secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Bancorp, Inc. (MGNO)
CIK:        0002033615
Form:       8-K
Filed at:   2026-08-13T16:18:01+00:00
Accession:  0000927089-26-000148
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2033615/000092708926000148/0000927089-26-000148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2033615/000092708926000148/mban20260813_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-26-000148

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer