TERMINATION OF MERGER AGREEMENT
Mutual Federal Bancorp (OTC: MFDB) announced on January 10, 2025, that its merger agreement with Pulaski Savings Bank has been terminated. The original merger agreement, dated August 27, 2024, involved multiple entities including Mutual Federal Bank (a federally-chartered savings association and wholly-owned subsidiary of MFBI), Mutual Federal Bancorp, MHC (a federally-chartered mutual holding company and majority owner of MFBI), and Pulaski Savings Bank (an Illinois-chartered mutual savings bank). The termination was executed on January 7, 2025, in accordance with the agreement's terms and conditions.
Mutual Federal Bancorp (OTC: MFDB) ha annunciato il 10 gennaio 2025 che l'accordo di fusione con Pulaski Savings Bank è stato terminato. L'accordo originale di fusione, datato 27 agosto 2024, coinvolgeva più enti tra cui Mutual Federal Bank (associazione di risparmio con charter federale e sussidiaria interamente controllata di MFBI), Mutual Federal Bancorp, MHC (società di holding mutuale con charter federale e proprietario di maggioranza di MFBI), e Pulaski Savings Bank (banca di risparmio mutuale con charter dell'Illinois). La terminazione è stata eseguita il 7 gennaio 2025, in conformità con i termini e le condizioni dell'accordo.
Mutual Federal Bancorp (OTC: MFDB) anunció el 10 de enero de 2025 que su contrato de fusión con Pulaski Savings Bank ha sido rescindido. El acuerdo original de fusión, fechado el 27 de agosto de 2024, involucraba a múltiples entidades, incluyendo Mutual Federal Bank (una asociación de ahorros con carta federal y subsidiaria de propiedad total de MFBI), Mutual Federal Bancorp, MHC (una compañía de holding mutual con carta federal y propietario mayoritario de MFBI), y Pulaski Savings Bank (un banco mutual de ahorros con carta de Illinois). La rescisión se llevó a cabo el 7 de enero de 2025, de acuerdo con los términos y condiciones del acuerdo.
Mutual Federal Bancorp (OTC: MFDB)는 2025년 1월 10일 Pulaski Savings Bank와의 합병 계약이 종료되었음을 발표했습니다. 2024년 8월 27일자로 작성된 원래의 합병 계약은 Mutual Federal Bank(연방 차터를 가진 저축 협회 및 MFBI의 완전 소유 자회사), Mutual Federal Bancorp, MHC(연방 차터를 가진 상호 지주 회사 및 MFBI의 다수주주) 및 Pulaski Savings Bank(일리노이주 차터를 가진 상호 저축은행)를 포함하는 여러 개체를 포함하고 있었습니다. 계약 종료는 2025년 1월 7일, 계약의 조건에 따라 실행되었습니다.
Mutual Federal Bancorp (OTC: MFDB) a annoncé le 10 janvier 2025 que son accord de fusion avec Pulaski Savings Bank a été résilié. L'accord de fusion original, daté du 27 août 2024, impliquait plusieurs entités, y compris la Mutual Federal Bank (une association d'épargne agréée au niveau fédéral et filiale à part entière de MFBI), Mutual Federal Bancorp, MHC (une société de holding mutuelle agréée au niveau fédéral et propriétaire majoritaire de MFBI) et Pulaski Savings Bank (une banque d'épargne mutuelle agréée de l'Illinois). La résiliation a été effectuée le 7 janvier 2025, conformément aux termes et conditions de l'accord.
Mutual Federal Bancorp (OTC: MFDB) gab am 10. Januar 2025 bekannt, dass die Verschmelzungsvereinbarung mit Pulaski Savings Bank beendet wurde. Die ursprüngliche Verschmelzungsvereinbarung, datiert auf den 27. August 2024, umfasste mehrere Einrichtungen, darunter die Mutual Federal Bank (eine bundesständig lizenzierte Sparkasse und hundertprozentige Tochtergesellschaft von MFBI), Mutual Federal Bancorp, MHC (eine bundesstaatlich lizenzierte gegenseitige Holdinggesellschaft und Mehrheitsbesitzer von MFBI) und Pulaski Savings Bank (eine in Illinois lizenzierte gegenseitige Sparkasse). Die Beendigung wurde am 7. Januar 2025 in Übereinstimmung mit den Bedingungen der Vereinbarung durchgeführt.
- None.
- Termination of strategic merger that could have expanded market presence
- Loss of potential business synergies and growth opportunities
- Failure to execute planned business combination strategy
View original content:https://www.prnewswire.com/news-releases/termination-of-merger-agreement-302348470.html
SOURCE Mutual Federal Bank
FAQ
Why was the merger between Mutual Federal Bancorp (MFDB) and Pulaski Savings Bank terminated?
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