman of the Board, Chief Executive Officer and Chief Financial Officer  
       


EX-99.1 2 fraternity8kreleasemarch31.htm fraternity8kreleasemarch31.htm
FOR IMMEDIATE RELEASE

Contact:           Thomas K. Sterner
Chairman of the Board, Chief Executive Officer and Chief Financial Officer
(410) 539-1313

Fraternity  Community Bancorp, Inc. Announces
Completion of Stock Offering in Connection with
Fraternity Federal Savings and Loan Association’s
Mutual-to-Stock Conversion

Baltimore, Maryland – March 31, 2011.  Fraternity Community Bancorp, Inc., the holding company for Fraternity Federal Savings and Loan Association, announced today that it closed its stock offering on Thursday, March 31, 2011.

Shares of Fraternity Community Bancorp common stock are expected to begin trading on Friday, April 1, 2011 on the OTC Electronic Bulletin Board under the symbol “FRTR.”

A total of 1,587,000 shares of common stock were sold in the subscription and community offerings at the price of $10.00 per share.  The offering was oversubscribed by eligible account holders of Fraternity Federal Savings and Loan Association, i.e., depositors having eligible accounts as of June 30, 2009.  Accordingly, eligible account holders had valid orders filled in accordance with the allocation procedures described in the prospectus and set forth in Fraternity Federal Savings and Loan Association’s plan of conversion.  Supplemental eligible account holders as of December 31, 2010, as well as other depositors and certain borrowers as of February 7, 2011 of Fraternity Federal Savings and Loan Association did not have their orders filled.  Stock certificates were mailed to subscribers on March 31, 2011.  Further questions regarding the conversion may be directed to Sandler O’Neill & Partners, L.P. at (800) 263 – 5216.

“On behalf of the board of directors, officers and employees of Fraternity Federal, we express our gratitude for the overwhelming support for the offering by our long-time customers. We pledge our best efforts toward the opportunities ahead, and look forward to serving the needs of the community and customers of Fraternity Federal and the new stockholders of Fraternity Community Bancorp,” said Fraternity Federal Savings and Loan Association Chief Executive Officer Tom Sterner.

The subscription offering was managed by Sandler O’Neill & Partners, L.P.  Kilpatrick Townsend & Stockton LLP acted as legal counsel to Fraternity Community Bancorp and Fraternity Federal Savings and Loan Association.

Fraternity Federal Savings and Loan Association, founded in 1913, is a federally chartered, FDIC-insured savings association.  Fraternity Federal provides financial services to individuals, families and businesses through its four offices located in Baltimore, Carroll and Howard Counties and Baltimore City in Maryland.

This news release contains certain forward-looking statements about the stock offering of Fraternity Community Bancorp.
 
The shares of common stock of Fraternity 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.