BV Financial, Inc. Announces Adoption of Plan of Conversion and Reorganization to Undertake Second Step Conversion

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Jan 20, 2023

BALTIMORE, MD / ACCESSWIRE / January 19, 2023 / BV Financial, Inc. (OTC Pink:BVFL) (the "Company"), the holding company for BayVanguard Bank (the "Bank"), announced today that the Board of Directors of its parent mutual holding company, Bay-Vanguard, M.H.C., Inc. (the "MHC"), has adopted a Plan of Conversion and Reorganization pursuant to which the MHC will undertake a "second step" conversion from the mutual holding company structure to the stock holding company structure.