
Completed Conversions Reveal Steady Appetite for Bank Stocks

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| East Boston Savings Bank, whose Peabody branch is shown above, is one of three Bay State banks that initiated stock conversions in 2007. |
By Amy Wyeth Two of the three Bay State banks that initiated stock conversions in 2007 completed them by early 2008, and the third hoped to do so late last week, showing that the despite a down economy, investors here still have an appetite for bank stocks.
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