American Lithium Announces Intention to Voluntarily Delist Its Common Shares From Nasdaq Capital MarketMetairie, La, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Mutual Savings and Loan Association (the "Association”) announced today that Magnolia Bancorp, Inc. (the "Company”), a newly formed Louisiana corporation which will be the holding company for the Association, has commenced its stock offering in connection with the conversion of the Association from the mutual to the stock form of organization. The Association also announced that the registration statement for the sale of the Company's common stock has been declared effective by the U.S. Securities and Exchange Commission (the "SEC”) and that the approvals required to commence the offering have been received, including the approvals of the Office of the Comptroller of the Currency (the "OCC”) and the Board of Governors of the Federal Reserve System (the "FRB”). The Company is offering for sale up to 833,750 shares of its common stock at a purchase price of $10.00 per share, although the Company may sell up to 958,813 shares of common stock because of demand for the shares or changes in market conditions, without resoliciting investors. The Company's common stock is expected to be quoted on the OTCQB Market. The shares are first being offered in a subscription offering, in priority order, to depositors of the Association with qualifying deposits at the close of business on December 31, 2022, to the Company's tax-qualified Employee Stock Ownership Plan, to depositors of the Association with qualifying deposits at the close of business on September 30, 2024, and finally to depositors of the Association at the close of business on October 31, 2024. The Company began mailing the subscription materials on November 18, 2024. Any shares of common stock remaining after the subscription offering will be offered for sale to members of the general public in a concurrent community offering, with a preference given first to residents in Jefferson, St. Tammany, Lafourche, Orleans, Plaquemines, St. Charles, St. John the Baptist, Tangipahoa and Washington Parishes, Louisiana. The subscription and community offerings are scheduled to expire at 1:00 p.m., Central Time, on December 17, 2024, subject to extension. The subscription and community offerings are being managed by Keefe, Bruyette & Woods. All questions concerning the offering or requests for offering materials should be directed to the Stock Information Center at 1-877-643-8217. The Stock Information Center is open Monday through Friday between 9:00 a.m. and 3:00 p.m., Central Time. The Stock Information Center will be closed on weekends and bank holidays. Completion of the stock offering is contingent upon the Company selling at least 616,250 shares of common stock and is subject to the receipt of final regulatory approvals for the conversion and stock offering, the affirmative vote of the depositors of the Association approving the conversion and other customary closing conditions. This press release is neither an offer to sell nor an offer to buy shares of common stock of the Company. The offer is made only by the Company's prospectus when accompanied by a stock order form. The Company has filed with the SEC a registration statement for the offering to which this press release relates as well as the final prospectus, dated November 8, 2024, for the subscription and community offering. Before you invest, you should read that prospectus and other documents the Company has filed with the SEC for more complete information about the Company and the stock offering. You may obtain these documents for free by visiting EDGAR on the SEC web site at www.sec.gov . The shares of common stock of the Company are not deposits or savings accounts and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. About Mutual Savings and Loan Association The Association was founded in 1885 and 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. At June 30, 2024, the Association had total assets of $35.5 million, total deposits of $20.0 million and equity of $14.0 million. Magnolia Bancorp, Inc. will become the holding company for the Association upon completion of the conversion and stock offering. Forward-Looking Statements This press release and the Company's prospectus for the offering contain forward-looking statements, which can be identified by the use of words such as "estimate,” "project,” "believe,” "intend,” "anticipate,” "plan,” "seek,” "expect,” "will,” "would,” "should,” "could” or "may,” and words of similar meaning. These forward-looking statements include statements of the Company's goals, intentions and expectations; statements regarding the Company's business plans, prospects, growth and operating strategies; statements regarding the quality of the Company's loan portfolio; and estimates of the Company's risks and future costs and benefits. These forward-looking statements are based on current beliefs and expectations of the Company's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company's control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to: the failure to obtain the final approval of the OCC for the proposed conversion and related stock offering, delays in obtaining such approval, or adverse conditions imposed in connection with such approval; failure to obtain depositor approval of the conversion; those related to the real estate and economic environment, particularly in the market areas in which the Association operates; fiscal and monetary policies of the U.S. Government; changes in government regulations affecting financial institutions, including regulatory compliance costs and capital requirements; fluctuations in the adequacy of loan loss reserves; decreases in deposit levels necessitating increased borrowing to fund loans; operational risks including, but not limited to, cybersecurity, fraud and natural disasters; the risk that the Company and the Association may not be successful in the implementation of their business strategy; changes in prevailing interest rates; credit risk management; asset-liability management; and other risks described in the Company's filings with the Securities and Exchange Commission, which are available at the SEC's website, www.sec.gov . The Company cautions prospective investors not to place undue reliance on any such forward looking statements, which speak only as of the date made. The Company disclaims any obligation to publicly release any revision made to any forward-looking statement to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. CONTACT: Michael L. Hurley President and Chief Executive Officer (504) 455-2444
By MICHELLE L. PRICE and ROB GILLIES NEW YORK (AP) — President-elect Donald Trump’s recent dinner with Canadian Prime Minister Justin Trudeau and his visit to Paris for the reopening of the Notre Dame Cathedral were not just exercises in policy and diplomacy. They were also prime trolling opportunities for Trump. Related Articles National Politics | Trump names Andrew Ferguson as head of Federal Trade Commission to replace Lina Khan National Politics | Biden issues veto threat on bill expanding federal judiciary as partisan split emerges National Politics | Trump lawyers and aide hit with 10 additional felony charges in Wisconsin over 2020 fake electors National Politics | After withdrawing as attorney general nominee, Matt Gaetz lands a talk show on OANN television National Politics | What will happen to Social Security under Trump’s tax plan? Throughout his first term in the White House and during his campaign to return, Trump has spun out countless provocative, antagonizing and mocking statements. There were his belittling nicknames for political opponents, his impressions of other political figures and the plentiful memes he shared on social media. Now that’s he’s preparing to return to the Oval Office, Trump is back at it, and his trolling is attracting more attention — and eyerolls. On Sunday, Trump turned a photo of himself seated near a smiling first lady Jill Biden at the Notre Dame ceremony into a social media promo for his new perfume and cologne line, with the tag line, “A fragrance your enemies can’t resist!” The first lady’s office declined to comment. When Trudeau hastily flew to Florida to meet with Trump last month over the president-elect’s threat to impose a 25% tax on all Canadian products entering the U.S., the Republican tossed out the idea that Canada become the 51st U.S. state. The Canadians passed off the comment as a joke, but Trump has continued to play up the dig, including in a post Tuesday morning on his social media network referring to the prime minister as “Governor Justin Trudeau of the Great State of Canada.” After decades as an entertainer and tabloid fixture, Trump has a flair for the provocative that is aimed at attracting attention and, in his most recent incarnation as a politician, mobilizing fans. He has long relished poking at his opponents, both to demean and minimize them and to delight supporters who share his irreverent comments and posts widely online and cheer for them in person. Trump, to the joy of his fans, first publicly needled Canada on his social media network a week ago when he posted an AI-generated image that showed him standing on a mountain with a Canadian flag next to him and the caption “Oh Canada!” After his latest post, Canadian Immigration Minister Marc Miller said Tuesday: “It sounds like we’re living in a episode of South Park.” Trudeau said earlier this week that when it comes to Trump, “his approach will often be to challenge people, to destabilize a negotiating partner, to offer uncertainty and even sometimes a bit of chaos into the well established hallways of democracies and institutions and one of the most important things for us to do is not to freak out, not to panic.” Even Thanksgiving dinner isn’t a trolling-free zone for Trump’s adversaries. On Thanksgiving Day, Trump posted a movie clip from “National Lampoon’s Christmas Vacation” with President Joe Biden and other Democrats’ faces superimposed on the characters in a spoof of the turkey-carving scene. The video shows Trump appearing to explode out of the turkey in a swirl of purple sparks, with the former president stiffly dancing to one of his favorite songs, Village People’s “Y.M.C.A.” In his most recent presidential campaign, Trump mocked Florida Gov. Ron DeSantis, refusing to call his GOP primary opponent by his real name and instead dubbing him “Ron DeSanctimonious.” He added, for good measure, in a post on his Truth Social network: “I will never call Ron DeSanctimonious ‘Meatball’ Ron, as the Fake News is insisting I will.” As he campaigned against Biden, Trump taunted him in online posts and with comments and impressions at his rallies, deriding the president over his intellect, his walk, his golf game and even his beach body. After Vice President Kamala Harris took over Biden’s spot as the Democratic nominee, Trump repeatedly suggested she never worked at McDonalds while in college. Trump, true to form, turned his mocking into a spectacle by appearing at a Pennsylvania McDonalds in October, when he manned the fries station and held an impromptu news conference from the restaurant drive-thru. Trump’s team thinks people should get a sense of humor. “President Trump is a master at messaging and he’s always relatable to the average person, whereas many media members take themselves too seriously and have no concept of anything else other than suffering from Trump Derangement Syndrome,” said Steven Cheung, Trump’s communications director. “President Trump will Make America Great Again and we are getting back to a sense of optimism after a tumultuous four years.” Though both the Biden and Harris campaigns created and shared memes and launched other stunts to respond to Trump’s taunts, so far America’s neighbors to the north are not taking the bait. “I don’t think we should necessarily look on Truth Social for public policy,” Miller said. Gerald Butts, a former top adviser to Trudeau and a close friend, said Trump brought up the 51st state line to Trudeau repeatedly during Trump’s first term in office. “Oh God,” Butts said Tuesday, “At least a half dozen times.” “This is who he is and what he does. He’s trying to destabilize everybody and make people anxious,” Butts said. “He’s trying to get people on the defensive and anxious and therefore willing to do things they wouldn’t otherwise entertain if they had their wits about them. I don’t know why anybody is surprised by it.” Gillies reported from Toronto. Associated Press writer Darlene Superville contributed to this report.
Seeking consecutive away victories for the first time all season, Angers travel to Roazhon Park on Sunday for a date with Rennes on matchday 15 of the Ligue 1 campaign. A late goal conceded last weekend sent Stade Rennais to a 1-0 defeat at Nantes, keeping them in 12th, one point above Les Scoistes, who were beaten 3-0 by Lyon. © Imago The emotional high that Rennes experienced at the end of November was short-lived as they followed up a 5-0 triumph over Saint-Etienne with a dismal display in front of goal last week. Heading into this match, the club from Brittany have lost four of their previous five Ligue 1 affairs, failing to find the back of the net in each of those defeats. They have a chance this weekend to claim consecutive domestic triumphs at Roazhon Park, which would equal their longest winning run at home this season. In eight of their last nine Ligue 1 home games against newly promoted sides, Les Rouge et Noirs have emerged victorious, including that lopsided triumph over Saint-Etienne the last time out. That was the first victory for Jorge Sampaoli since taking charge of this team, with 13 of Rennes' 14 points this season occurring at Roazhon Park. Stade Rennais have won their last three Ligue 1 meetings versus Angers, and another triumph on Sunday would mark the first time in club history that they collect four successive victories against them in this competition. © Imago Another poor home outing for Angers last weekend kept them from progressing further up the standings and putting some more distance between themselves and relegation. As things stand, Alexandre Dujeux 's men are just a point above Le Havre and a return to Ligue 2, while they are only ahead of Saint-Etienne on goal difference. Les Scoistes have claimed at least a point in five of their previous six away games in the top flight, conceding a goal or fewer each time. With a victory this weekend, the club from Pays de la Loire will win consecutive away matches in this competition for the first time since 2020. Angers have won their last three domestic encounters when netting the opening goal and have not lost all season when drawing first blood. After 14 matchdays this season, they have collected 13 points, five more than they managed at this stage of their previous Ligue 1 campaign (2022-23). © Imago An ACL injury will keep Alidu Seidu out for the remainder of the season, while Mikayil Faye will also miss this match for Rennes with a red card suspension. Sampaoli made just one change to the side that began their match against Les Verts, with Adrien Truffert replacing Aboubakar Nagida in the starting 11. Due to a broken ankle, Angers will be missing Justin Kalumba on Sunday, while Sidiki Cherif and Emmanuel Biumla are doubtful because of thigh injuries. In their previous away fixture, it was Himad Abdelli who notched the winning goal, while Yahia Fofana made one stop to collect a clean sheet. Rennes possible starting lineup: Mandanda; Hateboer, Ostigard, Wooh; Assignon, James, Matusiwa, Nagida; Blas, Gouiri; Kalimuendo Angers possible starting lineup: Fofana; Arcus, Bamba, Lefort, Hanin; Aholou, Belkebla; Allevinah, Abdelli, Melali; Dieng Rennes have scored in each of their 26 Ligue 1 home fixtures against Angers and though the visitors have been decent away from home, Stade Rennais look much more cohesive and sharper in front of goal in Brittany. For data analysis of the most likely results, scorelines and more for this match please click here .