Lincoln Bancorp Readies New Stock Offering

Lincoln Bancorp, the parent company of Encino-based Lincoln National Bank, intends to offer another 1 million shares of stock to the public.

The company has filed a registration statement with the Securities and Exchange Commission. It expects the offering price to be between $8 and $9 a share. First of Michigan Corp. is handling the underwriting.

As of March 31, the bank had assets of $197 million.