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Company Description (as filed with the SEC)
Randolph Bancorp, Inc. ("we," "our," "us," "Randolph," or the "Company") is a Massachusetts corporation organized in 2016 and is the stock holding company of Randolph Savings Bank ("Bank"). Randolph Bancorp, Inc.'s primary business activities are the ownership of the outstanding capital stock of Randolph Savings Bank and management of the investment of offering proceeds retained from Randolph Bancorp's mutual-to-stock conversion (the "conversion") and our initial public offering in 2016. On July 1, 2016, we completed an initial public offering selling 5,686,750 shares of common stock at $10.00 per share for approximately $56.9 million in gross proceeds, including 469,498 shares sold to the Bank's employee stock ownership plan ("ESOP"). In connection with the conversion and initial public offering, we also issued 181,976 shares of common stock and contributed $455,000 in cash to Randolph Savings Charitable Foundation, Inc. ... More ...
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