Van Wert Federal Savings Bank expects to appoint Michael D. Cahill to serve as Chief Executive Officer. Mr. Cahill will initially serve as a consultant to the Bank and the Bank expect to formally appoint him to serve as Chief Executive Officer of the Bank effective as of January 1, 2023. The Bank also expect to appoint him to the boards of directors of the Bank effective as of January 1, 2023.

Mr. Cahill, age 62 and a certified public accountant, has extensive experience in the financial services industry, and related industries, including having served as past President and Chief Executive Officer of the former Tower Financial Corporation and its bank subsidiary, Tower Bank and Trust Company, Ft. Wayne, Indiana. He also served as a board member and Vice Chairman of Centier Bank, Whiting, Indiana, and as a board member of the Indiana Bankers Association.

He serves on the faculty of the Graduate School of Banking at Colorado. On September 30, 2022, the Bank and Mr. Cahill entered into a consulting agreement with respect to his consulting services and an employment agreement with respect to his expected appointment to serve as President and Chief Executive Officer.