# EDGAR Filing Document

**Accession Number:** 0001849466
**File Stem:** 0000943374-25-000472
**Filing Date:** 2025-11
**Character Count:** 81476
**Document Hash:** b296161c986bbbf2290b37c565c92d6a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000943374-25-000472.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0000943374-25-000472

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20251110

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Texas Community Bancshares, Inc.
- **CENTRAL INDEX KEY:** 0001849466
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 862760335
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40610
- **FILM NUMBER:** 251479098

**BUSINESS ADDRESS:**
- **STREET 1:** 215 WEST BROAD STREET
- **CITY:** MINEOLA
- **STATE:** TX
- **ZIP:** 75773
- **BUSINESS PHONE:** 903-569-2602

**MAIL ADDRESS:**
- **STREET 1:** 215 WEST BROAD STREET
- **CITY:** MINEOLA
- **STATE:** TX
- **ZIP:** 75773

?xml version='1.0' encoding='ASCII'?

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, D.C. 20549

#### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 10, 2025

#### Texas Community Bancshares, Inc.
(Exact Name of Registrant as Specified in its Charter)

---

| | | | |
|:---|:---|:---|:---|
| Maryland<br>| 001-40610<br>| 86-2760335 | 86-2760335 |
| (State or Other Jurisdiction of Incorporation) | (Commission File No.) | (I.R.S. Employer Identification No.) | (I.R.S. Employer Identification No.) |
| 215 West Broad Street, Mineola, Texas | 215 West Broad Street, Mineola, Texas | | 75773<br>|
| (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | | (Zip Code) |

---

<u>(903) 569-2602</u>

(Registrant's telephone number, including area code)

<u>Not Applicable</u>

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Common stock, par value $0.01 per share<br>| TCBS<br>| The Nasdaq Stock Market, LLC<br>|
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |

---

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

------

---

| | |
|:---|:---|
| **Item 5.02.** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** |

---

On November 10, 2025, Julie Sharff notified Texas Community Bancshares, Inc. (the "Company") and its bank subsidiary, Broadstreet Bank, SSB (the "Bank"), that she intends to retire as the Company's and the Bank's Chief Financial Officer effective at the close of business on December 1, 2025. Following retirement, she will continue to serve as a full-time employee of the Company and the Bank until February 20, 2026, after which she will serve as a consultant to the Company through May 8, 2026.

The Company and the Bank intend to appoint Jason McCrary, CPA to succeed Ms. Sharff as Chief Financial Officer effective upon her retirement. Mr. McCrary (age 55) joined the Bank in December 2024 and currently serves as Vice President – Finance/Accounting. Before joining the Bank, he was employed by BTH Bank, NA, starting in January 2018, and served as its Chief Financial Officer from December 2020 until its acquisition by Origin Bank in October 2022. He continued to serve with Origin Bank through April 2024. There are no family relationships between Mr. McCrary and any Director or executive officer of the Company or the Bank. Mr. McCrary's appointment as Chief Financial Officer is not pursuant to any arrangement or understanding between him and any person other than the Company and the Bank.

In connection with Ms. Sharff's retirement, she, the Company and the Bank have entered into a Retirement Transition and Consulting Agreement (the "Transition Agreement"). The Transition Agreement serves to terminate Ms. Sharff's employment agreement with the Company and Bank, and the Company and the Bank have no further obligations under the employment agreement. The Transition Agreement provides that Ms. Sharff will resign as Chief Financial Officer of the Company and the Bank effective December 1, 2025. She will continue as a full-time employee of the Bank with the title of Senior Vice President until February 20, 2026, and will receive her current rate of base salary for services rendered through December 31, 2025. Ms. Sharff will receive a total salary of $20,000, payable in two monthly installments for her services and continued employment from January 1, 2026 to February 20, 2026. She will continue to receive or be eligible to receive all benefits offered to employees of the Bank through her retirement on February 20, 2026, and her split dollar life insurance agreement will be amended to provide for continued coverage and participation following retirement. She will forfeit all equity awards that are unvested as of February 20, 2026. Provided that Ms. Sharff elects continued health care coverage under the Consolidated Omnibus Budget Reconciliation Act ("COBRA") following her retirement, the Bank will reimburse the COBRA health care costs for Ms. Sharff and her dependents for up to 12 consecutive months, or if less, for the period for which she has elected COBRA coverage, commencing with the first month following her date of termination.

