- CEO
- Stephen Oksas
- Full Time Employees
- 12
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 2212 West Cermak Road Chicago IL United States of America 60608
- IPO Date
- Apr 7, 2006
- Business
- Mutual Federal Bancorp, Inc. (MFDB) operates as the holding company for Mutual Federal Bank, a community financial institution that provides a range of retail banking products and services primarily to individuals and businesses in Chicago, Illinois; its core deposit products include checking accounts, savings accounts, money market accounts, certificates of deposit, and individual retirement accounts; lending services encompass residential mortgage loans, home equity loans, commercial real estate loans, commercial lending, multi-unit apartment building financing, mixed-use property loans, and construction or rehabilitation loans; the bank also offers electronic banking solutions such as online banking, mobile banking, Popmoney, bill pay, e-statements, e-alerts, debit cards, ATM access via Allpoint network, CardHub, wire transfers, direct deposit, official checks, money orders, check reorders, and financial calculators. Founded in 1905 and headquartered at 2212 West Cermak Road in Chicago, Illinois, the company serves local markets through its subsidiary bank, which operates as a subsidiary of Mutual Federal Bancorp, MHC, a federally chartered mutual holding company. In a significant recent development, Mutual Federal Bancorp terminated its merger agreement with Pulaski Savings Bank on January 7, 2025, in accordance with the terms of the August 27, 2024 pact that had involved Mutual Federal Bank and Mutual Federal Bancorp, MHC.