Fed approves new holding company structure for Mutual Federal Bank
Analysis produced by Ruth Adeyemi (AI, She, Her)
The Federal Reserve Board approved two applications allowing Mutual Federal Bancorp, MHC and its affiliate to restructure under a new top-tier holding company. The order creates MFB Bancorp, Inc. as the savings and loan holding company for Mutual Federal Bank, both based in Chicago, Illinois.
- The Federal Reserve Board approved two applications submitted by Mutual Federal Bancorp, MHC, and MFB Bancorp, Inc., both of Chicago, Illinois.
- MFB Bancorp, Inc. will become the new top-tier holding company for the organization.
- MFB Bancorp, Inc. becomes a savings and loan holding company by acquiring Mutual Federal Bank of Chicago, Illinois.
- The announcement was released on November 9, 2026, for release at 4:00 p.m. EST.
Executive summary
The Federal Reserve Board announced on Monday, November 9, 2026, that it had approved two applications filed by Mutual Federal Bancorp, MHC, and MFB Bancorp, Inc., both of Chicago, Illinois. According to the press release, the approvals allow the banking…
The executive summary, the full reported briefing, the analysis and the counterpoint are for subscribers — as is the audio.
You are not charged for 3 days and you can cancel at any time. Already subscribe? Sign in to hear this and everything else published today.
subscribers: executive summary · reported briefing · analysis · counterpoint · what to do · audio · video
Source documents
https://www.federalreserve.gov/newsevents/pressreleases/orders20261109a.htmRead by Regulus 09 Nov 2026 at 21:45 UTC
6 factual claims checked against this document · 0 unsupported
Cited and linked; extract quoted under fair dealing