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The Federal Reserve has approved the formation applications of Mutual Federal Bancorp and MFB Bancorp.
The Federal Reserve announced the approval of two applications by Mutual Federal Bancorp, MHC and MFB Bancorp, Inc., allowing the banking organization to establish a new top-tier holding company, MFB Bancorp, Inc., and become a savings and loan holding company through the acquisition of Mutual Federal Bank, headquartered in Chicago, Illinois.
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