Place an ad
WARNING: This ad has expired and is no longer valid as of July 18, 2024

Notice of Adoption of Plan of Conversion Notice

NOTICE OF ADOPTION OF PLAN OF CONVERSION Notice is hereby given that on June 10, 2024, the Board of Directors of Monroe Federal Savings and Loan Association, a federal mutual savings association with its main office located at 24 East Main Street, Tipp City, Ohio 45371, adopted a Plan of Conversion whereby Monroe Federal Savings and Loan Association will convert from mutual form of organization to the stock form of organization. A new Maryland corporation, Monroe Federal Bancorp, Inc., has been formed to serve as the savings and loan holding company for Monroe Federal Savings and Loan Association. Monroe Federal Bancorp, Inc. will offer for sale shares of its common stock to Monroe Federal Savings and Loan Association's members and other persons in a subscription offering, and, if necessary, in a community offering. The Plan of Conversion establishes March 31, 2023, as the eligibility record date for determining the eligible account holders of Monroe Federal Savings and Loan Association entitled to receive first priority non-transferable subscription rights to subscribe for the shares of common stock of Monroe Federal Bancorp, Inc. The Plan of Conversion is subject to approval by the Office of the Comptroller of the Currency and by at least a majority of the votes eligible to be cast, in person or by proxy, by members of Monroe Federal Savings and Loan Association at a meeting of members at which the Plan of Conversion will be presented for a vote. Before the meeting of members, a proxy statement setting forth more detailed information regarding the Plan of Conversion will be sent to members of Monroe Federal Savings and Loan Association eligible to vote at the meeting of members. A copy of the Plan of Conversion is available for inspection by Monroe Federal Savings and Loan Association's members at each office of Monroe Federal Savings and Loan Association. After the conversion and stock offering, the normal business of Monroe Federal Savings and Loan Association will continue without interruption and all offices of Monroe Federal Savings and Loan Association will continue to operate. Any questions may be directed to Monroe Federal Savings and Loan Association at (937) 667-8461 or by writing to Monroe Federal Savings and Loan Association at the above address, in each case to the attention of Lewis R. Renollet, President and Chief Executive Officer. 6-19/2024
June 19, 2024
July 18, 2024
July 18, 2024 8:05pm