Pursuant to the Transition Agreement, Ms. Sharff will render consulting services to the Company beginning on February 21, 2026, and continuing through May 8, 2026. She will be reasonably available to the Company and the Bank for up to 10 hours per week to consult on Bank and Company matters. She will not be an employee of the Company or the Bank following February 20, 2026, but independent contractor. In exchange for the consulting services and her continued availability through May 8, 2026, Ms. Sharff will be paid two installments of $25,000 each, the first of which will be paid no later than May 15, 2026, and the second of which will be paid no later than September 15, 2026. The second payment may be reduced in the discretion of the Company's audit committee in the event of a material restatement of the Company's financial statements for any period while Ms. Sharff was Chief Financial Officer and which causes the Company to file a Form 8-K before September 11, 2026.

------

Ms. Sharff has agreed to certain non-solicitation provisions which apply during her period of employment under the Transition Agreement and for one year thereafter. In addition, the Transition Agreement contains confidentiality and non-disparagement provisions, and a release of claims by Ms. Sharff. In consideration for Ms. Sharff (i) remaining in the employ of the Bank until February 20, 2026, and (ii) executing and not revoking the release of claims, the Bank will pay her $100,000 in a lump sum on the first payroll date following the effective date of the release (after the expiration of the revocation period).

In connection with Mr. McCrary's appointment as Chief Financial Officer, he and the Bank have entered into an Employment Agreement (the "Employment Agreement"). The Employment Agreement has an initial term of one year from the effective date of December 1, 2025. Unless the Bank's board of directors provides notice to Mr. McCrary at least 30 days before the end of the term of the Employment Agreement, the term will renew for an additional year at the end of the initial term and each succeeding term. If a change in control occurs during the term of the Employment Agreement, the term of the Employment Agreement will automatically renew so that the term expires no sooner than 2 years from the effective date of the change in control.

The Employment Agreement provides that Mr. McCrary will receive an annual base salary of $150,000. The Bank's board of directors may increase or decrease the base salary at any time. In addition to receiving a base salary, he will be eligible to participate in any bonus program and benefit plans made available to senior management employees.

If either Mr. McCary voluntarily terminates employment without "good reason" or the Bank terminates his employment for "cause," he will be entitled to receive the sum of his (i) unpaid salary, (ii) unpaid expense reimbursements, (iii) accrued but unused paid time off and (iv) vested benefits under any employee benefit plan of the Bank (the "Accrued Obligations").

If Mr. McCrary's employment involuntary terminates for reasons other than "cause," disability or death, or if he resigns for "good reason," in either event other than in connection with a change in control, he will receive a severance payment, paid in a lump sum, equal to the Accrued Obligations plus the base salary and bonus (based on the highest annual bonus earned during the three most recent calendar years before his date of termination) he would have received during the remaining term of the Employment Agreement. In addition, if he elects COBRA coverage, the Bank will reimburse his monthly COBRA premium payments for up to 18 months.

If Mr. McCrary's employment involuntary terminates for reasons other than "cause," disability or death, or if he resigns for "good reason," in either event within 2 years following a change in control, he will receive a severance payment, paid in a lump sum, equal to the Accrued Obligations plus two times his base salary and average bonus earned during the three calendar years before the change in control. In addition, if he elects COBRA coverage, the Bank will reimburse his monthly COBRA premium payments for up to 18 months.

------

For purposes of the Employment Agreement, "good reason" includes (i) a material reduction in Mr. McCrary's base salary and/or aggregate incentive compensation opportunities under the Bank's annual and long-term incentive plans or programs, as applicable; (ii) a material reduction in his authority, duties or responsibilities from the attributes associated with his executive position; or (iii) a material breach of the Employment Agreement by the Bank*.*

Should Mr. McCrary become disabled during the term of the Employment Agreement, the Bank may terminate his employment, and he will receive the Accrued Obligations plus disability benefits, if any, provided under a long-term disability plan sponsored by the Bank. If he dies while employed by the Bank, his beneficiaries will receive the Accrued Obligations.

