---
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"
generated_at: "2026-06-04T01:50:59.603307+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bancorp 34 appoints Ciaran McMullan as Chairman and CEO; Crotty resigns

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-24-000218
- JSON: https://secwatch.observer/filing/0001552781-24-000218.json
- Plain text: https://secwatch.observer/filing/0001552781-24-000218.txt

## Key facts
- Executive change
  Ciaran McMullan was appointed as Chairman and Chief Executive Officer at Bancorp 34, Inc..
  - Action: appointed
  - Role: Chairman and Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1668340/000155278124000218/0001552781-24-000218-index.htm

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