---
schema_version: "secwatch.filing_event.v1"
accession: "0000927089-24-000176"
form_type: "8-K"
ticker: "MGNO"
cik: "0002033615"
company_name: "Magnolia Bancorp, Inc."
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:54:32.675222+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Magnolia Bancorp members approve mutual-to-stock conversion; offering closed Dec 17, close expected early Jan 2025

## Summary
- Members approved plan to convert Mutual Savings and Loan from mutual to stock savings association; new charter and bylaws adopted.
- Subscription and community offering closed on December 17, 2024; final share count based on appraisal and regulatory approval.
- Conversion and stock offering expected to close in early to mid-January 2025, subject to final regulatory approvals.
- Common stock expected to be quoted on OTCQB Market; Keefe, Bruyette & Woods acted as selling agent.
- Stock Information Center at 1-877-643-8217 for order fulfillment details after final approvals.

## SEC filing metadata
- accession: 0000927089-24-000176
- form_type: 8-K
- ticker: MGNO
- cik: 0002033615
- company_name: Magnolia Bancorp, Inc.
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2033615/000092708924000176/0000927089-24-000176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2033615/000092708924000176/mban20241220_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000927089-24-000176
- JSON: https://secwatch.observer/filing/0000927089-24-000176.json
- Plain text: https://secwatch.observer/filing/0000927089-24-000176.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.