Maunesha Bancshares, Inc. is the parent company and 100% shareholder of Farmers & Merchants State Bank in Waterloo and Marshall, Wisconsin. To learn more about Farmers & Merchants State Bank, visit the About Us page.
This content is intended exclusively for potential buyers and sellers of Maunesha Bancshares, Inc. stock. We encourage you to review all applicable statements and documents prior to submitting information.
For questions or additional information, contact Maunesha Bancshares, Inc. directly using the information on this page.
Below is a list of the last five sales of stock known to the Company, containing the number of shares, date of transfer and price, each to the extent known to the Company, on its website and upon request. The list does not necessarily contain all prices paid by all buyers, and the Company has not independently confirmed the prices disclosed to the Company.
|Transaction Date||Number of Shares||Price per Share|
See our documents for the following important information:
Adjusted Book Value History
|Month End 11/30/2022||203.79|
As a convenience, Maunesha Bancshares, Inc. is providing "Adjusted Book Value" for its common stock as of its most recent month end and the last five recent semiannual FR Y-9SP report for Parent Company Only Financial Statement For Small Bank Holdings Companies. Adjusted Book Value should not be construed as indicative of the current or anticipated future fair market value of the stock.
Book value has been adjusted to eliminate the unrealized gains and losses in the investment portfolio.
Newsletter & Annual Report
This Stock Policy is also available in PDF format.
This Policy was adopted by the Board of Directors of Maunesha Bancshares, Inc. ("Company") at its meeting on January 22, 2014. This Policy may be amended or discontinued at any time by the Board of Directors.
Compliance with Law
It is the intention of the Board of Directors that this Policy and its implementation not conflict with or be inconsistent with any provision of applicable law, and any such conflict or inconsistency shall be resolved in favor of compliance with the applicable law.
Maintenance of Interested Buyer Lists
The Company currently intends to maintain a list of persons who have indicated to the Company a desire to purchase shares, together with contact information. Shareholders and other interested buyers may contact the Company or submit a request through its website to ask to be included on the list as a prospective buyer. To be included on the list, interested purchasers will be required to provide written consent to have their name and contact information included on the list, and to agree that the list will be provided to others upon request. Listed persons will remain on the list until they request in writing to be removed. The Company has the right to refuse to include any non-shareholder on the list for any reason.
Until the Board of Directors determines, in its sole discretion, that the Company will stop maintaining the list of interested buyers, the list will be available upon request to all shareholders interested in selling their shares. The Company will provide the list upon obtaining a Non-Disclosure Agreement (NDA) wherein the recipient agrees the sole use of the list will be to facilitate sale of their shares.
Company’s Role in Transactions is Limited
Interested buyers are expected to contact listed persons directly. For legal reasons, the Company will not be involved in any transaction between buyers and sellers, except that it will do the following:
In connection with stock sales and purchases between third parties, the Company will not become involved in negotiations between buyers and sellers, take possession of funds or stock certificates (except as needed in its capacity as transfer agent), or provide information to any party other than the information listed in 2-4 above or information that is otherwise publicly available, such as the Company's FR Y-9SP information filed twice a year with the Board of Governors of the Federal Reserve.
Sales Subject to Company’s Right of First Refusal
Any sale or transfer of stock to someone not listed in the following paragraph is subject to a transfer restriction under the Company's Articles of Incorporation known as a "right of first refusal." A copy of Article 6 of the Articles of Incorporation containing the right of first refusal is provided on the Company's website and upon request.
A shareholder (or, as applicable, the representative of shareholder’s estate or any trust that owned the shares for the benefit of the shareholder at the time of the shareholder’s death) is permitted to transfer stock to any of the following without the prior approval of the Company:
If a shareholder wants to sell some or all of his or her shares other than in a permitted transfer, he or she must provide written notice of the proposed sale to the Company setting forth the terms of the proposed sale including, without limitation:
The shareholder must also provide a copy of the prospective purchaser's written offer to purchase. The proposed sale must be made through a bona fide written offer involving all cash consideration generated through arm's length negotiations.
