Company: MGNO
Filing Date: 2025-08-14
Form Type: DEF 14A
Source: 0000927089-25-000145
Chunk: 28

Company: Magnolia Bancorp, Inc.
Filing Date: 2025-08-14
Form: DEF 14A
Chunk 28
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--------|--------:|:----|:--|-------:|
| Audit fees(1)         |     | $                       | 288,498 |     | $ | 15,500 |
| Audit-related fees(2) |     |                         |       - |     |   | 10,000 |
| Tax fees              |     |                         |   5,500 |     |   |  4,400 |
| All other fees        |     |                         |     750 |     |   |    750 |
| Total                 |     | $                       | 294,748 |     | $ | 30,650 |

_______________________

| (1) | Audit fees consist of fees incurred in connection with the audit of our annual financial statements and the review of the interim financial statements included in our quarterly reports filed with the Securities and Exchange Commission, as well as work generally only the independent auditor can reasonably be expected to provide, such as statutory audits, consents and assistance with and review of documents filed with the Securities and Exchange Commission. |

| (2) | Audit-related fees consist of agreed-upon procedures. |

<div align='center'>The Board of Directors recommends that you voteFORthe ratification of the appointment

of EisnerAmper as our independent registered public accounting firm

for the year ending December 31, 2025.</div>

| REPORT OF THE AUDIT COMMITTEE |

The Audit Committee has reviewed and discussed the audited financial statements of Mutual Savings and Loan Association (which became a wholly owned subsidiary of Magnolia Bancorp upon completion of the Association’s conversion to stock form in January 2025) for the year ended December 31, 2024 with management. The Audit Committee has discussed with the independent registered public accounting firm the matters required to be discussed in PCAOB Auditing Standard No. 16, (Communications with Audit Committees). The Audit Committee has received the written disclosures and the letter from the independent accountant required by applicable requirements of the Public Company Accounting Oversight Board regarding the independent accountant’s communications with the Audit Committee concerning independence and has discussed with the independent accountant their independence. Based on the review and discussions referred to above in this report, the Audit Committee recommended to the Board of Directors that the audited financial statements be included in Magnolia Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2024, for filing with the Securities and Exchange Commission.

| Members of the Audit Committee |
| Jason L. Manson