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BLUE HILLS BANCORP, INC. FILES (8-K) Disclosing Other Events, Financial Statements and Exhibits

July 18, 2014



Item 8.01 Other Events On July 16, 2014, Blue Hills Bancorp, Inc. (the "Company"), a Maryland corporation and the proposed holding company for Blue Hills Bank (the "Bank"), announced that it has received all required regulatory approvals and intends to close the mutual-to-stock conversion of Hyde Park Bancorp, MHC (the "MHC") and the stock offering of the Company on July 21, 2014. The shares of common stock sold in the offering are expected to begin trading on the Nasdaq Global Select Market on July 22, 2014 under the ticker symbol "BHBK". The Company also announced that it intends to sell 27,772,500 shares of common stock, representing the adjusted maximum of the offering range, at $10.00 per share, for gross offering proceeds of $277,725,000, including the sale of 2,277,345 shares to the employee stock ownership plan. Additionally, 694,313 shares and $57,000 in cash will be contributed to the Blue Hills Bank Foundation. The offering was oversubscribed in the first category of the subscription offering by eligible account holders as of February 28, 2013. Accordingly, eligible account holders will have valid orders filled in accordance with the allocation procedures described in the prospectus and as set forth in the MHC's Plan of Conversion.

The full text of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1 Press Release dated July 16, 2014



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Source: Edgar Glimpses


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