Company: MGNO
Filing Date: 2025-01-13
Form Type: 8-K
Source: 0000927089-25-000020
Chunk: 0

Company: Magnolia Bancorp, Inc.
Filing Date: 2025-01-13
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

On January 13, 2025, Magnolia Bancorp, Inc. (the “ Company”), the proposed holding company for Mutual Savings and Loan Association (the “ Association”), announced that all final regulatory approvals have been received to complete the Association’s conversion from a federally chartered mutual savings and loan association to a federally chartered stock savings and loan association. The conversion and stock offering are expected to close as of the close of business on January 14, 2025. The Company’s common stock is expected to be quoted on the OTCQB Market operated by the OTC Markets Group beginning on January 15, 2025.

For further information, reference is made to the press release dated January 13, 2025, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.