News Summary

Marathon Bancorp Inc., the holding company for Marathon Bank, announced the completion of regulatory approvals for its conversion from mutual to stock form. The company plans to close this conversion transaction on April 21, 2025, with its common stock expected to begin trading on the Nasdaq Capital Market on April 22, 2025, under the symbol ‘MBBC’. As part of this transition, Marathon Bancorp will sell 1,693,411 shares of its common stock at $10.00 per share, including shares sold to its Employee Stock Ownership Plan. The conversion will also involve an exchange of current public shareholders’ stock at a ratio of 1.3728-to-one, with cash in lieu of fractional shares. This strategic move is supported by legal counsel from Luse Gorman, PC, and marketing by Janney Montgomery Scott LLC. Marathon Bancorp operates as a Wisconsin-chartered savings bank with multiple branch offices.