Needham Bank stock pops on first day of trading
Shares in NB Bancorp (NASDAQ: NBBK), the parent of Needham Bank, made an impressive debut on Dec. 28, jumping 40% to $14.00 at its opening trade following its initial public offering.
NBBK closed its first day at $13.65 and has held steady in that range over its first week as a public company.
The former mutual bank converted to a stockholding company structure in a move authorized by its depositors over the summer. Both its stock offering and conversion occurred after the close of business on Dec. 27.
The company sold nearly 41 million shares at $10 in the IPO. NB Bancorp contributed 1,708,229 shares of common stock and $2 million in cash to their newly created Needham Bank Charitable Foundation.
Nomination papers now available for April 9 town election
Registered voters interested in seeking election to town offices can obtain nomination papers at the town clerk’s office between now and Feb. 20.
Candidates must obtain at least 50 valid signatures of registered voters townwide.
Incumbent Town Meeting members must return the written acceptance form (which they should have received in the mail) to the town clerk’s Office by Tuesday, Feb, 14.
New Town Meeting candidates must obtain at least 10 valid signatures of registered voters in their precinct.
The last day to file nomination papers with the Board of Registrars is Tuesday, Feb. 20.
The League of Women Voters of Needham has assembled a webpage to assist potential candidates. It includes a list of offices and terms, the Guide for Running for Office and Town Meeting in Needham, and a recording of a League of Women Voters of Needham workshop for Needham voters interested in becoming candidates.
The workshop features a panel including the town clerk, Needham elected board members, and Town Meeting Members who discuss the steps involved in running for an elected position in Needham.
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