Valuations for mutual-to-stock conversions are falling and now is the time to purchase deeply discounted shares. And, for the first time, SNL's Conversion Candidates List includes a complete list of conversion candidate branches. With 52 institutions newly accepting out-of-state deposits, let SNL show you exactly where to go to begin your exciting journey.
| 2008 Conversions | Type | Price to pro forma book value (%)* |
| Danvers Bancorp, Inc. | Standard | 83.7 |
| Meridian Interstate Bancorp, Inc. | Mutual Holding Co. | 74.0 |
| Cape Bancorp, Inc. | Standard | 73.2 |
| Sound Financial, Inc. | Mutual Holding Co. | 72.8 |
| BCSB Bancorp, Inc. | Second Stage | 61.8 |
| William Penn Bancorp, Inc. | Mutual Holding Co. | 56.4 |
| Average price/book for all exchange-traded thrifts as of 4/30/08. | 104.5 | |
SNL's Thrift Conversion Candidates List also gives you:
- The 711 thrifts eligible to convert, including those likely to convert in 12 to 24 months.
- Detailed account requirements, including SNL's out-of-state and mail-in survey results.
- The minimum amount required to open a CD or passbook savings account.
- Contact information and relevant financial data.
- A list of each institution’s branches, including street addresses.
To order or to learn more about all of SNL's conversion products, contact SNL Sales at sales@snl.com; 434.951.7797.