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FFBW stockholders approve conversion plan
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Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments
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.