1895 Bancorp of Wisconsin Extends Employment Agreements for Key Executives

On December 20, 2024, 1895 Bancorp of Wisconsin, Inc. announced the extension of the employment agreements for key executives at PyraMax Bank. The Boards of Directors have agreed to extend the terms of employment agreements for David Ball, President and Chief Executive Officer, Steven T. Klitzing, Executive Vice President and Chief Financial Officer and Treasurer, Daniel Kempel, Senior Vice President and Chief Credit Officer, Eric T. Hurd, Senior Vice President and Chief Lending Officer, and Monica Baker, Executive Vice President and Chief Operating Officer.

The extended agreements stipulate that the terms will expire on January 19, 2028, for Mr. Ball, who has a three-year agreement, and on July 8, 2026, for Mr. Klitzing, Mr. Kempel, Mr. Hurd, and Ms. Baker, who each have 18-month agreements. The announcement noted that there were no other changes to the terms of the employment agreements.

This move by 1895 Bancorp of Wisconsin underscores a commitment to retaining key leadership and ensuring stability within the organization. The extensions provide continuity and stability within the executive team, which is essential for strategy implementation and sustained growth.

The signing of the documents was completed on December 27, 2024, with David R. Ball, Chief Executive Officer and President of 1895 Bancorp of Wisconsin, Inc., signing on behalf of the company.

Source: SEC Filing on December 20, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read 1895 Bancorp of Wisconsin’s 8K filing here.

About 1895 Bancorp of Wisconsin

1895 Bancorp of Wisconsin, Inc operates as a holding company for PyraMax Bank, FSB that provides a range of financial services to commercial and retail customers. The company offers checking, savings, certificate of deposits, and individual retirement accounts. Its loan products include one- to four-family residential real estate, residential real estate construction, commercial real estate, and land development loans; commercial loans and lines of credit secured by non-real estate business assets; mortgages; and consumer loans, such as home equity lines of credit, automobile loans, and recreational vehicle loans.