STOCK TITAN

MARATHON BANCORP INC - MBBC STOCK NEWS

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

Marathon Bancorp, Inc. (MBBC) is the bank holding company for Marathon Bank, operating in Wisconsin. The company recently announced a stock repurchase program. It conducts its business through multiple branch offices in Marathon and Ozaukee Counties.

Marathon Bank is implementing strategic initiatives to enhance shareholder value and optimize returns. The Company's management team focuses on prudent financial management and growth opportunities to drive long-term success.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
buyback
-
Rhea-AI Summary
Marathon Bank announces opening of new branch office in Brookfield, WI
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.36%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none

FAQ

What is the current stock price of MARATHON BANCORP (MBBC)?

The current stock price of MARATHON BANCORP (MBBC) is $8.81 as of October 2, 2024.

What is the market cap of MARATHON BANCORP (MBBC)?

The market cap of MARATHON BANCORP (MBBC) is approximately 19.2M.

What is Marathon Bancorp, Inc.?

Marathon Bancorp, Inc. (MBBC) is the bank holding company for Marathon Bank, located in Wisconsin.

What recent announcement did Marathon Bancorp, Inc. make?

The company announced a stock repurchase program for up to approximately 5% of its outstanding common stock.

Where does Marathon Bancorp, Inc. conduct its business?

Marathon Bancorp, Inc. conducts its business through its main office and three branch offices located in Marathon and Ozaukee Counties.

MARATHON BANCORP INC

Nasdaq:MBBC

MBBC Rankings

MBBC Stock Data

19.22M
742.14k
65.25%
1.17%
Banks - Regional
Financial Services
Link
United States of America
Wausau