Marathon Bancorp, Inc. MBBC

Marathon Bancorp, Inc. (MBBC) announces adoption of a stock repurchase program to buy back its common shares, signaling confidence in future prospects and aiming to enhance shareholder value. Stock repurchase program represents a major capital allocation strategy that boosts EPS, supports share price, and signals management confidence in undervaluation.

Marathon Bancorp, Inc. has completed its conversion from a mutual holding company to a stock holding company, resulting in the cessation of Marathon MHC. Following the sale of 1,693,411 shares, approximately 2,942,064 shares of common stock are now outstanding. The stock is set to trade on the Nasdaq Capital Market under the symbol 'MBBC' starting April 22, 2025. Shareholders will receive Direct Registration System Book-Entry statements and checks for cash in lieu of fractional shares around the same date. Legal counsel for the transaction included Luse Gorman, PC and Hogan Lovells US LLP, while Janney Montgomery Scott LLC acted as the marketing agent. The conversion to a stock holding company and subsequent stock offering are significant strategic moves that could enhance the company's market position and investor sentiment.

Marathon Bancorp, Inc. announced that it has received all regulatory approvals to close the conversion of Marathon MHC from mutual to stock form, with the closing expected after business on April 21, 2025. The company's common stock will begin trading on the Nasdaq Capital Market under the symbol 'MBBC' on April 22, 2025. The company anticipates selling 1,693,411 shares at $10.00 each, including shares for its Employee Stock Ownership Plan. Existing shares will convert at a 1.3728-to-one ratio, with cash issued for fractional shares. Approximately 2,942,064 shares are expected to be outstanding post-transaction. Stockholders will receive new shares and cash automatically through their brokers. Legal counsel and marketing agents for the offering have been identified. The conversion to stock form and subsequent public trading are significant strategic moves that could alter the company's trajectory and investor sentiment.

Marathon Bancorp, Inc. announced the completion of its community offering related to the conversion of Marathon MHC from mutual to stock form, accepting orders for $16.9 million in common stock. Stockholders and MHC members approved the conversion at special meetings. The closing of the offering and conversion is pending final regulatory approvals and customary closing conditions, with final results to be announced thereafter. The completion of the community offering and conversion represents a significant strategic move that could alter the company's trajectory and investor sentiment.

Marathon Bancorp, Inc. has extended its community offering to sell shares of its common stock until March 28, 2025. The offering is detailed in the prospectus dated February 11, 2025, and shares can only be ordered using the provided stock order form. Priority for purchasing shares is given to residents of specific Wisconsin counties and existing public stockholders. The completion of the offering is subject to regulatory approvals and the sale of a minimum number of shares. The company warns that investments are not insured and may lose value. The extension of the community offering may moderately influence investor sentiment and financial performance.

Marathon Bancorp, Inc. (MBBC) has announced the commencement of its stock offering as part of its conversion from a mutual holding company to a fully stock holding company. The company plans to sell up to 1,897,500 shares of common stock, potentially increasing to 2,182,125 shares, at a price of $10.00 per share. The offering will be available to certain depositors and the Bank's employee stock ownership plan, with unsold shares offered to the general public, prioritizing residents in specific Wisconsin counties. The common stock is expected to be listed on the Nasdaq Capital Market under the symbol 'MBBC' after the conversion. The offering is subject to regulatory approvals and other customary conditions. The conversion and stock offering represent a significant strategic move that could alter the company's trajectory and investor sentiment.

Marathon Bancorp, Inc. announced that its Board of Directors has adopted a Plan of Conversion and Reorganization for a 'second step' conversion from a mutual holding company structure to a stock holding company structure. The mutual holding company, Marathon MHC, currently owns approximately 57.4% of the Company's shares and will merge into the Company, ceasing to exist. Minority stockholders will exchange their shares for new shares based on an established exchange ratio. The Company plans to offer shares to members of the MHC and eligible account holders in a subscription offering. The transaction is expected to complete in the second quarter of 2025, pending necessary approvals. Detailed information will be provided to stockholders following regulatory approval. The conversion to a stock holding company structure is a significant strategic move that could alter the company's trajectory and investor sentiment.

Marathon Bank has promoted Michelle Knopf to Chief Operating Officer (COO), recognizing her over 30 years of banking experience, including her recent role as Director of Mortgage Services. Knopf has been instrumental in the bank's growth, particularly in Southeast Wisconsin, and will now oversee additional areas within the bank. CEO Nicholas W. Zillges praised her expertise and impact on the bank's operations. Prior to joining Marathon Bank in 2018, Knopf was a Vice President at Intercity Bank, managing commercial banking and customer relationships. The promotion of a seasoned executive like Michelle Knopf is expected to moderately influence the bank's operational effectiveness and customer service.