secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Bancorp, Inc. (MGNO)
CIK:        0002033615
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0000927089-24-000176
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2033615/000092708924000176/0000927089-24-000176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2033615/000092708924000176/mban20241220_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-24-000176

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer