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Home Bancorp Wisconsin announced a distribution of $28.15 per share to stockholders, effective approximately November 21, 2022, following its voluntary dissolution plan initiated on March 8, 2022. The final winding up process is expected to take up to three years, with nominal remaining funds thereafter. Stock trading on the OTC Pink marketplace will cease on or before November 21, 2022, and shares will be cancelled upon distribution. Computershare will act as the paying agent for the cash distribution process.
Home Bancorp Wisconsin, Inc. (OTCPK: HWIS) has announced its voluntary dissolution under Maryland law. The company is winding up operations and preparing to distribute cash assets to stockholders, as detailed in its proxy statement from January 28, 2022. Distributions are anticipated to occur in late October 2022, though they may be delayed. Additionally, there is a risk that Home Bancorp's shares could be removed from the OTC Pink marketplace, which may affect the trading status before distributions are made.
Home Bancorp Wisconsin, Inc. (OTC PINK: HWIS) has completed a purchase and assumption transaction with Dupaco Community Credit Union, where Dupaco has acquired the assets and assumed liabilities of Home Savings Bank in an all-cash deal. The liquidation of Home Savings Bank and the subsequent dissolution of Home Bancorp are expected to occur in Q3 or Q4 of 2022. The amount to be distributed to shareholders will be announced later, and certain former depositors will receive payments from liquidation accounts in due course.
Dupaco Community Credit Union has signed a definitive purchase and assumption agreement to acquire Home Savings Bank and its assets in an all-cash transaction. This strategic acquisition, expected to close in Q2 2022, will increase Dupaco's branches to 20 and total assets to approximately $2.8 billion. Home Bancorp stockholders are projected to receive between $26.47 and $27.32 per share post-liquidation. The acquisition aligns with Dupaco’s mission to enhance member services and expand its market presence in southwest Wisconsin.
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