Welcome to our dedicated page for Marathon Bancorp news (Ticker: MBBC), a resource for investors and traders seeking the latest updates and insights on Marathon Bancorp stock.
Marathon Bancorp, Inc. operates as the holding company for Marathon Bank, a Wisconsin-chartered savings bank serving community banking customers. Company news centers on traditional deposit products, residential, commercial, construction and small-business lending, mortgage services, treasury management and online business banking services.
Recurring updates also cover capital-structure actions, including stock repurchase programs, stock offerings, the completed mutual holding company reorganization and second-step conversion, Nasdaq common stock status, shareholder matters and senior bank leadership changes.
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.