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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.
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 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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