Marathon Bancorp, Inc. announces an Equity Buyback for 113,485 shares, representing 5% of its issued share capital.
November 16, 2022 at 05:15 pm
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Marathon Bancorp, Inc. (OTCPK:MBBC) announces a share repurchase program. Under the program, the company will repurchase up to 113,485 shares, representing 5% of its outstanding shares. The repurchase program has no expiration date.
Marathon Bancorp, Inc. is a mutual bank holding company with a wholly owned banking subsidiary, Marathon Bank (the Bank). The Bank offers traditional banking services, as well as specializing in commercial banking and mortgage banking services. Marathon Bank provides traditional deposit services, such as checking, savings, money market, certificates of deposit and individual retirement accounts. In addition, it offers residential, commercial and construction loans, mortgages, home equity loans and small business loans. Its suite of business banking services includes cash management products, deposit accounts and feature-rich online services. The Bank operates as a full-service financial institution with a primary market area, including Marathon County and Ozaukee County, Wisconsin. Its primary lending products are commercial real estate, commercial and industrial, construction, one-to-four-family residential, multi-family real estate and consumer loans.