• Magnolia Bancorp named Robert W. Kimbro president, CEO of the company, effective June 1, 2026.
• Michael L. Hurley shifted from chairman, president, CEO to executive chair at Magnolia, Mutual Savings and Loan Association; served Mutual Savings over 42 years.
• Kimbro takes day-to-day oversight at Magnolia, Mutual Savings, including banking operations, customer service, lending, compliance.
• Mutual Savings formed an executive committee with the executive chair, president and CEO, CFO to steer strategic priorities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magnolia Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000927089-26-000101), on June 01, 2026, and is solely responsible for the information contained therein.