This feature has the latest news from the mutual bank conversion space. As of Nov. 8, one conversion was in the pipeline. Needham, Mass.-based NB Bancorp Inc.'s standard conversion offering closes Nov. 14. Gross proceeds at the supermax of the offering range are $410.0 million, representing the second-largest standard conversion in the last 15 years, behind Eastern Bankshares Inc.'s October 2020 deal. The new shares of Gouverneur, NY-based Gouverneur Bancorp Inc. began trading Nov. 1, closing down 10.3% from the $10 second-stage conversion offering price. The exchange ratio was 0.5334. Grand Island, Neb.-based Central Plains Bancshares Inc. and Peru, Ill.-based PFS Bancorp Inc. completed their mutual-to-stock conversions in October. Central Plains priced near the top of the offering range and closed 9.0% lower on its first trading day.