Hoyne Bancorp receives final approvals for stock conversion; closing set for Dec. 3
Hoyne Bancorp, the proposed holding company for Hoyne Savings Bank, said all final regulatory approvals have been received for the conversion of Hoyne Savings, MHC from mutual holding company to stock form. The subscription offering and conversion are expected to close on December 3, 2025, with common stock expected to begin trading on the Nasdaq Capital Market under HYNE on December 4, 2025. The company expects 8,096,938 shares to be outstanding after the conversion, which would be the basis for shareholder ownership going forward.
- Expected closing of the subscription offering and conversion: December 3, 2025
- Expected Nasdaq Capital Market trading start under HYNE: December 4, 2025
- Company expects to sell 7,935,000 shares at $10.00 per share, including 647,755 shares for the ESOP
- Expected total of 8,096,938 shares outstanding, including 161,938 shares to Hoyne Charitable Foundation, Inc.