Magnolia Bancorp gets final regulatory OK; OTCQB listing set for Jan 15

Magnolia Bancorp, Inc.

Final regulatory approvals received; conversion and IPO expected to close Jan 14, 2025.
Offering 833,750 shares at $10.00/share for gross proceeds of ~$8.3M; oversubscribed.
Common stock to be quoted on OTCQB under symbol 'MGNO' starting Jan 15, 2025.
Transfer agent to mail DRS statements and refund checks on or about Jan 15, 2025.
Keefe, Bruyette & Woods acted as selling agent and financial advisor.

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