Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 1022

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 3
Chunk 1022
---
 Director Independence—Arrangements with Castle Creek Fund VIII, L.P. and Brush Creek-B 34, LLC” for a description
of the terms of the securities purchase agreements.

    Name
     
    Age
     
    Served
    as Director Since
  
    Class I
    (term expires 2027)

    Randal
    L. Rabon
     
    68
     
    2007
  
    Robert
    Decker
     
    63
     
    2024

    Class II
    (term expires 2025)

    Ciaran
    McMullan
     
    56
     
    2024
  
    Bill
    Assenmacher
     
    73
     
    2024
  
    Spencer
    T. Cohn
     
    37
     
    2023

    Class III
    (term expires 2026)

    Elaine
    E. Ralls
     
    76
     
    2014
  
    Chris
    Webster
     
    72
     
    2024
  
    Kevin
    Ahern
     
    62
     
    2023

Biographical
Information for Directors

Ciaran
McMullan has held multiple CEO roles in the U.S. community and regional banking sector and
has extensive international experience at multi-national banking organizations, financial technology companies and advisory firms. He
currently serves as the Chairman and Chief Executive Officer of Bancorp 34 and Southwest Heritage Bank in Arizona and is also a Director
of Blue Ridge Bancshares and Blue Ridge Bank in Virginia. Previous bank leadership roles include President and Chief Executive
Officer of Suncrest Bank in California, Chief Executive Officer of National Australia Bank’s U.S. regional bank in Illinois, and
Chairman of the Great Western Bancorporation in South Dakota.

Randal
L. Rabon has served as a director since 2007 and is a lifelong resident of Alamogordo where
he co-owns and operates several businesses. His primary interests include C&R Ventures; The Heritage Group (developer of Mesa Village
and Cielo Vista Ranch subdivisions); and the Mesa Verde Ranch. Mr. Rabon’s deep economic roots in the community and experience
dealing with regulatory matters associated with banking and government contracts are highly beneficial in bringing perspective to corporate
governance matters.

Robert