DELANCO, N.J.--(EON: Enhanced Online News)--Delanco Bancorp, Inc. (DLNO), holding company for Delanco Federal Savings Bank (the “Bank”), announced today that it has been informed by FINRA that shares of Delanco Bancorp, Inc., the New Jersey corporation that became the holding company for the Bank upon completion of the Bank’s second-step conversion, will begin trading on the OTCQB Marketplace on October 18, 2013. Shares will trade under the symbol “DLNOD” for a period of 20 trading days after which the symbol will revert to “DLNO.” Delanco Bancorp, Inc. sold a total of 525,423 shares of common stock at the price of $8.00 per share. As a result of completion of the second-step conversion, each existing share of old Delanco Bancorp, Inc. has been converted into the right to receive .5711 of a share of new Delanco Bancorp, Inc. common stock. The exchange will be effective at the opening of trading on October 18, 2013.
Purchasers in the subscription and community offerings can confirm their stock allocations online at https://allocations.kbw.com. Alternatively, purchasers may contact the Delanco Bancorp, Inc. stock information center, toll free, at (877) 643-8217, weekdays 10:00 a.m. until 4:00 p.m., Eastern Time.
Delanco Bancorp, Inc. is the parent company of Delanco Federal Savings Bank, a community-oriented financial institution operating two full-service branch locations in Burlington County, New Jersey.
The shares of common stock of Delanco Bancorp, Inc. 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.