Michael L. Hurley

Chairman, President, and Chief Executive Officer at Magnolia Bancorp Inc

Board

Since 1984

Age

76 years

Tenure

Joined MGNO in 1984 as President and Chief Executive Officer and assumed the role of Chairman in 1993.

Also at Magnolia Bancorp Inc

ACC

Anita C. Cambre

Vice President, Secretary, and Chief Financial Officer

About

With over 40 years of experience in the banking industry, this executive has provided consistent leadership at MGNO and its subsidiary, guiding the organization through significant transitions including the conversion to stock form in January 2025.

At 76 years old as of December 31, 2024, the leader is known for navigating the company through various economic challenges while maintaining a strong focus on customer service and operational excellence.

Throughout the lengthy tenure, the executive’s career has been marked by progressive responsibility, having joined as President and CEO in 1984 and later assuming the role of Chairman in 1993, thereby contributing to the organization's stability and strategic growth.

$MGNO Performance Under Michael L. Hurley

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Salary	$295,630	Annual	Annual base salary for 2024
Bonus	$0	N/A	No bonus was paid in 2024
Automobile-related expenses	$24,076	Annual	Includes $18,978 in depreciation recognized by Mutual Savings and Loan Association
Health and dental insurance premiums	$22,905	Annual	Represents the difference between 100% premium for Mr. Hurley and percentage paid for other employees
Profit-sharing employer contribution	$6,212	Annual	Employer contribution to his retirement account for 2024
Board fees	$6,600	Annual	Board fees for 2024

Performance Compensation

Data from FY 2024

No information available on performance compensation for 2024