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TeachMeFinance.com - explain supervisory conversion supervisory conversion -- the conversion of a savings institution from a mutual form of ownership to stock ownership, with the conversion arranged by the Office of Thrift Supervision. A supervisory conversion is normally used when OTS, as the thrift's supervisor, has arranged the sale of a troubled institution to new owners. Unlike a normal conversion, a supervisory conversion does not require that the new capital stock be first offered for sale to the institutions depositors and borrowers. All of the new stock is acquired by the thrift's new owners. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.