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CFO transition at TFS Financial (NASDAQ: TFSL) as Weil plans exit

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(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

TFS Financial Corporation, parent of Third Federal Savings and Loan, announced that long‑time executive and current Chief Financial Officer and Board member Meredith S. Weil will retire effective January 2027.

James E. LaRocca, age 42, will join Third Federal as Finance and Accounting Officer on June 29, 2026, and is expected to succeed Ms. Weil as CFO upon her retirement. LaRocca is a certified public accountant and previously served as Executive Vice President and CFO of Westfield Bank in Ohio.

Third Federal describes itself as a leading provider of savings and mortgage products with assets of $17.50 billion as of December 31, 2025, operating branches in Ohio and Florida and lending across 28 states and the District of Columbia.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Weil retirement effective January 2027 Planned retirement date for CFO and Board member
LaRocca start date June 29, 2026 Joins as Finance and Accounting Officer of Third Federal
LaRocca age 42 years Age of incoming finance executive
Total assets $17.50 billion As of December 31, 2025 for TFS Financial
Northeast Ohio branches 21 branches Full service branches in Northeast Ohio
Florida branches 15 branches Full service branches throughout Florida
States where it lends 28 states plus DC Mortgage lending footprint for Third Federal
Chief Financial Officer financial
"announced the retirement of Meredith S. Weil as a member of the Board of Directors and Chief Financial Officer (CFO)"
A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
Board of Directors financial
"Today, Third Federal ... announced the retirement of Meredith S. Weil as a member of the Board of Directors and Chief Financial Officer"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
certified public accountant financial
"Mr. LaRocca is a certified public accountant registered in the state of Ohio"
A certified public accountant (CPA) is a licensed accounting professional who has passed rigorous exams and met education and experience requirements to prepare, review, and officially certify financial statements and tax filings. For investors, a CPA's involvement is like a neutral referee confirming that a company's reported numbers are accurate and follow accounting rules, which improves trust in financial reports and lowers the risk of unexpected errors or misleading information.
equal housing lender financial
"Third Federal, an equal housing lender, has 21 full service branches in Northeast Ohio"
A lender who uses the phrase or logo “Equal Housing Lender” is signaling compliance with U.S. fair‑housing and anti‑discrimination rules that require mortgage and housing-related credit decisions to be based on financial factors, not race, gender, national origin, disability or similar traits. For investors, that label matters because it indicates the institution is managing legal and reputational risk associated with discriminatory lending; compliance helps protect a lender’s ability to originate loans, maintain regulatory standing and avoid costly fines or lawsuits — similar to a restaurant displaying health inspection compliance to reassure patrons and regulators.
mutual association financial
"Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski"
Understanding 8-K Material Events →
0001381668FALSE00013816682026-04-022026-04-02

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) April 2, 2026
 
TFS FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
 
United States of America 001-33390 52-2054948
(State or other jurisdiction
of incorporation)		 (Commission
File Number)		 (IRS Employer
Identification No.)
7007 Broadway Ave.,Cleveland,Ohio44105
(Address of principle executive offices)(Zip Code)
Registrant's telephone number, including area code (216) 441-6000
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act
Title of each classTrading Symbol(s)Name of each exchange in which registered
Common Stock, par value $0.01 per shareTFSLThe NASDAQ Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o





Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 2, 2026, TFS Financial Corporation (“the Company”) (NASDAQ: TFSL), the holding company for Third Federal Savings and Loan Association of Cleveland (“Third Federal”), announced that Meredith S. Weil, a member of the Board of Directors (“the Board”) and Chief Financial Officer, will retire from her employment and her position on the Board effective January 2027.
The Company further reported that James E. LaRocca, 42, will join the Company as Vice President and as Finance and Accounting Officer of Third Federal on June 29, 2026. It is anticipated that he will succeed Ms. Weil as Chief Financial Officer of the Company upon her retirement. Mr. LaRocca most recently held the role of Executive Vice President and Chief Financial Officer at Westfield Bank in Westfield Center, Ohio. He joined Westfield in 2010 and has served in multiple leadership positions within the accounting and finance departments. Mr. LaRocca is a certified public accountant registered in the state of Ohio.
Mr. LaRocca will be entitled to benefits consistent with those extended to associates in comparable roles. He has no familial ties to any director or executive officer of the Company and has not participated in any transactions with the Company or the Bank that would require disclosure pursuant to Item 404(a) of the Securities and Exchange Commission Regulation S-K.
For further information concerning Mr. LaRocca’s background, reference is made to the press release dated April 2, 2026, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.




FORM 8-K EXHIBIT INDEX


Exhibit No.

