On March 27, 2014, the board of directors of Harvard Illinois Bancorp, Inc. and Harvard Savings Bank elected Duffield J. Seyller III as chairman of the board of directors for both the company and the bank, effective as of March 27, 2014. Mr. Seyller was elected as chairman of the board of directors following his retirement as president and chief executive officer of the company and the bank, effective as of February 28, 2014. In addition, on March 27, 2014, the board of directors of the company and the bank elected William D. Schack as vice chairman of the board of directors for both the company and the bank, effective as of March 27, 2014.