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Federal Reserve approves Mutual Federal holding-company applications
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The Federal Reserve has approved applications allowing Chicago-based MFB Bancorp to become a top-tier holding company and acquire Mutual Federal Bank.
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The Federal Reserve has approved two applications by Chicago-based Mutual Federal Bancorp, MHC, and MFB Bancorp, Inc., clearing the way for MFB Bancorp to become a new top-tier holding company and acquire Mutual Federal Bank.
The Fed announced the approvals on 9 November. Its notice says MFB Bancorp would become a savings and loan holding company through the acquisition; it does not say the transaction has been completed.
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