Magnolia Bancorp Inc (MGNO) Financier

Magnolia Bancorp, Inc. is a holding company, which engages in providing state-chartered banking services through its subsidiaries. The company is headquartered in Metairie, Louisiana and currently employs 8 full-time employees. The company went IPO on 2025-01-14. The Association serves the banking needs of customers in its market area, which primarily consists of Jefferson and St. Tammany Parishes in Louisiana. The Association operates from its headquarters and main banking office in Metairie, Louisiana, as well as one additional full-service branch office located in St. Tammany Parish on the north shore of Lake Pontchartrain in Mandeville, Louisiana. Its primary business activity is attracting deposits from the general public and using those funds primarily to originate one-to-four-family residential loans, residential construction loans and home equity lines of credit.