Upon termination of employment, Mr. McCrary must adhere to one-year non-solicitation restrictions set forth in the Employment Agreement.

**Item 7.01 Regulation FD Disclosure.**

On November 13, 2025, the Company issued a press release to announce the Chief Financial Officer transition disclosed in Item 5.02 above. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated into this Item 7.01 by reference.

**Item 9.01 Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

Exhibit No. Description

[10.1](ex10-1.htm) Retirement Transition and Consulting Agreement with Julie Sharff dated November 10, 2025

[10.2](ex10-2.htm) Employment Agreement with Jason McCrary dated December 1, 2025

[99.1](ex99-1.htm) Press Release dated November 13, 2025

104 Cover Page Interactive Data File (Embedded within Inline XBRL document)

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  |  | **TEXAS COMMUNITY BANCSHARES, INC.** |
| Date: November 13, 2025 | By: <br>| <u>/s/ Jason Sobel</u> |
|  |  | Jason Sobel |
|  |  | President and Chief Executive Officer |

---

## Exhibit 10.1

Exhibit 10.1

#### RETIREMENT TRANSITION AND CONSULTING AGREEMENT
This Retirement Transition and Consulting Agreement (this "Agreement") is made and entered into as of the 10<sup>th</sup> day of November, 2025 (the "Effective Date"), by and among Broadstreet Bank, SSB, a Texas-chartered stock savings Bank ("Broadstreet Bank"), Texas Community Bancshares, Inc., the holding company of Broadstreet Bank ("TCBS"), and Julie Sharff (the "Executive"). Broadstreet Bank and TCBS are sometimes referred to as the "Company" in this Agreement.

**WHEREAS**, the Executive intends to retire from the Company effective February 20, 2026;

**WHEREAS,** the Executive intends to resign as Chief Financial Officer of the Company effective December 1, 2025, and then continue as a full-time employee of the Bank and the Company until February 20, 2026;

**WHEREAS,** the Executive is willing to serve the Company as a consultant for the period from February 20, 2026, through May 8, 2026; and

**WHEREAS**, the Company wishes to reward the Executive for her service and significant contributions to the business of the Company and to secure the Executive's availability to continue as an employee of the Company until February 20, 2026, and to provide certain consulting services (described herein) following her retirement.

**NOW, THEREFORE**, in consideration of the terms and provisions set forth herein, the mutual benefits to be gained by the performance thereof and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **<u>Resignation and Retirement Terms and Conditions</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. *Resignation as Chief Financial Officer*. 
 The Executive agrees that she will remain in her position as Chief Financial Officer of the Company until the close of business on December 1, 2025, at which time she will resign as Chief Financial Officer of the Company, with no further
 action required on the part of either the Executive or the Company. Following her resignation as Chief Financial Officer of the Company, the Executive will continue as a full-time employee of the Company with the title of Senior Vice
 President.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. *Retirement*. The Executive will retire
 from the Company and terminate her employment with the Company effective as of the close of business on February 20, 2026, with no further action required on the part of either the Executive or the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. *Salary and Benefits*. In exchange for
 her employment services and provided she does not terminate her employment prior to December 31, 2025, the parties agree that the Executive will receive her current rate of base salary through December 31, 2025. In exchange for her
 employment services following December 31, 2025, and provided she does not terminate her employment prior to February 20, 2026, the parties agree that the Executive will receive a total salary of $20,000, payable in two installments for
 her services from January 1, 2026, through February 20, 2026; one installment will be paid in January 2026 and one installment will be paid in February 2026. The Bank will provide and the Executive will continue to receive or to be
 eligible to receive all benefits offered to employees of the Bank through her retirement on February 20, 2026. The Executive acknowledges and agrees that she will forfeit all shares of restricted stock in which she has not vested and all
 stock options that have not become exercisable prior to February 20, 2026 (she may exercise all vested options in accordance with the terms of the Texas Community Bancshares, Inc. 2022 Equity Incentive Plan).

