Carlos Iafigliola served as the Company's Senior Executive Vice President and Chief Operating Officer from June 1, 2023 until November 5, 2025, when he was appointed Interim CEO. In 2025, Mr. Iafigliola led and oversaw significant operational, technology, and business transformation initiatives across the organization, including completion of major payments and deposit infrastructure upgrades, enhancements of digital lending, CRM, and treasury management platforms, and remediation of key audit and credit review processes. He successfully managed a broad portfolio of critical enterprise projects, strengthened fraud prevention and risk management practices, and supported strategic expansions through new branch development and facilities enhancements. Mr. Iafigliola also played a central role in talent acquisition and organizational development. In November 2025, he assumed the role of Interim Chief Executive Officer and promptly implemented targeted actions to reduce problem loans, lowered operating expenses through the termination and renegotiation of key contracts, and initiated strategic evaluations aimed at enhancing long term credit quality, cost efficiency, and organizational effectiveness. Mr. Iafigliola has entered into a Restrictive Covenant Agreement that includes customary intellectual property, non-solicitation, non-compete and confidentiality provisions. He participates in the Executive Deferred Compensation Plan. His 2024 base salary was $525,000 and his 2025 base salary was $550,000 as Senior Executive Vice President and Chief Operating Officer, with an annualized base salary of $850,000 effective November 5, 2025 for his service as Interim CEO. In 2025, he was awarded 6,921 RSUs and 6,921 PSUs as part of his long-term incentive compensation.