The Marygold Companies Acquires 7.95% Stake in Midland Capital Holdings Corporation
October 24, 2024
The Marygold Companies, Inc. (NYSE American: MGLD) purchased a 7.95% ownership position in Delaware-based Midland Capital Holdings Corporation (MCHC) for $1.8 million, and also received warrants to buy additional shares. MCHC's principal operating entity is Midland Federal Savings and Loan Association, headquartered in Bridgeview, Illinois; Marygold says the investment supports its strategy of expanding in financial services/fintech and will help enhance the bank's offerings and technology.
- Buyers
- The Marygold Companies, Inc.
- Targets
- Midland Capital Holdings Corporation, Midland Federal Savings and Loan Association
- Industry
- Financial Services
- Location
- Illinois, United States
- Transaction Type
- Growth capital
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