99.1 Press release dated April 2, 2026
104     Cover Page Interactive Data File (embedded within the Inline XBRL document)




SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
     
 
TFS FINANCIAL CORPORATION
(Registrant)
 
 
Date: April 2, 2026By:/s/ Meredith S. Weil 
  Meredith S. Weil 
  Chief Financial Officer 
 


Contact:    Jennifer L. Rosa
        Public Relations Manager
        (216) 429-5037

WEIL RETIRING; LAROCCA JOINS THIRD FEDERAL

CLEVELAND – April 2, 2026 – Today, Third Federal Savings & Loan Association of Cleveland (Third Federal), the primary business subsidiary of TFS Financial Corporation (Nasdaq: TFSL), announced the retirement of Meredith S. Weil as a member of the Board of Directors and Chief Financial Officer (CFO), effective January 2027.

As a part of the statement, the company also announced that James E. LaRocca will be joining Third Federal as Finance and Accounting Officer on June 29, 2026.

Ms. Weil has been with Third Federal since 1999, serving most recently as Chief Financial Officer since 2024. She has been a member of the Board of Directors since 2014. Prior to this role Ms. Weil served as the Chief Operating Officer of the company from 2012-2023.

“Meredith’s impact in the last nearly 30 years has been fundamental to the success of our company,” said Chairman and CEO Marc A. Stefanski. “Her management roles during her time with us have touched every part of Third Federal. Her commitment to our values and our associates has been vital during her time here, and her influence on Third Federal will last far beyond her retirement. We welcome Jim to the Third Federal family and look forward to his contributions for years to come.”

James E. LaRocca will join the company as Finance and Accounting Officer in June. It is expected that he will assume Ms. Weil’s role as CFO upon her retirement.
Mr. LaRocca was most recently EVP, Chief Financial Officer of Westfield Bank, in Westfield Center, Ohio. Westfield Bank was acquired by First Financial Bancorp in November 2025. Mr. LaRocca began his tenure with Westfield in 2010, holding various leadership roles in accounting and finance. Prior to joining Westfield, he served as a Senior Auditor with Ernst & Young.

Mr. LaRocca holds a BA in Accounting and an MBA from Baldwin-Wallace University. He is also a licensed CPA in the state of Ohio.
Third Federal Savings and Loan Association is a leading provider of savings and mortgage products, and operates under the values of love, trust, respect, a commitment to excellence and fun. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, Third Federal’s mission is to help people achieve the dream of home ownership and financial security. It became part of a public company in 2007 (Nasdaq: TFSL). Third Federal, which lends in 28 states and the District of Columbia, is dedicated to serving consumers with competitive rates and outstanding service. Third Federal, an equal housing lender, has 21 full service branches in Northeast Ohio, mortgage lending offices in Central and Southern Ohio, and 15 full service branches throughout Florida. As of December 31, 2025, the Company’s assets totaled $17.50 billion.


Source: View Original Filing on SEC EDGAR

FAQ

What executive change did TFS Financial (TFSL) announce?

TFS Financial announced that Chief Financial Officer and Board member Meredith S. Weil will retire in January 2027. The company also plans for James E. LaRocca to succeed her as CFO after he joins as Finance and Accounting Officer in June 2026.

Who is replacing Meredith Weil as CFO at TFS Financial (TFSL)?

James E. LaRocca is expected to replace Meredith Weil as CFO upon her retirement. He will first join Third Federal as Finance and Accounting Officer on June 29, 2026, bringing prior experience as Executive Vice President and CFO of Westfield Bank in Ohio.

When will Meredith Weil retire from TFS Financial (TFSL)?

Meredith S. Weil will retire as Chief Financial Officer and Board member effective January 2027. She has been with Third Federal since 1999, previously serving as Chief Operating Officer from 2012 to 2023 and as a Board member since 2014.

What is James LaRocca’s background before joining TFS Financial (TFSL)?

James E. LaRocca most recently served as Executive Vice President and Chief Financial Officer of Westfield Bank in Westfield Center, Ohio. He joined Westfield in 2010, previously worked as a Senior Auditor at Ernst & Young, and is a licensed CPA in Ohio.

How large is TFS Financial and Third Federal’s balance sheet?

As of December 31, 2025, TFS Financial reported total assets of $17.50 billion. Third Federal operates as a leading savings and mortgage provider with branch networks in Ohio and Florida and mortgage lending across 28 states and the District of Columbia.

What business does Third Federal, the subsidiary of TFS Financial (TFSL), focus on?

Third Federal focuses on savings and mortgage products for consumers. Founded in 1938 in Cleveland, it emphasizes values such as love, trust, respect, and excellence, and aims to help people achieve home ownership and financial security through competitive rates and service.

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