Marathon Bancorp, Inc. Announces Completion of the Community Offering and Stockholder and Member Approvals for Pending Conversion Transaction
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 (MBBC) ha completato con successo la sua offerta alla comunità, assicurando ordini per 16,9 milioni di dollari di azioni ordinarie in relazione alla conversione di Marathon MHC da forma mutualistica a forma azionaria. L'azienda ha accettato circa 1.650.000 azioni, leggermente sopra il punto medio dell'intervallo di offerta.
Sia gli azionisti che i membri dell'MHC hanno approvato la conversione durante le rispettive Assemblee Straordinarie. La chiusura della transazione rimane soggetta alle approvazioni regolatorie finali da parte del Sistema della Federal Reserve e del Dipartimento delle Istituzioni Finanziarie del Wisconsin, insieme ad altre condizioni di chiusura abituali.
Marathon Bank opera dal suo ufficio principale e da quattro filiali nelle contee di Marathon, Waukesha e Ozaukee nel Wisconsin.
Marathon Bancorp (MBBC) ha completado con éxito su oferta comunitaria, asegurando órdenes por 16.9 millones de dólares de acciones ordinarias en relación con la conversión de Marathon MHC de forma mutual a forma de acciones. La compañía aceptó aproximadamente 1,650,000 acciones, ligeramente por encima del punto medio del rango de oferta.
Tanto los accionistas como los miembros del MHC han aprobado la conversión durante sus respectivas Reuniones Especiales. El cierre de la transacción sigue sujeto a las aprobaciones regulatorias finales del Sistema de la Reserva Federal y del Departamento de Instituciones Financieras de Wisconsin, junto con otras condiciones habituales de cierre.
Marathon Bank opera desde su oficina principal y cuatro sucursales en los condados de Marathon, Waukesha y Ozaukee en Wisconsin.
마라톤 뱅코프 (MBBC)는 지역 사회 공모를 성공적으로 완료하고, 마라톤 MHC의 상호에서 주식 형태로의 전환과 관련하여 1,690만 달러의 보통주 주문을 확보했습니다. 회사는 공모 범위의 중간값을 약간 초과하는 1,650,000주를 수락했습니다.
주주와 MHC의 구성원들은 각각의 특별 회의에서 전환을 승인했습니다. 거래의 종료는 연방준비제도와 위스콘신 재무기관부의 최종 규제 승인을 포함하여 기타 일반적인 종료 조건에 따라 남아 있습니다.
마라톤 뱅크는 위스콘신의 마라톤, 와우키샤 및 오자우키 카운티에 있는 본사와 네 개의 지점에서 운영됩니다.
Marathon Bancorp (MBBC) a réussi à terminer son offre communautaire, en sécurisant des commandes pour 16,9 millions de dollars d'actions ordinaires en lien avec la conversion de Marathon MHC d'une forme mutuelle à une forme de société par actions. La société a accepté environ 1 650 000 actions, légèrement au-dessus du point médian de la fourchette d'offre.
Les actionnaires et les membres de la MHC ont approuvé la conversion lors de leurs Assemblées Générales Extraordinaires respectives. La clôture de la transaction reste soumise aux approbations réglementaires finales du Système de la Réserve Fédérale et du Département des Institutions Financières du Wisconsin, ainsi qu'à d'autres conditions de clôture habituelles.
La Marathon Bank opère depuis son bureau principal et quatre agences dans les comtés de Marathon, Waukesha et Ozaukee dans le Wisconsin.
Marathon Bancorp (MBBC) hat erfolgreich sein Gemeinschaftsangebot abgeschlossen und Bestellungen über 16,9 Millionen Dollar für Stammaktien im Zusammenhang mit der Umwandlung von Marathon MHC von einer Genossenschafts- in eine Aktiengesellschaft gesichert. Das Unternehmen hat etwa 1.650.000 Aktien angenommen, was leicht über dem Mittelwert des Angebotsbereichs liegt.
Sowohl die Aktionäre als auch die Mitglieder der MHC haben die Umwandlung während ihrer jeweiligen außerordentlichen Versammlungen genehmigt. Der Abschluss der Transaktion unterliegt weiterhin den endgültigen regulatorischen Genehmigungen des Federal Reserve Systems und des Wisconsin Department of Financial Institutions sowie anderen üblichen Abschlussbedingungen.
Die Marathon Bank betreibt von ihrem Hauptsitz und vier Filialen in den Landkreisen Marathon, Waukesha und Ozaukee in Wisconsin.
- Successful completion of $16.9 million community stock offering
- Stockholder and member approvals obtained for conversion
- Offering amount exceeded midpoint of target range
- Transaction completion still pending regulatory approvals
WAUSAU, WISCONSIN / ACCESS Newswire / March 31, 2025 / Marathon Bancorp, Inc. (the "Company") (OTC PINK:MBBC), the holding company for Marathon Bank (the "Bank"), announced today that that the community offering in connection with the conversion of Marathon MHC (the "MHC") from mutual to stock form (the "Conversion") was completed. Orders for 
In addition, the Company announced today that its stockholders and the members of the MHC approved the Conversion. The approvals were received at a Special Meeting of Stockholders and a Special Meeting of Members, both held earlier today.
The closing of the offering and Conversion remain subject to customary final regulatory approvals and the satisfaction of customary closing conditions. Final results of the offering and the anticipated closing date of the Conversion will be announced following receipt of all final regulatory approvals.
About Marathon Bancorp, Inc.
Marathon Bancorp is the bank holding company for Marathon Bank, a Wisconsin-chartered savings bank headquartered in Wausau, Wisconsin. The Bank conducts its business from its main office and four branch offices located in Marathon, Waukesha and Ozaukee Counties.
Forward-Looking Statements
Certain statements contained herein constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as "may," "will," "would," "intend," "believe," "expect," "plan," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of those terms. These statements are based upon the current beliefs and expectations of Company management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to: the failure to obtain the final approval of the Board of Governors of the Federal Reserve System or the Wisconsin Department of Financial Institutions for the proposed Conversion and related stock offering, delays in obtaining such approvals, or adverse conditions imposed in connection with such approvals; those risks related to the real estate and economic environment, particularly in the market areas in which the Company operates; fiscal and monetary policies of the U.S. Government; changes in government regulations affecting financial institutions, including regulatory compliance costs and capital requirements; fluctuations in the adequacy of loan loss reserves; decreases in deposit levels necessitating increased borrowing to fund loans and investments; operational risks including, but not limited to, cybersecurity, fraud and natural disasters; the risk that the Company may not be successful in the implementation of its business strategy; changes in prevailing interest rates; credit risk management; asset-liability management; and other risks described in the Company's filings with the SEC, which are available at the SEC's website, www.sec.gov.
The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above or other factors could affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically disclaims any obligation to publicly release the results of any revisions, which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact Information
Susan Osness
Executive Assistant
susano@marathonsavingsbank.com
715-845-7331
Nick Zillges
President & CEO
nickz@marathonbank.com
(715) 845-7331
SOURCE: Marathon Bank
View the original press release on ACCESS Newswire
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