FFBW Inc. (MHC) shareholders and FFBW MHC members on Jan. 6 approved a plan under which FFBW MHC will convert to the stock holding company structure from the mutual holding company structure.

A contribution of $250,000 in cash to FFBW Community Foundation in connection with the conversion was also approved.

Pursuant to the conversion plan, First Federal Bank of Wisconsin (MHC) will become a subsidiary of a Maryland corporation named FFBW Inc.