Marathon Bancorp Inc - MBBC STOCK NEWS

Marathon Bancorp (MBBC) has announced the completion of regulatory approvals for its conversion from mutual to stock form and related stock offering. The transaction is set to close on April 21, 2025, with trading on the Nasdaq Capital Market beginning April 22, 2025.

The company plans to sell 1,693,411 shares at $10.00 per share, including 135,472 shares to the Employee Stock Ownership Plan. Existing public stockholders will receive new shares based on a 1.3728-to-one exchange ratio. Post-conversion, approximately 2,942,064 shares will be outstanding.

Continental Stock Transfer & Trust Company will distribute Direct Registration System Book-Entry statements and related checks on April 22, 2025. Marathon Bank operates from its main office and four branch offices across Marathon, Waukesha, and Ozaukee Counties in Wisconsin.

Marathon Bancorp (MBBC) has successfully completed its community offering, securing orders for $16.9 million of common stock in connection with Marathon MHC's conversion from mutual to stock form. The company accepted approximately 1,650,000 shares, slightly above the midpoint of the offering range.

Both stockholders and members of the MHC have approved the conversion during their respective Special Meetings. The transaction's closing remains subject to final regulatory approvals from the Federal Reserve System and Wisconsin Department of Financial Institutions, along with other customary closing conditions.

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

Marathon Bancorp (OTC Pink: MBBC) has announced an extension of its community offering period to sell additional shares of common stock. The offering will expire on March 28, 2025, at 3:00 p.m. Central Time, though the company may close earlier upon reaching orders near the midpoint (approximately 1,650,000 shares).

Purchase preference will be given to natural persons residing in Wisconsin Counties of Marathon, Ozaukee, Milwaukee and Waukesha, followed by existing stockholders as of January 31, 2025. The completion requires final regulatory approval, stockholder approval, Nasdaq listing conditions, and the sale of at least 1,402,500 shares.

Marathon Bank operates from its main office and four branch offices in Marathon, Waukesha and Ozaukee Counties, Wisconsin. The offering terms are detailed in the company's prospectus dated February 11, 2025.

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.

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.

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.

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.

Marathon Bank announces opening of new branch office in Brookfield, WI

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.