15 Feb, 2024
State of the Pipeline – February 2024
By Robert Clark and Xylex Mangulabnan
This feature has the latest news from the mutual bank conversion space. As of Feb. 14, one conversion was in the pipeline.
On Feb. 2, Metairie, La.-based Mutual Savings and Loan Association announced a mutual-to-stock conversion. At the end of 2023, the institution had $35.8 million in total assets and a tangible common equity to tangible assets ratio of 39.2%.
Download a template showing the conversion pipeline, the market performance of recent conversions, the valuations of mutual holding companies and a list of conversion candidates.
Other conversion features
2023 conversion class features 2nd-largest standard deal in last 15 years
Luse Gorman dominates 2023 mutual bank conversion adviser rankings
Other news stories about mutuals, mutual holding companies, recent conversions and activist investors
Massachusetts-based NB Bancorp names CFO
Investors urge Illinois-based BankFinancial to sell
OCC assigns 'needs to improve' Community Reinvestment Act ratings to 3 banks
Oconee Federal Financial completes acquisition of Mutual Savings Bank
We encourage reader participation and feedback. Please forward any suggestions to ConversionNews@snl.com.