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Marathon - MBBC STOCK NEWS

Welcome to our dedicated page for Marathon news (Ticker: MBBC), a resource for investors and traders seeking the latest updates and insights on Marathon stock.

About Marathon Bancorp, Inc. (MBBC)

Marathon Bancorp, Inc. is the bank holding company for Marathon Bank, a Wisconsin-chartered savings bank headquartered in Wausau, Wisconsin. The company operates through its main office and four branch offices strategically located across Marathon, Waukesha, and Ozaukee counties. Marathon Bancorp provides a comprehensive range of financial services to individuals, families, and businesses, focusing on community-oriented banking solutions tailored to meet the unique needs of its regional customer base.

Core Business Operations

Marathon Bank's primary operations revolve around traditional banking services, including accepting deposits, offering savings accounts, and providing loan products. The bank generates revenue through interest income on loans, fees from banking services, and investments. Its lending portfolio likely includes residential mortgages, commercial loans, and consumer loans, catering to the financial needs of its local communities. The bank's deposit services include checking and savings accounts, certificates of deposit, and other investment vehicles designed to help customers manage and grow their wealth.

Strategic Reorganization

Marathon Bancorp is in the process of transitioning from a mutual holding company structure to a fully stock holding company structure. This significant reorganization involves the conversion of Marathon MHC, which previously owned a majority stake in the company, into a stock holding company. This strategic move is designed to enhance Marathon Bancorp's access to capital markets, enabling it to raise funds through a public stock offering. The reorganization also aims to improve operational flexibility and align the company's structure with its long-term growth objectives.

Market Position and Competitive Landscape

Operating within the highly competitive financial services industry, Marathon Bancorp focuses on serving its local communities in Wisconsin. The company differentiates itself through its commitment to personalized customer service, deep understanding of regional market dynamics, and a strong community presence. In its market segment, Marathon Bank competes with larger national banks, regional banks, and emerging fintech companies. By maintaining a customer-centric approach and leveraging its local expertise, the company seeks to build lasting relationships and foster community growth.

Regulatory and Economic Context

As a regional bank, Marathon Bancorp operates within a complex regulatory framework designed to ensure the stability and security of the financial system. The company must navigate challenges such as compliance costs, interest rate fluctuations, and economic conditions that impact loan demand and deposit levels. By adhering to prudent risk management practices and maintaining a strong capital position, Marathon Bancorp aims to sustain its financial health and continue serving its communities effectively.

Key Value Proposition

Marathon Bancorp's value proposition lies in its ability to provide accessible, community-focused banking services while adapting to the evolving financial landscape. Its strategic reorganization underscores its commitment to growth and operational efficiency, positioning the company to better meet the needs of its customers and stakeholders. With a focus on personalized service, regional expertise, and financial stability, Marathon Bancorp stands out as a trusted partner for individuals and businesses in Wisconsin.

Rhea-AI Summary

Marathon Bancorp (MBBC) has announced the commencement of its stock offering as part of its conversion from a mutual holding company structure to a fully stock holding company. The company is offering up to 1,897,500 shares of common stock (potentially increasing to 2,182,125 shares) at $10.00 per share.

The shares will be initially offered to certain Bank depositors and the Bank's employee stock ownership plan. Unsubscribed shares may then be offered to the public, with preference given to residents of Wisconsin Counties (Marathon, Ozaukee, Milwaukee, and Waukesha) and existing stockholders. The company must sell at least 1,402,500 shares, and the stock is expected to be listed on the Nasdaq Capital Market.

The offering, managed by Janney Montgomery Scott , runs from February 24 to March 21, 2025. Completion is subject to regulatory approvals, stockholder and MHC member approval, and other closing conditions.

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Marathon Bancorp (OTC PINK:MBBC) announced its Board of Directors has adopted a Plan of Conversion and Reorganization for a 'second step' conversion from mutual holding company to stock holding company structure. The plan involves Marathon MHC, which owns 57.4% of MBBC's common stock, merging into the Company. Minority stockholders will exchange their shares for new Company common stock at an established exchange ratio, maintaining their current ownership percentage. The Company will offer shares representing MHC's ownership through a subscription offering, with Bank depositors as of September 30, 2023, having first priority rights. The transaction is expected to complete in Q2 2025, subject to regulatory and stockholder approvals.

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Marathon Bank announced the promotion of Michelle Knopf to Chief Operating Officer (COO) on June 25, 2024. With over 30 years in the banking industry, Knopf has significantly contributed to the bank's growth, particularly in Southeast Wisconsin. Previously the Director of Mortgage Services at Marathon Bank, her expertise spans commercial lending, operations, and regulatory compliance. CEO Nicholas W. Zillges highlighted her invaluable role since joining in 2018. Knopf's prior experience includes serving as Vice President at Intercity Bank, where she managed commercial banking development and customer relationships.

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Marathon Bancorp, Inc. (OTC Pink: MBBC) announced a stock repurchase program for up to approximately 5% of its outstanding common stock, or 107,875 shares of its common stock. This is the Company's second stock repurchase program since completing its mutual holding company reorganization and related stock offering in April 2021. Repurchases are expected to commence after the Company publicly releases its results of operations for the period ended December 31, 2023. Shares may be repurchased in open market or private transactions, through block trades, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
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Marathon Bank announces opening of new branch office in Brookfield, WI
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Marathon Bank completed its reorganization into a mutual holding company, Marathon Bancorp, effective April 14, 2021. The bank's new holding company sold 1,003,274 shares of common stock at $10.00 per share, amounting to 45.0% of the outstanding shares. The remaining 55.0% of shares were issued to the mutual holding company, Marathon MHC. Common stock is expected to trade on the OTC Pink Marketplace starting April 16, 2021. Forward-looking statements in the press release indicate potential risks including economic conditions and regulatory changes.

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FAQ

What is the current stock price of Marathon (MBBC)?

The current stock price of Marathon (MBBC) is $12.82 as of March 6, 2025.

What is the market cap of Marathon (MBBC)?

The market cap of Marathon (MBBC) is approximately 27.7M.

What is Marathon Bancorp, Inc. (MBBC)?

Marathon Bancorp, Inc. is the bank holding company for Marathon Bank, a Wisconsin-chartered savings bank offering financial services across Marathon, Waukesha, and Ozaukee counties.

What services does Marathon Bank provide?

Marathon Bank provides traditional banking services, including deposits, savings accounts, residential and commercial loans, and other financial products tailored to its community's needs.

What is the significance of Marathon Bancorp's reorganization?

The company is transitioning from a mutual holding company to a fully stock holding company structure, enabling it to raise capital through public stock offerings and improve operational flexibility.

How does Marathon Bancorp differentiate itself from competitors?

Marathon Bancorp focuses on personalized customer service, regional expertise, and a strong community presence to compete with larger banks and fintech companies.

What challenges does Marathon Bancorp face in its industry?

The company navigates challenges such as regulatory compliance, interest rate fluctuations, economic conditions, and competition from larger financial institutions and fintech companies.

Where are Marathon Bank's branches located?

Marathon Bank operates its main office and four branch offices in Marathon, Waukesha, and Ozaukee counties in Wisconsin.

How does Marathon Bancorp generate revenue?

The company generates revenue through interest income on loans, fees from banking services, and investments.

What is Marathon Bancorp's primary market focus?

Marathon Bancorp primarily serves individuals, families, and businesses within its Wisconsin communities, emphasizing accessible and community-focused banking solutions.
Marathon

Nasdaq:MBBC

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MBBC Stock Data

27.75M
742.50k
65.27%
1.17%
Banks - Regional
Financial Services
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United States
Wausau