** Community bank Marathon Bancorp MBBC.O set for Nasdaq debut under symbol "MBBC" after completion of its mutual-to-stock conversion and related stock offering
** Mutual-to-stock conversion occurs when financial institutions like a bank or savings association converts from mutual to stock form
** Mutual bank conversions can be attractive as depositors get the first crack at any stock offering at a discounted price
** Wausau, Wisconsin-headquartered MBBC has four branch offices located in Marathon, Waukesha and Ozaukee counties
** Bank has about ~2.9 million outstanding shares after the sale of ~1.7 million shares in the stock offering
** Janney Montgomery Scott acted as marketing agent for MBBC in the stock offering
** Prior to its Nasdaq uplisting, MBBC traded over-the-counter
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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