MFB Bancorp (MFDB) Files for a $9 Million OTCQX Conversion IPO at $10
As seen on the 24/7 Wall St. homepage on September 14, 2026.
MFB Bancorp files S-1 for a $9 million OTCQX debut at a fixed $10
A community bank conversion priced flat at $10 a share, with all 900,000 shares aimed at raising $9 million on OTCQX rather than a major exchange. Performance Trust Capital Partners is running the deal, the kind of thrift-style offering that rarely shows up on screeners until it is already trading.
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MFB Bancorp, Inc. has registered an S-1 with the SEC for a community bank conversion offering targeting $9 million, headed to the OTCQX market rather than a major national exchange.
A fixed offering price with no range signals a mutual-to-stock conversion, priced ahead of time to raise a set amount of capital. That simplicity can make these deals easy to miss: they don't move through the usual IPO screeners and often start trading before most retail investors have heard of them.
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Performance Trust Capital Partners is managing the offering, a firm with experience in community bank and thrift transactions. The underwriter's involvement matters here because smaller OTCQX debuts don't always attract institutional attention, and the quality of distribution can determine how liquid the stock is once it opens.
Because the final price has not been set and shares have not yet been allocated, this remains a registered offering. Investors watching community bank conversions for value opportunities will want to keep an eye on the stock once it moves from registered to trading status on OTCQX.