Articles from Mutual Savings and Loan Association

Metairie, La., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Magnolia Bancorp, Inc. (the “Company”), a newly formed Louisiana corporation which is the holding company for Mutual Savings and Loan Association (the “Association”), announced today the completion of the Association’s conversion from a federally chartered mutual savings and loan association to a federally chartered stock savings association and the transactions provided for in such plan of conversion, including the adoption of a new federal stock Charter and new Bylaws for Mutual Savings and Loan Association, effective as of the close of business today. The Company’s common stock is expected to be quoted on the OTCQB Market operated by the OTC Markets Group beginning on January 15, 2025 under the ticker symbol “MGNO”.

Metairie, La., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Magnolia Bancorp, Inc. (the “Company”), a newly formed Louisiana corporation which will be the holding company for Mutual Savings and Loan Association (the “Association”), announced today that all final regulatory approvals have been received to complete the Association’s conversion from a federally chartered mutual savings and loan association to a federally chartered stock savings association and the transactions provided for in such plan of conversion, including the adoption of a new federal stock Charter and new Bylaws for Mutual Savings and Loan association. The Association’s members approved the plan of conversion on December 23, 2024.

Metairie, La., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Magnolia Bancorp, Inc. (the “Company”), a newly formed Louisiana corporation which will be the holding company for Mutual Savings and Loan Association (the “Association”), announced today that the Association’s members approved the plan of conversion pursuant to which the Association will convert from a federally chartered mutual savings and loan association to a federally chartered stock savings association and the transactions provided for in such plan of conversion, including the adoption of a new federal stock Charter and new Bylaws for Mutual Savings and loan association.

Metairie, La, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Mutual Savings and Loan Association (the “Association”) announced today that Magnolia Bancorp, Inc. (the “Company”), a newly formed Louisiana corporation which will be the holding company for the Association, has commenced its stock offering in connection with the conversion of the Association from the mutual to the stock form of organization. The Association also announced that the registration statement for the sale of the Company’s common stock has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”) and that the approvals required to commence the offering have been received, including the approvals of the Office of the Comptroller of the Currency (the “OCC”) and the Board of Governors of the Federal Reserve System (the “FRB”).