Monroe Federal Bancorp, Inc. has announced that its subsidiary, Monroe Federal Savings and Loan Association, is expected to transition from a mutual to a stock form of organization and that the related initial public offering is anticipated to close on October 23, 2024. Subsequently, the company's common stock is slated to begin trading on the OTCQB Market around October 24, 2024, under an as-yet unassigned ticker symbol. More details can be found in the press release issued on October 17, 2024.
Names mentioned: - Monroe Federal Bancorp, Inc. - Monroe Federal Savings and Loan Association - OTCQB Market - OTC Markets Group - Lewis R. Renollet