Federal Reserve proposes Mutual Federal Bancorp conversion to stock form
Comments on the conversion must be filed by Oct. 23, 2026 with the Chicago Fed or Board of Governors.
The Federal Reserve System issued a notice of proposal for Mutual Federal Bancorp, MHC, Chicago, Illinois, to convert from a mutual to a stock holding company. Under the plan, Mutual Federal Bancorp, MHC, and Mutual Federal Bancorp, Inc. will cease to exist, and Mutual Federal Bank will become a wholly-owned subsidiary of MFB Bancorp, Inc., a newly-formed Delaware corporation that has applied to become a savings and loan holding company pursuant to section 10(e) of the Home Owners' Loan Act.
The public portions of the application and any related filings are available for immediate inspection at the Federal Reserve Bank of Chicago and at the Board of Governors' offices. Interested parties may also request expedited access from the appropriate Reserve Bank or the Board's Freedom of Information Office. Written comments on whether the proposed transaction complies with the standards of section 10(c)(4)(B) of the HOLA must be submitted to the Reserve Bank of Chicago (Christopher Koopmans, Senior Vice President) or to the Board of Governors, Benjamin W. McDonough, Secretary of the Board, no later than October 23, 2026.
Comments are subject to public disclosure and will be made available without alteration, except for removal of personal or business identifiers that are not appropriate for public release. Submissions should avoid confidential information that would be unsuitable for disclosure.
The notice, published in the Federal Register (Vol. 91, No. 183, page 60379) on September 23, 2026, is identified as FR Doc No. 2026-19450. The Board of Governors of the Federal Reserve System signed the notice on September 22, 2026.
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