Magnolia Bancorp, Inc.
OOTC:MGNO14.55
USD
-0.22
(-1.50%)
CIK
2033615
ISIN
US5595811036
CUSIP
559581103
Return %
Stock
S&P 500
1Y
29.33
14.39
3Y
- -
81.42
5Y
- -
68.62
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Regional banks
- Address
- Metairie United States
- IPO Date
- Jan 15, 2025
- CIK
- 0002033615
- Similar Companies
- Business
- Magnolia Bancorp, Inc. operates as the savings and loan holding company for Mutual Savings and Loan Association, providing a comprehensive range of retail and commercial banking products and financial services to individual, family, and business clients in southeastern Louisiana. The company operates through two core business activities: deposit gathering and lending origination. Its deposit products and services comprise non-interest-bearing checking accounts; interest-bearing NOW and checking accounts; passbook and statement savings accounts; tiered money market deposit accounts; and fixed-rate, fixed-term certificates of deposit with varied maturities. The company's lending activities encompass one- to four-family residential mortgage loans, consisting primarily of long-term fixed-rate loans and adjustable-rate mortgages; residential construction and permanent construction-to-permanent loans; commercial real estate and multi-family residential property loans; home equity loans and revolving home equity lines of credit; and consumer financing options, including savings account-secured share loans, automobile financing, and personal unsecured loans. In addition, the institution provides complementary banking services, including online and digital banking platforms, mobile deposit capture, electronic bill payment services, debit card issuance, automated clearing house transactions, domestic wire transfers, and safe deposit box rentals. Founded in 1885 through its operating subsidiary, Mutual Savings and Loan Association, the company is headquartered in Metairie, Louisiana, and conducts its primary banking operations across Jefferson and St. Tammany Parishes through full-service banking offices in Metairie and Mandeville. In recent corporate developments, Magnolia Bancorp, Inc. was incorporated in May 2024 to serve as the holding company for the association in connection with its plan of conversion from a mutual savings and loan association to a federally chartered stock savings association. The organization finalized this mutual-to-stock conversion and completed its initial public offering in January 2025, with its common stock commencing trading on the OTCQB Venture Market under the ticker symbol MGNO. Following the public offering and reorganization, the company implemented strategic leadership and executive appointments, including transitions within its executive management and chief financial officer roles, as part of its post-conversion operational scaling and capital management strategy.