Highest-materiality recent filing
Bancorp 34 files CBOA audited financials: net income $2.4M in 2023, down 30% YoY
CBOA total assets $434.8M, deposits $339.8M, loans $324.6M as of Dec 31, 2023.
Bancorp 34 Reports CEO James Crotty's Resignation and Separation Agreement
CEO James Crotty resigned effective April 1, 2024; replaced by Ciaran McMullan as Chairman and CEO of Bancorp 34 and Southwest Heritage Bank.
Bancorp 34 appoints Ciaran McMullan as Chairman and CEO; Crotty resigns
James Crotty resigned as CEO and director of Bancorp 34 and the Bank, effective April 1, 2024; resignation not due to disagreement.
Bancorp 34 closes CBOA merger, creating $1B asset bank; Webster named President
Bancorp 34 issued ~2.74M shares valued at $24.5M to CBOA shareholders at 0.2628 exchange ratio.
Bancorp 34 reports Q4 net loss $1.7M; merger with CBOA expected to close March 2024
Net loss $1.7M, diluted EPS ($0.40), vs ($1.9M) and ($0.81) in Q4 2022.
Revised Q3 2023 net loss of $2.3M (-$0.52 EPS) vs previously reported net income of $3,000.
Ciaran McMullan was appointed as Chairman and Chief Executive Officer of the Company and the Bank effective as of April 1, 2024.
James T. Crotty, the Chief Executive Officer of the Company and Southwest Heritage Bank (the “Bank”), resigned from those positions as well as from his positions as a member of the boards of directors of the Company and the Bank, effective immediately.
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.
The Board elected each of Robert Decker, Bill Assenmacher and Chris Webster to serve as members of the Board.
William F. Burt, Wortham (Pete) Cook and Don Van Winkle each resigned from the Board of Directors of Bancorp 34
The Board elected each of Robert Decker, Bill Assenmacher and Chris Webster to serve as members of the Board.
Mr. Chris Webster was appointed as the President of Bancorp 34.
William F. Burt, Wortham (Pete) Cook and Don Van Winkle each resigned from the Board of Directors of Bancorp 34
William F. Burt, Wortham (Pete) Cook and Don Van Winkle each resigned from the Board of Directors of Bancorp 34
The Board elected each of Robert Decker, Bill Assenmacher and Chris Webster to serve as members of the Board.
Max materiality 0.85 · Median 0.70 · Most common event m_and_a