FedFirst Financial Corporation Announces Second Step Conversion and $17.2 Million Public Offering

FedFirst Financial Corporation FFCOD announced that is has completed the conversion of First Federal Savings Bank from the mutual holding company form of organization to the stock form of organization and the current public stock offering. As a result of the conversion and offering, FedFirst Financial Corporation and FedFirst Financial Mutual Holding Company and the existing FedFirst Financial Corporation have ceased to exist. As part of the conversion, all outstanding shares of Old FedFirst Financial common stock have been converted into the right to receive 0.4735 of a share of New FedFirst Financial common stock and will no longer trade on the Nasdaq Capital Market. Shares of New FedFirst Financial common stock will begin trading on the Nasdaq Capital Market on September 21, 2010 under the trading symbol FFCOD for a period of 20 trading days. Thereafter, the trading symbol will revert to FFCO. A total of 1,722,185 shares of common stock were sold in the subscription, community and syndicated community offerings at the price of $10.00 per share. Approximately 1,270,712 additional shares will be issued in exchange for shares of Old FedFirst Financial. Cash will be paid in lieu of fractional shares in the exchange, based on the offering price of $10.00. Total shares outstanding after the stock offering and the exchange are approximately 2,992,897 shares.
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