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Marathon Bank Announces Completion of Mutual Holding Company Reorganization and Closing of Stock Offering

Marathon Bank Announces Completion of Mutual Holding Company Reorganization and Closing of Stock Offering
WAUSAU, WI / ACCESSWIRE / April 16, 2021 / ?Marathon Bank (the Bank ) announced that it has completed its reorganization, effective April 14, 2021, into the mutual holding company structure and the related stock offering of Marathon Bancorp, Inc. ( Marathon Bancorp ), the Bank s new holding company. As a result of the reorganization, the Bank has become a wholly-owned subsidiary of Marathon Bancorp, Marathon Bancorp has issued and sold 45.0% of its outstanding shares in its stock offering, and Marathon Bancorp has issued 55.0% of its outstanding shares to Marathon MHC, which is Marathon Bancorp s mutual holding company. ....

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Wings Financial Credit Union to acquire Brainerd Savings & Loan

Wings Financial Credit Union to acquire Brainerd Savings & Loan
The transaction, which requires approval by state and federal regulators, is expected to close by May 31. When the merger is complete, the location will be rebranded as a Wings Financial branch, and the bank’s members will be enrolled as members of the credit union.
Written By:
Brainerd Dispatch |
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Brainerd Savings & Loan in downtown Brainerd.
Apple Valley-based Wings Financial Credit Union and Brainerd Savings & Loan announced Jan. 25 the two organizations have reached an agreement for Wings to acquire the bank, including its branch location in Brainerd.
The transaction, which requires approval by state and federal regulators, is expected to close by May 31. When the merger is complete, the location will be rebranded as a Wings Financial branch, and the bank’s members will be enrolled as members of the credit union. ....

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Wings Financial to buy another bank

Wings Financial to buy another bank
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Affinity Bancshares, Inc. Announces Completion of Stock Offering and Related Conversion

Press release content from Business Wire. The AP news staff was not involved in its creation.
Affinity Bancshares, Inc. Announces Completion of Stock Offering and Related Conversion
January 20, 2021 GMT
COVINGTON, Ga. (BUSINESS WIRE) Jan 20, 2021
Affinity Bancshares, Inc. (the “Company”) announced today that Community First Bancshares, MHC (the “MHC”) has completed its conversion from the mutual holding company to the stock holding company form of organization (the “Conversion”), and the Company has completed its related stock offering. As a result of the closing of the Conversion, the Company is now the holding company of Newton Federal Bank (the “Bank”), which has changed its name to Affinity Bank. The MHC and the Bank’s previous mid-tier holding company, Community First Bancshares, Inc. (“Community First”), ceased to exist effective upon the closing of the Conversion. ....

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