LAWRENCEBURG, Ind.,
Dec. 28, 2012 /PRNewswire/ -- United
Community Bancorp (Nasdaq: "UCBA") (the "Company") announced today
that United Community Bancorp, an Indiana corporation, the proposed successor
holding company to the Company in connection with the Company's
pending conversion from mutual holding company to stock holding
company form ("new United Community"), has received orders to
purchase common stock sufficient to complete the conversion and has
therefore terminated the community offering. The conversion and
offering are expected to be completed during the week of
January 7, 2013. The closing of the
transaction is subject to the satisfaction of customary closing
conditions.
United Community Bancorp is the holding company of United
Community Bank, headquartered in Lawrenceburg, Indiana. United Community
Bank currently operates eight offices in Dearborn County and Ripley County, Indiana.
This press release contains certain forward-looking statements
about the conversion and offering. Forward-looking statements
include statements regarding anticipated future events and can be
identified by the fact that they do not relate strictly to
historical or current facts. They often include words such as
"believe," "expect," "anticipate," "estimate," and "intend" or
future or conditional verbs such as "will," "would," "should,"
"could," or "may." Forward-looking statements, by their
nature, are subject to risks and uncertainties. Certain
factors that could cause actual results to differ materially from
expected results include delays in consummation of the conversion
and offering, increased competitive pressures, changes in the
interest rate environment, general economic conditions or
conditions within the securities markets, and legislative and
regulatory changes that could adversely affect the business in
which the Company and United Community Bank are engaged.
A registration statement relating to these securities has been
filed with the United States Securities and Exchange Commission.
This press release is neither an offer to sell nor a solicitation
of an offer to buy common stock. The offer will be made only by
means of the written prospectus forming part of the registration
statement.
The shares of common stock of new United Community Bancorp are
not savings accounts or savings deposits, may lose value and are
not insured by the Federal Deposit Insurance Corporation or any
other government agency.
SOURCE United Community Bancorp