The Federal Reserve System published a notice about companies planning to engage in or acquire nonbanking activities under the Home Owners' Loan Act. The information regarding these applications is accessible both at the specified Federal Reserve Bank and the Board of Governors. Interested individuals can express their views in writing, ensuring that comments are submitted by January 27, 2025. The Marathon MHC of Wisconsin plans to merge with Marathon Bancorp, Inc., converting to stock form as part of the transaction.
Simple Explanation
The Federal Reserve is telling people that a company called Marathon MHC wants to join with another company, Marathon Bancorp, and change its form, like turning a toy into a different shape. People can write letters to say what they think about this by the end of January next year.