BANK MUTUAL CORPORATION (NASDAQ:BKMU) Files An 8-K Other Events
Item 8.01.
| Other Events. |
On April 4, 2017, Bank Mutual Corporation (Bank Mutual),
announced that it entered into a Purchase and Assumption
Agreement with Marine Credit Union providing for the sale of five
of Bank Mutuals branch offices, including $52.6 million in
deposits and $13.2 million in loans associated with the offices,
to Marine Credit Union. In addition, Bank Mutual announced that
it will consolidate two retail branch offices into other nearby
locations.
A copy of the press release is attached as Exhibit 99.1 to this
Form 8-K and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibit
The following exhibit is furnished as part of this Report on Form
8-K:
| 99.1 |
Press release of the registrant announcing branch sale and consolidation, dated April 4, 2017. |
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About BANK MUTUAL CORPORATION (NASDAQ:BKMU)
Bank Mutual Corporation is a savings and loan holding company. The Company owns Bank Mutual (the Bank), a federally-chartered savings bank. The Company operates through community banking segment. The Bank is engaged in the business of community banking, which includes attracting deposits from and making loans to the general public and private businesses, as well as governmental and non-profit entities. In addition to deposits, the Bank obtains funds through borrowings from the Federal Home Loan Bank (FHLB) of Chicago. These funding sources are used to originate loans, including commercial and industrial loans, multi-family residential loans, non-residential commercial real estate loans, one- to four-family loans, home equity loans and other consumer loans. The Bank also purchases and/or participates in loans from third-party financial institutions and is a seller of residential loans in the secondary market. It also invests in mortgage-related and other investment securities. BANK MUTUAL CORPORATION (NASDAQ:BKMU) Recent Trading Information
BANK MUTUAL CORPORATION (NASDAQ:BKMU) closed its last trading session up +0.15 at 9.60 with 140,927 shares trading hands.