Ben Franklin Financial, Inc. Announces Results of Subscription Offering and Continuation of Community Offering

ARLINGTON HEIGHTS, Ill.--()--Ben Franklin Financial, Inc. (the “Company”), the proposed stock holding company for Ben Franklin Bank of Illinois, announced that it did not receive orders for the minimum number of shares in the subscription offering in connection with the mutual-to-stock conversion of Ben Franklin Financial, MHC. The Company also announced that it will continue the community offering and expects to complete the offering near the minimum of the offering range. The Company reserves the right to close the community offering at any time in its discretion.

The stock offering is being conducted pursuant to the Plan of Conversion and Reorganization (the “Plan”), and the other terms and conditions outlined in the Company’s prospectus dated November 12, 2014. Completion of the conversion of Ben Franklin Financial, MHC and related stock offering remains subject to approval of the Plan by the members of Ben Franklin Financial, MHC and the stockholders of Ben Franklin Financial, Inc. at their respective special meetings to be held on December 22, 2014, confirmation of the Company’s existing independent appraisal and receipt of final regulatory approvals.

This press release contains certain forward-looking statements about the conversion and reorganization. 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 Plan of Conversion and Reorganization, difficulties in selling the conversion stock, 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 Ben Franklin Bank of Illinois are engaged.

A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission. This release is neither an offer to sell nor a solicitation of an offer to buy common stock. The offer is made only by the prospectus when accompanied by a stock order form. The shares of common stock of the Company 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.

The Company has filed a proxy statement/prospectus concerning the conversion with the Securities and Exchange Commission. Stockholders of Ben Franklin Financial, Inc. (“Ben Franklin Financial-Federal”), a Federal corporation and the current mid-tier stock holding company for Ben Franklin Bank of Illinois, are urged to read the proxy statement/prospectus because it contains important information. Stockholders and investors are able to obtain all documents filed with the Securities and Exchange Commission by the Company free of charge at the Securities and Exchange Commission’s website, www.sec.gov. In addition, documents filed with the Securities and Exchange Commission are available free of charge from the Corporate Secretary of Ben Franklin Financial, Inc. at 830 East Kensington Road, Arlington Heights, Illinois 60004: Corporate Secretary.

The directors, executive officers, and certain other members of management and employees of Ben Franklin Financial-Federal are participants in the solicitation of proxies in favor of the conversion from the stockholders of Ben Franklin Financial-Federal. Information about the directors and executive officers of Ben Franklin Financial-Federal is included in the proxy statement/prospectus filed with the Securities and Exchange Commission.

Contacts

Ben Franklin Financial, Inc.
C. Steven Sjogren, Chairman, President and CEO
(847) 398-0990

Release Summary

Ben Franklin Financial, Inc. Announces Results of Subscription Offering and Continuation of Community Offering

Contacts

Ben Franklin Financial, Inc.
C. Steven Sjogren, Chairman, President and CEO
(847) 398-0990