On October 11, 2016, Bancorp 34, Inc., a Maryland corporation formed in March 2016 with headquarters in Alamogordo, New Mexico, succeeded Alamogordo Financial Corp as the stock holding company of Bank 34. More information on the conversion follows under “The Conversion.”
Stock Symbol & Further Information
Shares of Bancorp 34, Inc. common stock trade on the Nasdaq Capital Market under the symbol “BCTF.” All Bancorp 34, Inc. SEC filings, including statements of beneficial ownership filed by directors and executive officers (and greater than 10% stockholders) pursuant to Section 16 of the Securities Act of 1934, are available through the SEC’s EDGAR system. Please call Mr. Jan R. Thiry, Executive Vice President & Chief Financial Officer, at 623.777.0570 for investor-related information. For those investors working with a broker, all information is sent to your broker. We are happy to include you in our updates if you call us with your direct contact information.
The Conversion – On October 11, 2016, Alamogordo Financial Corp., organized in 1997 as a federal savings and loan holding company, (previously OTCQB “ALMG“), reorganized into a fully public stock holding company, Bancorp 34, Inc., pursuant to the terms of a Plan of Conversion and Reorganization (the “Plan of Conversion”). AF Mutual Holding Company sold its majority ownership in Alamogordo Financial Corp. in a “second-step” stock offering, that was oversubscribed by Bank 34 depositors as of December 31, 2014 and the bank’s Employee Stock Ownership Plan. Simultaneously, Bank 34, which was in the mutual holding company structure, became a wholly-owned subsidiary of Bancorp 34, Inc.
Under the Plan of Conversion, each share of common stock of Alamogordo Financial Corp. held by persons other than AF Mutual Holding Company on the closing date have been exchanged for 2.0473 shares of common stock of Bancorp 34, Inc. No fractional shares have been issued. For each fractional share that otherwise would be issued, Bancorp 34 paid in cash an amount equal to the product obtained by multiplying the fractional share interest by the $10.00 per share offering price.
The final prospectus containing detailed information relating to the Plan of Conversion, details of the related stock offering, and business and financial information about Bancorp 34, Inc. is also available through the SEC’s EDGAR System.
Continental Stock Transfer & Trust Company maintains shareholder records for Bancorp 34, Inc. and previously maintained shareholder records for Alamogordo Financial Corp. You may contact Continental directly with inquiries regarding your registered stock holdings, address changes, transfer instructions, share balance information and forms by any of the following:
By Phone: You can call Customer Service at (800) 509-5586, between the hours of 8:30 a.m. and 5:30 p.m. ET, Monday through Friday. International callers may reach Continental at (212) 509-4000.
By E-Mail: You may contact Continental via e-mail at: firstname.lastname@example.org
By Mail: Written correspondence may be directed to: Continental Stock Transfer & Trust Company Alamogordo Financial Corp Investor Services 17 Battery Place – 8th Floor New York, NY 10004
By Website: Shareholders may also access their accounts 24 hours a day, 7 days a week via ContinentaLink. Registered shareholders can retrieve information on account holdings, review transaction histories, change addresses, and take advantage of other valuable services. In addition, there is a page of FAQs available, as well as downloadable forms. In order to take advantage of this service and protect the security of your account, you must follow these instructions:
On your web browser go to Continental’s home page at http://www.continentalstock.com, then click SHAREHOLDER LOG IN, at the top of the screen.
This takes you to Continental’s sign-in screen where you must click FIRST TIME VISITOR, which is located in the upper left-hand area of the screen. Next, click NEW MEMBER SIGN-UP.
On the First Time Visitor New Member Registration page, after reading items 1 through 7, enter the appropriate information in the empty fields after item 7. First, create your User ID and enter your Tax ID number (Social Security Number (SSN) in the case of an individual, or employer identification number (EIN) in the case of an entity) as indicated. You will then need to enter the security code issued to you from the website.
- Next, you will create your own PIN by entering any 8 to 12 alphanumeric characters of your choosing and re-entering the same PIN in the verification field (Note: Your PIN must contain at least one upper case letter, one lower case letter and one number). Next, enter your e-mail address and re-enter the same e-mail address in the verification field. Then complete the PIN recovery question and answer section, select your preferred delivery method (electronic or postal), and click PROCEED. Item 2 (ID Number). If you do not have a valid US SSN or EIN associated with your account, you must click the “click here” link under item 2. After reading items 1 through 8, enter the appropriate information in the empty fields after item 8. First, create your User ID, enter your 10 digit account number (leading zeroes count) included in this transmittal, use the pull-down menu arrow to select your company, then enter the security code shown above, create your PIN, verify your PIN, enter your e-mail address, verify your e-mail address, complete the PIN recovery question and answer section, and select your preferred delivery method (electronic or postal). Then click PROCEED.
Your PIN will be activated overnight and you will be able to access your shareholder records the next day. You then only need to enter the User ID and PIN you created on the Sign-In page.
Documents Referenced in Proxy Statement: