Mutual Federal Bancorp and Pulaski Savings Bank are planning to merge.
The $99.8 million-asset Mutual Federal expects to absorb the $50.7 million-asset Pulaski Savings in the first quarter. Both are based in Chicago.
“This transaction brings together two customer-centric and highly-respected institutions,” Stephen Oksas, Mutual Federal’s president, said in a press release. “Mutual Federal and Pulaski have a similar culture and take pride in our long traditions of outstanding customer service and community involvement.”
Vedder Price advised Mutual Federal. Godfrey & Kahn advised Pulaski Savings. RP Financial provided financial advisory services.