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LaPorte Bancorp, Inc.
Holds First Annual Meeting of Stockholders;
Informally Discusses Stock Repurchases With the Office of Thrift Supervision
La Porte, Indiana – (May 9, 2008). LaPorte Bancorp, Inc. (the “Company”) (NASDAQ Capital Market: LPSB), the parent company of The LaPorte Savings Bank (the “Bank”) announced today the results of its first Annual Meeting of Stockholders, which was held on May 6, 2008. At the meeting, the Company’s stockholders elected Lee A Brady, Paul G. Fenker and Ralph F. Howes to serve on the Board of Directors, each for a three year term. Each of these individuals were incumbent members of the Company’s Board of Directors. The Company’s stockholders also ratified the appointment of Crowe Chizek and Company LLC as the Company’s independent registered public auditing firm for the year ending December 31, 2008.
To view a PDF version of this press release in its entirety, please click here.
LaPorte Bancorp, Inc.
Announces Regulatory Approval To
Consummate Its Stock Offering And Merger
La Porte, Indiana - (October 12, 2007). Lee A. Brady, President and Chief Executive Officer of The LaPorte Savings Bank (the “Bank”), headquartered in La Porte, Indiana, announced today that the Bank received regulatory approvals to consummate its mutual holding company reorganization, the minority stock offering by LaPorte Bancorp, Inc (the “Company”) and complete the acquisition of City Savings Financial (OTCBB: CSFC), and its wholly-owned subsidiary City Savings Bank. Upon completion of the mutual holding company reorganization, stock offering and acquisition, LaPorte Savings Bank, MHC will hold 2,522,013 shares or 52.7% of the company’s outstanding stock. LaPorte Bancorp, Inc. sold 1,299,219 shares of common stock at $10.00 per share in a subscription and community offering in which all subscribers will receive the total shares for which they ordered.
To view a PDF version of this press release in its entirety, please click here.
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