Marathon Bancorp to be Acquired by Nicolet Bankshares
Ticker: MBBC · Form: 8-K · Filed: Mar 24, 2025 · CIK: 1835385
Sentiment: neutral
Topics: acquisition, merger, financials
TL;DR
Marathon Bancorp is being bought by Nicolet Bankshares, deal expected to close Q3 2025.
AI Summary
Marathon Bancorp, Inc. announced on March 24, 2025, that it has entered into a definitive agreement to be acquired by Nicolet Bankshares Inc. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions. This acquisition will create a larger, more diversified financial institution serving Wisconsin and the Upper Peninsula of Michigan.
Why It Matters
This acquisition will combine two Wisconsin-based financial institutions, creating a larger entity with expanded reach and services for customers in Wisconsin and the Upper Peninsula of Michigan.
Risk Assessment
Risk Level: medium — The acquisition is subject to regulatory approval and other closing conditions, which introduces a level of uncertainty until completion.
Key Players & Entities
- Marathon Bancorp, Inc. (company) — Company filing the 8-K and being acquired
- Nicolet Bankshares Inc. (company) — Acquiring company
- March 24, 2025 (date) — Date of the report and announcement
- third quarter of 2025 (date) — Expected closing period for the acquisition
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing announces that Marathon Bancorp, Inc. has entered into a definitive agreement to be acquired by Nicolet Bankshares Inc.
Who is acquiring Marathon Bancorp, Inc.?
Nicolet Bankshares Inc. is acquiring Marathon Bancorp, Inc.
When is the acquisition expected to be completed?
The acquisition is expected to close in the third quarter of 2025.
What are the conditions for the acquisition to close?
The acquisition is subject to customary closing conditions, which would include regulatory approvals.
What is the stated benefit of this acquisition?
The acquisition is expected to create a larger, more diversified financial institution serving Wisconsin and the Upper Peninsula of Michigan.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on March 24, 2025 regarding Marathon Bancorp, Inc. /MD/ (MBBC).