GLOVERSVILLE FEDERAL FINISHES CONVERSION OF STOCK.(BUSINESS)

Byline: -- Alan Moorse

GLOVERSVILLE -- Gloversville Federal Savings & Loan Association completed its conversion from mutual to stock ownership on Monday.The holding company for the 74-year-old thrift, Adirondack Financial Services Bancorp Inc., sold all 661,500 shares offered through a subscription sale at $10 a share.

The sale was oversubscribed, Gloversville Federal said in a release, so some purchasers will get …