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Mchenry Bancorp - MCHN STOCK NEWS

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

McHenry Bancorp, Inc. (MCHN) provides investors and financial professionals with centralized access to critical developments in this traditional banking institution's strategic evolution. This page aggregates official press releases, regulatory filings, and verified news coverage related to MCHN's ongoing restructuring process and core banking operations.

Users gain immediate access to essential updates including asset transaction progress, compliance milestones, and corporate governance decisions. The curated collection spans shareholder-approved initiatives like the credit union asset transfer, earnings disclosures, and operational updates that demonstrate MCHN's methodical approach to financial reorganization.

All content undergoes verification against primary sources including SEC filings and official company communications. The resource serves both active traders monitoring restructuring impacts and researchers analyzing long-term banking sector trends. Bookmark this page for efficient tracking of MCHN's strategic developments through its final operational phase.

News
Rhea-AI Summary
McHenry Bancorp, Inc. (MCHN) held a Special Shareholder Meeting to vote on the sale of assets and liabilities to Michigan State Federal Credit Union. The approval was granted, and the dissolution of the company is pending regulatory approvals for a late 1Q24 transaction.
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Rhea-AI Summary
Michigan State University Federal Credit Union (MSUFCU) has entered into a definitive agreement to acquire McHenry Savings Bank from McHenry Bancorp, Inc. The transaction will result in the combined institution having approximately $8.2 billion in assets, $6.3 billion in loans, and $6.7 billion in shares and deposits. McHenry Bancorp, Inc. shareholders are expected to receive approximately $39-$41 in cash for each share of common stock. The acquisition will help MSUFCU grow its presence in the Chicago market and diversify its assets. McHenry Savings Bank customers will have access to MSUFCU's product and service offerings. The transaction is anticipated to be completed in late Q1 2024, subject to regulatory approvals and other closing conditions.
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Mchenry Bancorp

OTC:MCHN

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33.77M
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16.77%
Banks - Regional
Financial Services
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United States
McHenry