---
schema_version: "secwatch.filing_event.v1"
accession: "0000927089-26-000148"
form_type: "8-K"
ticker: "MGNO"
cik: "0002033615"
company_name: "Magnolia Bancorp, Inc."
filed_at: "2026-08-13T16:18:01+00:00"
generated_at: "2026-08-13T16:19:13.443681+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000927089-26-000148
- form_type: 8-K
- ticker: MGNO
- cik: 0002033615
- company_name: Magnolia Bancorp, Inc.
- filed_at: 2026-08-13T16:18:01+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2033615/000092708926000148/0000927089-26-000148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2033615/000092708926000148/mban20260813_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000927089-26-000148
- JSON: https://secwatch.observer/filing/0000927089-26-000148.json
- Plain text: https://secwatch.observer/filing/0000927089-26-000148.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2033615/000092708926000148/0000927089-26-000148-index.htm
- Executive change
  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
  source text: The new titles for Michael L. Hurley will be Executive Chair and Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/2033615/000092708926000148/0000927089-26-000148-index.htm
- Executive change
  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
  source text: and the new titles for Robert W. Kimbro will be President and Chief Financial Officer, in each effective upon Ms. Wagner’s departure.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2033615/000092708926000148/0000927089-26-000148-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.