---
schema_version: "secwatch.filing_event.v1"
accession: "0000927089-25-000024"
form_type: "8-K"
ticker: "MGNO"
cik: "0002033615"
company_name: "Magnolia Bancorp, Inc."
filed_at: "2025-01-14T23:59:59+00:00"
generated_at: "2026-05-28T02:26:15.118940+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Magnolia Bancorp completes mutual-to-stock conversion, raises $8.3M in IPO

## Summary
- Sold 833,750 shares at $10.00/share, including 66,700 to ESOP, for ~$8.3M gross proceeds.
- Offering oversubscribed; valid subscription and local community orders fully filled.
- Common stock expected to trade on OTCQB under ticker MGNO starting January 15, 2025.
- Keefe, Bruyette & Woods acted as selling agent and financial advisor.

## SEC filing metadata
- accession: 0000927089-25-000024
- form_type: 8-K
- ticker: MGNO
- cik: 0002033615
- company_name: Magnolia Bancorp, Inc.
- filed_at: 2025-01-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2033615/000092708925000024/0000927089-25-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2033615/000092708925000024/mban20250113_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000927089-25-000024
- JSON: https://secwatch.observer/filing/0000927089-25-000024.json
- Plain text: https://secwatch.observer/filing/0000927089-25-000024.txt

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