Magnolia Bancorp Files 8-K

TL;DR

MBNC filed an 8-K, standard reporting.

AI Summary

Magnolia Bancorp, Inc. filed an 8-K on December 23, 2024, reporting other events and financial statements. The filing does not contain specific financial figures or material events beyond the standard reporting requirements.

Why It Matters

This filing indicates Magnolia Bancorp, Inc. is fulfilling its regulatory reporting obligations with the SEC.

Risk Assessment

Risk Level: low — The filing is a routine 8-K report and does not disclose any new material risks or events.

Key Players & Entities

• Magnolia Bancorp, Inc. (company) — Registrant
• December 23, 2024 (date) — Date of Report

FAQ

Filing Documents

• mban20241220_8k.htm (8-K) — 31KB
• ex_759892.htm (EX-99.1) — 13KB
• 0000927089-24-000176.txt ( ) — 172KB
• noticker-20241223.xsd (EX-101.SCH) — 3KB
• noticker-20241223_def.xml (EX-101.DEF) — 10KB
• noticker-20241223_lab.xml (EX-101.LAB) — 14KB
• noticker-20241223_pre.xml (EX-101.PRE) — 11KB
• mban20241220_8k_htm.xml (XML) — 3KB

01

Item 8.01 Other Events . On December 23, 2024, Magnolia Bancorp, Inc. (the "Company"), the proposed holding company for Mutual Savings and Loan Association (the "Association"), issued a press release announcing that the Association's members approved the plan of conversion pursuant to which the Association will convert from a federally chartered mutual savings and loan association to a federally chartered stock savings association and the transactions provided for in such plan of conversion, including the adoption of a new federal stock Charter and new Bylaws for the Association. The Company also announced that the subscription and community offering closed on December 17, 2024 at 1:00 p.m., Central Time. The Company is currently processing the orders and will provide additional information as soon as it is available. The number of shares to be sold in connection with the conversion and stock offering will be based on a final appraisal and receipt of final regulatory approvals. The stock offering and the simultaneous mutual-to-stock conversion of the Association are expected to close in early to mid-January 2025, subject to final regulatory approvals and the satisfaction of customary closing conditions. The Company will provide more information as soon as it is available. For further information, reference is made to the press release dated December 23, 2024, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits . (d) The following exhibits are included with this Report: Exhibit No. Description 99.1 Press release dated December 23, 2024 104 Cover Page Interactive Data File (Embedded within Inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MAGNOLIA BANCORP, INC. By: /s/ Michael L Hurley Name: Michael L. Hurley Title: Chairman, President and Chief Executive Officer Date: December 23, 2024

View Full Filing

View this 8-K filing on SEC EDGAR