Kentucky First Federal Bancorp Announces Appointment of Director, Selection of Chairman
Kentucky First Federal Bancorp (Nasdaq: KFFB) has announced significant changes to its board of directors. R. Clay Hulette has been appointed to the company's board, serving until the annual meeting on November 14, 2024, where he will run for a two-year term. Hulette, a long-time member of First Federal Savings Bank of Kentucky's board since 2012, has an extensive history with the company, including roles as Vice President, Treasurer, President, and CFO before retiring on January 1, 2024.
Additionally, Walter G. Ecton, Jr. has been elected as the new Chairman of the Board for Kentucky First Federal Bancorp. Ecton has been a director of the company since its inception in 2005 and also serves as a director for First Federal Savings and Loan of Hazard. These appointments represent significant leadership changes for KFFB, potentially impacting the company's future direction and governance.
Kentucky First Federal Bancorp (Nasdaq: KFFB) ha annunciato importanti cambiamenti nel suo consiglio di amministrazione. R. Clay Hulette è stato nominato membro del consiglio dell'azienda, con un mandato che durerà fino all'assemblea annuale del 14 novembre 2024, dove si candidarà per un mandato di due anni. Hulette, membro di lungo corso del consiglio di First Federal Savings Bank of Kentucky dal 2012, vanta un'ampia esperienza con l'azienda, avendo ricoperto ruoli come Vice Presidente, Tesoriere, Presidente e CFO prima di ritirarsi il 1° gennaio 2024.
Inoltre, Walter G. Ecton, Jr. è stato eletto nuovo Presidente del Consiglio di Amministrazione di Kentucky First Federal Bancorp. Ecton è stato direttore dell'azienda sin dalla sua fondazione nel 2005 e ricopre anche il ruolo di direttore di First Federal Savings and Loan di Hazard. Queste nomine rappresentano cambiamenti significativi nella leadership di KFFB, con potenziali ripercussioni sulla direzione futura e sulla governance dell'azienda.
Kentucky First Federal Bancorp (Nasdaq: KFFB) ha anunciado cambios significativos en su junta directiva. R. Clay Hulette ha sido nombrado miembro de la junta de la empresa, sirviendo hasta la reunión anual del 14 de noviembre de 2024, donde se postulará para un mandato de dos años. Hulette, un miembro de larga data de la junta de First Federal Savings Bank de Kentucky desde 2012, tiene una amplia trayectoria con la empresa, incluyendo roles como Vicepresidente, Tesorero, Presidente y CFO antes de retirarse el 1 de enero de 2024.
Además, Walter G. Ecton, Jr. ha sido elegido nuevo Presidente de la Junta para Kentucky First Federal Bancorp. Ecton ha sido director de la empresa desde su fundación en 2005 y también es director de First Federal Savings and Loan de Hazard. Estos nombramientos representan cambios significativos en el liderazgo de KFFB, que podrían impactar la dirección futura y la gobernanza de la empresa.
켄터키 퍼스트 페더럴 뱅콥(Kentucky First Federal Bancorp)(Nasdaq: KFFB)이 이사회의 중요한 변화를 발표했습니다. R. Clay Hulette가 회사 이사회에 선임되어 2024년 11월 14일 연례 회의까지 재직하며, 2년 임기로 출마할 예정입니다. Hulette는 2012년부터 켄터키 퍼스트 페더럴 세이빙스 뱅크의 이사로 활동해 왔으며, 퇴직 전에는 부사장, 재무 이사, 사장 및 CFO로서 광범위한 경력을 쌓았습니다.
추가로, Walter G. Ecton, Jr.가 켄터키 퍼스트 페더럴 뱅콥의 새로운 이사회 의장으로 선출되었습니다. Ecton은 2005년 설립 이후 회사를 이끌어온 이사이며, 또한 하자드의 퍼스트 페더럴 세이빙스 앤 론의 이사로 재직 중입니다. 이러한 임명은 KFFB의 리더십에 중대한 변화를 의미하며, 회사의 향후 방향과 거버넌스에 잠재적인 영향을 미칠 수 있습니다.
Kentucky First Federal Bancorp (Nasdaq: KFFB) a annoncé d'importants changements au sein de son conseil d'administration. R. Clay Hulette a été nommé membre du conseil de l'entreprise, avec un mandat qui durera jusqu'à l'assemblée annuelle du 14 novembre 2024, où il se présentera pour un mandat de deux ans. Hulette, membre de longue date du conseil de First Federal Savings Bank du Kentucky depuis 2012, possède une vaste expérience au sein de l'entreprise, ayant occupé des rôles tels que Vice-président, Trésorier, Président et CFO avant de prendre sa retraite le 1er janvier 2024.
De plus, Walter G. Ecton, Jr. a été élu nouveau Président du Conseil pour Kentucky First Federal Bancorp. Ecton est membre du conseil depuis la création de l'entreprise en 2005 et occupe également des fonctions de directeur à la First Federal Savings and Loan de Hazard. Ces nominations représentent des changements significatifs dans la direction de KFFB, pouvant avoir un impact potentiel sur l'orientation future et la gouvernance de l'entreprise.
