Magnolia Bancorp, Inc. announced that it has received all final regulatory approvals to complete its conversion from a federally chartered mutual savings and loan association to a federally chartered stock savings and loan association. The transition, including a stock offering, is expected to close at the end of business on January 14, 2025. Starting January 15, 2025, the company's common stock will be quoted on the OTCQB Market operated by OTC Markets Group. Further details are available in a press release dated January 13, 2025.
Names mentioned: - Magnolia Bancorp, Inc. - Mutual Savings and Loan Association - OTCQB Market - OTC Markets Group - Michael L. Hurley