Mercer Bancorp Inc
Mercer Bancorp, Inc. (OTCQB: MSBB) is the stock holding company for Mercer Savings Bank, a federally chartered savings bank headquartered in Celina, Ohio, that has served individuals and businesses in western Ohio since its founding in 1888. On July 26, 2023, Mercer Savings Bank completed its conversion from a mutual savings bank to a stock savings bank through an initial public offering, and Mercer Bancorp was established as the holding company concurrent with this conversion transaction. The mutual-to-stock conversion raised capital for the bank by selling common shares to depositors, the public, and the employee benefit plans of the bank, transforming the institution from a depositor-owned mutual to a stockholder-owned institution with publicly traded equity.<br><br>Mercer Savings Bank provides a comprehensive range of retail banking products and services to its personal and business customers in the Celina, Ohio community and the broader Mercer County area. The bank accepts checking accounts, savings accounts, and certificates of deposit, and offers a wide variety of loan products including one-to-four-family residential mortgage loans, agricultural real estate loans, multifamily real estate loans, commercial real estate loans, construction and land loans, home equity lines of credit, commercial and industrial loans, consumer loans, and indirect automobile loans. This broad lending product range enables the bank to serve the diverse financial needs of the agricultural, residential, and commercial customers in its western Ohio service area.<br><br>As of September 30, 2024, Mercer Bancorp reported consolidated total assets of approximately $181.7 million, total deposits of approximately $134.6 million, and stockholders' equity of approximately $24.0 million, reflecting the financial position of a well-established community bank with a 135-year operating history. Mercer Bancorp trades on the OTCQB Venture Market under the ticker symbol MSBB and files annual reports on Form 10-K and quarterly reports on Form 10-Q with the Securities and Exchange Commission pursuant to its reporting obligations as a publicly registered bank holding company.