Monroe Federal Bancorp, Inc. (MFBI) Form 8-K — Oct 28, 2026

$MFBIForm 8-KItems 5.02, 9.01Filed Oct 28, 2026, 5:05 PM ET0000943374-26-000459Original filing

Monroe Federal Bancorp announced that Lewis R. Renollet retired as President and CEO of the company and its bank subsidiary, Monroe Federal Savings and Loan Association, effective October 26, 2026. Charles G. Brown III, age 60, was appointed to succeed him, bringing over 40 years of banking experience including CEO roles at Signature Bank of Georgia and Loyal Trust Bank.

Key figures

Noncompete period: one year
Cic severance multiple: 3x base salary plus highest bonus of prior three fiscal years
New ceo base salary usd: 215000
Retiring ceo salary usd: 120000
Relocation reimbursement usd: 25000

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