Rockville Financial Inc., the holding company for Rockville Bank, has completed the second step conversion from the mutual holding company structure and related public offering.

It is now a stock form holding company that is fully owned by the public, according to a statement. Rockville Financial sold a total of 17,109,886 shares of common stock in a subscription offering, including 276,017 shares to the Rockville Bank employee stock ownership plan.

Rockville Bank’s employee stock ownership plan intends to purchase additional shares of common stock in the aftermarket to achieve a level of purchases equal to 4 percent of the shares sold in the offering. All shares were sold at a purchase price of $10 per share.