Magnolia Bancorp CFO Wagner resigns; Hurley named CEO, Kimbro CFO effective Aug 21

Magnolia Bancorp, Inc.

Donice Wagner, EVP, CFO and Secretary, resigns effective Aug 21, 2026, to return to consulting practice.
Michael L. Hurley, Executive Chair, becomes Executive Chair and CEO; Robert W. Kimbro becomes President and CFO.
Kimbro, 68, CPA and former Ernst & Young partner, will assume CFO role; both salaries set at $175,000 annually.
Changes part of planned leadership transition; Kimbro had been President and CEO since June 1, 2026.
Wagner held the role since Sept 18, 2025; no negative reasons cited for departure.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Donice Wagner

Executive Vice President, Chief Financial Officer and Secretary

MGNO · Magnolia Bancorp, Inc.

Effective: 2026-08-21
Successor: Robert W. Kimbro
Filed: August 13, 2026, 12:18 PM ET

On August 10, 2026, Donice Wagner submitted her voluntary resignation of her positions as the Executive Vice President, Chief Financial Officer and Secretary of Magnolia Bancorp, Inc. (“Magnolia”) and its wholly owned subsidiary Mutual Savings and Loan Association (“Mutual Savings”), in each case effective as of August 21, 2026.

Role change

Michael L. Hurley

Executive Chair and Chief Executive Officer

MGNO · Magnolia Bancorp, Inc.

Effective: 2026-08-21
Filed: August 13, 2026, 12:18 PM ET

The new titles for Michael L. Hurley will be Executive Chair and Chief Executive Officer

Role change

Robert W. Kimbro

President and Chief Financial Officer

MGNO · Magnolia Bancorp, Inc.

Effective: 2026-08-21
Filed: August 13, 2026, 12:18 PM ET

and the new titles for Robert W. Kimbro will be President and Chief Financial Officer, in each effective upon Ms. Wagner’s departure.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Donice Wagner resigned as Executive Vice President, Chief Financial Officer and Secretary at Magnolia Bancorp, Inc..

Action: resigned
Role: Executive Vice President, Chief Financial Officer and Secretary

Exact text from the filing

On August 10, 2026, Donice Wagner submitted her voluntary resignation of her positions as the Executive Vice President, Chief Financial Officer and Secretary of Magnolia Bancorp, Inc. (“Magnolia”) and its wholly owned subsidiary Mutual Savings and Loan Association (“Mutual Savings”), in each case effective as of August 21, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael L. Hurley changed role as Executive Chair and Chief Executive Officer at Magnolia Bancorp, Inc..

Action: changed title to
Role: Executive Chair and Chief Executive Officer

Exact text from the filing

The new titles for Michael L. Hurley will be Executive Chair and Chief Executive Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert W. Kimbro changed role as President and Chief Financial Officer at Magnolia Bancorp, Inc..

Action: changed title to
Role: President and Chief Financial Officer

Exact text from the filing

and the new titles for Robert W. Kimbro will be President and Chief Financial Officer, in each effective upon Ms. Wagner’s departure.

View on SEC.gov

Magnolia Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0000927089-26-000148

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