The Company will have the first right to purchase all or a portion of the shares proposed to be sold. Within 30 days after receipt of the sale notice, the Company must decide whether or not it will exercise its purchase rights. Within 30 days after receipt of the sale notice, the Company is required to deliver to the shareholder in writing, as applicable:
Subject to regulatory approvals and delays caused by the regulatory approval process, if the Company decides to acquire the shares, the Company must buy the shares at the price established by the proposed purchaser in the sale notice no later than 90 days following receipt of a properly presented sale notice.
Note: The Company has made available a "Right of First Refusal Sale Notice" form on its website and upon request that may be used by shareholders to comply with the right of first refusal notification requirements described above.
Nothing in this Policy constitutes a formal or binding commitment by the Company to repurchase stock. Any offer to repurchase stock by the Company will be expressed directly by the Company to the seller and not by this Policy. This Policy solely states the general willingness of the Company to repurchase its stock from time to time as determined by the Board of Directors, and to maintain lists of interested third party buyers and sellers of Company stock.
You can log onto the Federal Financial Institutions Examination Council website any time to review Maunesha Bancshares, Inc.’s current and historical Bank Holding Company Performance Report information. Go to www.ffiec.gov, and under "Supervisory Info" select "BHC Reports." On the next screen, under "Institution Name," enter "Maunesha Bancshares, Inc.." located in "Waterloo, Wisconsin." Select the link with the name of the bank holding company, then choose the date of the report under "Parent Company Only Financial Statements for Small Banks (FRY-9SP)" and select the box to generate the report. You may obtain copies of any of the Company's Bank Holding Company Performance Reports by requesting them in writing or by telephone at the address and phone number provided on the first page of this memorandum.
You can also log onto the Federal Financial Institutions Examination Council website any time to review Farmers & Merchants State Bank ’s current and historical Call Report/Uniform Bank Performance Report information. Go to www.ffiec.gov and under "Reports" select "On-line Info Systems." On the next screen, under "Financial Institution Information," select "Call and Thrift Financial Reports (TFR)," then select "Reports of Condition of Income (Call) and Thrift Financial Reports (TFR)", followed by "Call Report and Thrift Report Data" on the following screen. On the next screen, select "View or download data for individual institutions." On the next screen, select the report type (Call/TFR) from the drop-down list, then enter "Farmers & Merchants State Bank " located in "Waterloo, Wisconsin" and select the search button. On the next screen, select the icon under "Download." On the next screen, select the date of the report you wish to see from the drop-down list, then select the download button to view and/or print a PDF file of the report.
You may obtain copies of any of the Bank's Call Reports or Uniform Bank Performance Reports by requesting them from us. See our contact information below.
Company Purchase of Shares
Maunesha Bancshares, Inc. stock purchase program – Annually the Board of directors will establish whether to purchase treasury shares. This program will determine the amount of capital that is allocated for the calendar year and establish the offering price for re-purchased shares. Shareholders are encouraged to contact us first to determine if desired sales fits within the limitations of the stock purchase program.
Maunesha Bancshares, Inc.
210 W Madison Street
Waterloo, WI 53594
Interested buyers and sellers are expected to contact listed persons directly. For legal reasons, the Company will not be involved in any transaction between buyers and sellers. Refer to the Company’s stock policy which is posted on this site for further details regarding the Company’s limited role. In connection with stock sales and purchases between third parties, the Company will not become involved in negotiations between buyers and sellers, take possession of funds or stock certificates (except as needed in its capacity as transfer agent), or provide information to any party other than the information listed in the Company’s stock policy posted on this site or information that is otherwise publicly available, such as the Company's FR Y-9SP information filed twice a year with the Board of Governors of the Federal Reserve.
Maunesha Bancshares, Inc.
210 W Madison
Waterloo, WI 53594
William T Hogan
President, Maunesha Bancshares, Inc.
William E Campbell
President, Farmers & Merchants State Bank
Laurie Frey, Farmers & Merchants State Bank
VP, Operations Officer
210 W Madison Street
Waterloo, WI 53594