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Cullman Bancorp, Inc. (OTC Pink: CULL) has announced a Plan of Conversion and Reorganization to transition to a fully public stock holding company structure. This involves a second-step stock offering of new common shares, with depositors from January 31, 2020, given priority for purchase. The conversion will not affect the Bank's depositors or customers and is contingent upon approval from shareholders, MHC members, and the Federal Reserve. A prospectus will be issued following regulatory approval detailing the conversion and stock offering.