Federal Reserve approves creation of new savings and loan holding company
The Federal Reserve Board approved applications for Mutual Federal Bancorp and MFB Bancorp, Inc., enabling the formation of a new top‑tier holding company, MFB Bancorp, Inc. The new entity will become a savings and loan holding company after acquiring Mutual Federal Bank. Both firms are headquartered in Chicago, Illinois.
Key facts
- Approval date: 9 November 2026.
- MFB Bancorp, Inc. will serve as the holding company for the acquisition.
- The new holding company is classified as top‑tier under regulatory rules.
- Both entities operate out of Chicago, Illinois.
Summarised with AI from 1 sourceRead our AI policy
Why it matters
The approval expands the structure of regional banking in the United States.
What changed
First published from Federal Reserve