Details

Industries

Association,Finance

Founded date

Jan 1, 1849

Number Of Employee

10001 - max

Operating Status

Active

Niagara Bancorp is a Delaware corporation, formed to be the holding company of
the Bank. After the reorganization, Niagara Bancorp will own all of the Bank's
common stock. Purchasers in the offering will own 45.4% of Niagara Bancorp's
common stock, the charitable foundation will own 1.3% of the
shares of Niagara
Bancorp common stock, and the Mutual Company will own 53.3% of the shares of
Niagara Bancorp common stock. Although these percentages may change in the
future, the Mutual Company must always own a majority of Niagara Bancorp common
stock. The holding company structure will provide us greater flexibility in
terms of operations, expansion and diversification.