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Merchants & Marine Bancorp, Inc. Announces TownBridge Bank as New Name of Bank Subsidiary

MNMB
  • Merchants & Marine Bancorp, Inc. announced that its subsidiary, Merchants & Marine Bank, will legally change its name to TownBridge Bank effective September 28, 2026.
  • The name change establishes a shared bank charter identity without altering ownership, leadership, or the operational structure of the Company's Family of Brands.
  • Community banking brands will operate as divisions of TownBridge Bank: Merchants & Marine Bank, Mississippi River Bank, & Farmers-Merchants Bank.
  • Ancillary brands will also operate as divisions of TownBridge Bank: Canvas Mortgage, CannaFirst Financial, & Voyager Lending.
  • Local brand names, leadership teams, locations, & customer relationships will remain unchanged for clients.
  • Account & routing numbers, physical checks, debit cards, & digital banking access will remain the same with no required client action.
  • Chairman & CEO Clayton Legear stated the new identity honors hometown connections while providing a stronger foundation for growth.
  • The TownBridge name reflects the company's focus on "Town" communities & the "Bridge" connections bankers build between clients & opportunities.
  • The existing Board of Directors & Corporate Executive Leadership Team will continue to govern & lead the organization.
  • The Company intends to seek shareholder approval at its 2027 Annual Meeting to align the parent company's name with the TownBridge identity.