On April 30, 2025, Winchester Savings Bank, Winchester, Massachusetts, completed its reorganization from a mutual savings bank to the mutual holding company form of organization.
Concurrently with the reorganization, Winchester Bancorp, Inc., the newly formed holding company for Winchester Savings Bank, sold 3,997,012 shares of common stock at $10.00 per share, issued 185,907 shares of common stock to the Winchester Savings Bank Charitable Foundation, Inc., and issued 5,112,457 shares of common stock to Winchester Bancorp, MHC, the Company’s newly formed mutual holding company. Winchester Bancorp, Inc.’s common stock began trading on the Nasdaq Capital Market under the symbol “WSBK” on May 2, 2025.
Luse Gorman served as legal counsel to Winchester Savings Bank in the transaction. The Luse Gorman team included Ned Quint, Lawrence Spaccasi, Kent Krudys and Max Seltzer.
Winchester Bancorp has approximately $913 million in consolidated assets and provides financial services from its main office and four full-service branch offices in eastern Massachusetts.
Since 2000, Luse Gorman has been the leading law firm in the United States in mutual holding company transactions and mutual-to-stock conversions, based on number of transactions. Click here to learn more about our capital markets and corporate finance services.