The Federal Reserve Board approved two applications by Mutual Federal Bancorp, MHC, and MFB Bancorp, Inc., both of Chicago, Illinois, allowing MFB Bancorp to become the banking organization’s new top tier holding company and a savings and loan holding company by acquiring Mutual Federal Bank, also of Chicago.
Federal Reserve Board approves two applications enabling MFB Bancorp to acquire Mutual Federal Bank
The Federal Reserve Board authorized a new holding company structure through two application approvals, allowing MFB Bancorp, Inc., to acquire Chicago’s Mutual Federal Bank and become a savings and loan holding company.