Marathon Bank: Marathon Bancorp, Inc. Announces Results of Stock Offering and Closing Date
WAUSAU, WI / ACCESSWIRE / April 9, 2021 / Marathon Bancorp, Inc. (the Company ), the proposed holding company for Marathon Bank (the Bank ), announced today that the Bank has received all regulatory approvals required for the completion of the Bank s mutual holding company reorganization and the Company s minority stock offering and expects to close the offering on April 14, 2021. Shares of the Company s common stock are anticipated to begin trading on April 15, 2021 on the OTC Pink Marketplace.
The Company received orders between the maximum and the adjusted maximum of the offering range. All timely orders were accepted. The Company will issue and sell 1,003,274 shares of common stock (45% of its to be outstanding shares) in the offering at $10.00 per share. The Bank s employee stock ownership plan will purchase 87,397 shares of common stock (3.92% of its to be outstanding shares) in the
Marathon Bancorp, Inc Announces Results of Stock Offering and Closing Date
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Marathon Bancorp, Inc Announces Results of Stock Offering and Closing Date
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