Kentucky First Federal Bancorp (Nasdaq: KFFB) hat bedeutende Veränderungen in seinem Vorstand angekündigt. R. Clay Hulette wurde in den Vorstand des Unternehmens berufen, wo er bis zur Jahreshauptversammlung am 14. November 2024 seinen Dienst leisten wird, bei der er sich um eine zweijährige Amtszeit bewerben wird. Hulette, der seit 2012 langjähriges Mitglied des Vorstands der First Federal Savings Bank of Kentucky ist, hat eine umfassende Geschichte im Unternehmen, einschließlich der Positionen als Vice President, Treasurer, President und CFO, bevor er am 1. Januar 2024 in den Ruhestand trat.
Zusätzlich wurde Walter G. Ecton, Jr. zum neuen Vorsitzenden des Vorstands von Kentucky First Federal Bancorp gewählt. Ecton ist seit der Gründung des Unternehmens im Jahr 2005 Direktor und ist auch Direktor der First Federal Savings and Loan in Hazard. Diese Ernennungen stellen bedeutende Veränderungen in der Führung von KFFB dar und könnten zukünftige Auswirkungen auf die Unternehmensausrichtung und -governance haben.
- Appointment of R. Clay Hulette to the board brings extensive company experience
- Walter G. Ecton, Jr.'s election as Chairman provides continuity in leadership
- Both appointees have long-standing relationships with the company and its subsidiaries
- None.
HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company for First Federal Savings Bank of Kentucky and First Federal Savings and Loan of Hazard, has announced that R. Clay Hulette has been selected to the company’s board of directors. He will serve until the company’s annual meeting, to be held on November 14, 2024, at which time he will run for a two-year term to complete the unexpired term of the retried Tony Whitaker.
Mr. Hulette is currently a member of the Board of Directors of First Federal Savings Bank of Kentucky and has served in that capacity since 2012. Mr. Hulette was employed at First Federal in 1997 and served as Vice President and Treasurer until 2007, at which point he was named President of First Federal. Mr. Hulette also served as Chief Financial Officer of Kentucky First Federal Bancorp beginning at its inception in 2005. Mr. Hulette retired from the bank and company on January 1, 2024. Mr. Hulette’s spouse, Teresa Hulette, serves as Executive Vice President of First Federal.
Walter G. Ecton, Jr., has been elected Chairman of the Board of Kentucky First Federal Bancorp. Mr. Ecton has been a director of the company since its inception in 2005. Mr. Ecton is also a director of First Federal Savings and Loan of Hazard, a position he has held since 2004. Mr. Ecton is engaged in the private practice of law in Richmond, Kentucky.
This press release may contain certain statements that are not historical facts and are considered “forward-looking statements” under the Private Securities Litigation Reform Act of 1995, that are subject to certain risks and uncertainties. These forward-looking statements may be identified by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “estimate,” “intend” and “potential,” or words of similar meaning, or future or conditional verbs such as “should,” “could,” or “may.” Forward-looking statements include statements of our goals, intentions and expectations; statements regarding our business plans, prospects, growth and operating strategies; statements regarding the quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits. Kentucky First Federal Bancorp’s actual results, performance or achievements may materially differ from those expressed or implied in the forward-looking statements. Risks and uncertainties that could cause or contribute to such material differences include, but are not limited to general economic conditions; prices for real estate in the Company’s market areas; the interest rate environment and the impact of the interest rate environment on our business, financial condition and results of operations; our ability to successfully execute our strategy to increase earnings, increase core deposits, reduce reliance on higher cost funding sources and shift more of our loan portfolio towards higher-earning loans; our ability to pay future dividends and if so at what level; our ability to receive any required regulatory approval or non-objection for the payment of dividends from First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky to the Company or from the Company to shareholders; competitive conditions in the financial services industry; changes in the level of inflation; changes in the demand for loans, deposits and other financial services that we provide; the possibility that future credit losses may be higher than currently expected; competitive pressures among financial services companies; the ability to attract, develop and retain qualified employees; our ability to maintain the security of our data processing and information technology systems; the outcome of pending or threatened litigation, or of matters before regulatory agencies; changes in law, governmental policies and regulations, rapidly changing technology affecting financial services, and the other matters mentioned in Item 1A of the Company’s Annual Report on Form 10-K for the year ended June 30, 2023 and in the Company’s Quarterly Report on Form 10-Q for the period ended December 31, 2023 and for the period ended September 30, 2023. Except as required by applicable law or regulation, the Company does not undertake the responsibility, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events.
Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association, which operates one banking office in Hazard, Kentucky and First Federal Savings Bank of Kentucky, which operates six banking offices in Kentucky, including three in Frankfort, two in Danville, and one in Lancaster. Kentucky First Federal Bancorp shares are traded on the NASDAQ National Market under the symbol KFFB. At June 30, 2024, the Company had approximately 8,086,715 shares outstanding of which approximately
Contact:
Kentucky First Federal Bancorp
Don Jennings, President
(502) 223-1638
FAQ
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