{"schema_version":"secwatch.filing_event.v1","accession":"0001552781-24-000218","form_type":"8-K","ticker":"BCTF","cik":"0001668340","company_name":"Bancorp 34, Inc.","filed_at":"2024-04-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.504357+00:00","generated_at":"2026-06-04T01:50:59.603307+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Bancorp 34 appoints Ciaran McMullan as Chairman and CEO; Crotty resigns","bullets":["James Crotty resigned as CEO and director of Bancorp 34 and the Bank, effective April 1, 2024; resignation not due to disagreement.","Ciaran McMullan appointed Chairman, CEO; two-year term ending April 1, 2026; base salary $350,000; bonus up to 40% of base.","McMullan to receive three annual equity grants of 110,000, 39,000, and 26,000 shares under new equity plan.","McMullan previously CEO of Suncrest Bank; also led NAB's U.S. regional bank and chaired Great Western Bancorporation.","Under Crotty, company grew to ~$1B assets and completed merger with CBOA Financial."],"urls":{"canonical":"https://secwatch.observer/filing/0001552781-24-000218","json":"https://secwatch.observer/filing/0001552781-24-000218.json","markdown":"https://secwatch.observer/filing/0001552781-24-000218.md","text":"https://secwatch.observer/filing/0001552781-24-000218.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1668340/000155278124000218/0001552781-24-000218-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1668340/000155278124000218/e24167_bctf-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T01:50:59.603307+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"744cfdcb8e","claim":"Ciaran McMullan was appointed as Chairman and Chief Executive Officer at Bancorp 34, Inc..","evidence_excerpt":"On April 1, 2024, the boards of directors of Bancorp 34, Inc. (the “ Company ”) and its wholly owned subsidiary, Southwest Heritage Bank (the “ Bank ”) each appointed Ciaran McMullan as the new Chairman and Chief Executive Officer of the Company and the Bank, respectively.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1668340/000155278124000218/0001552781-24-000218-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chairman and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}