On November 13, 2022, the Board of Directors of PB Bankshares, Inc. appointed Bony R. Dawood to the Company's Board of Directors. In addition, the Board of Directors of Presence Bank (the “Bank”), the Company's bank subsidiary, also appointed Mr. Dawood to the Bank's Board of Directors. Mr. Dawood is the President and Chief Executive Officer of Dawood Engineering, Inc., a multi-discipline engineering and technology firm with operations throughout the U.S., Europe, and Asia based in Harrisburg, Pennsylvania.