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. *COBRA*. Provided that the Executive has elected continued health care coverage in accordance with the Consolidated Omnibus Budget Reconciliation Act (" <u>COBRA</u> ") following her retirement, the Bank will reimburse the COBRA health care costs for the Executive and her dependents for up to twelve (12) consecutive months, or if
 less, for the period for which the Executive has elected COBRA coverage (commencing with the first month following the Executive's date of termination).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. *Split-Dollar Life Insurance Agreement*. 
 The parties agree that they will amend the split-dollar life insurance agreement between the Bank and the Executive to provide for continued coverage and participation following her retirement from employment with the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. *Consideration*. Provided that the
 Executive timely executes the General Release of Claims, in a form acceptable to the Company (the "Release") (no earlier than prior to her date of termination of employment) and provided further that the Executive does not terminate her
 employment with the Company prior to February 20, 2026, the Bank will pay the Executive $100,000 in consideration for her remaining in the employ of the Company until February 20, 2026, and in consideration for her executing and not
 revoking the Release. The payment will be made to the Executive in a lump sum on the first payroll date following the effective date of the Release (taking into account the expiration of any revocation period contained in the Release).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. *Termination of Employment Agreement*. Upon the Effective Date,
 in consideration for the promises and payments set forth herein, the Executive's Employment Agreement, dated as of [date] (the "Employment Agreement"), shall terminate and be superseded by this Agreement. Following the Effective Date, the
 Company will have no further obligations under the Employment Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2. <u>Restrictive Covenants</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. *Non-Solicitation of Customers.* During the period of the
 Executive's employment under this Agreement and for a period of one (1) year thereafter, the Executive shall not directly or indirectly (whether individually or together with any other person, including any corporation, partnership or other
 entity) solicit in any manner or seek to obtain the business of any person who is or was a customer of the Bank or any affiliate of the Bank for the direct or indirect purpose of soliciting or selling deposit, loan, wealth management,
 insurance or trust products or services; or request or advise any customer, supplier, vendor or others who were doing business with the Company or any affiliate of the Company to terminate, reduce, limit or change their business or
 relationship with the Company.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. *Non-Solicitation of Employees.* During
 the period of the Executive's employment under this Agreement and for a period of one (1) year thereafter, the Executive shall not directly or indirectly: (1) solicit or assist any third party in employing or attempting to employ any
 employee of the Company or any affiliate; or (2) interfere with the relationship between the Company or any affiliate and their respective employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. *Confidentiality*. The Executive acknowledges that the Executive
 has been the recipient of confidential and proprietary business information concerning the Company, including without limitation past, present, planned or considered business activities of the Company. The Executive hereby agrees not to use
 the Executive's knowledge of such information or disclose such confidential and proprietary information for any purposes whatsoever, except as may be expressly permitted in writing by the Bank, or as may be required by a regulator, by law or
 a court order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. *Disparagement*. The Executive agrees not to disparage or make
 derogatory or untruthful comments about the Company, the Company's present and former officers, directors, employees or agents or the Company's business practices. This provision does not apply to any truthful statement required by the
 Executive in any legal proceeding or governmental or regulatory investigation or inquiry.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. *Remedies*. The Executive acknowledges and agrees that the covenants contained herein are reasonable and necessary to protect the legitimate business interests of the Company. In the event of a breach of the
 Executive's obligations under this Section 2, the Company's contractual obligation to pay Executive the consideration pursuant to Section 1(F) shall immediately cease or, to the extent the consideration has been paid to the Executive, the
 consideration shall be subject to clawback or recoupment by the Company. In addition, nothing in this Section 2 shall be construed as prohibiting the Company from pursuing other remedies available for any breach of this Section 2, including
 an injunction restraining the Executive from such breach.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. <u>Consulting Services</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*A.* *Consulting Period.* In consideration of
 the payments set forth below, the Executive agrees to render consulting services to the Company from the period beginning on February 21, 2026, and continuing through May 8, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. *Consulting Services*. The Executive will
 provide such consulting or advisory services as the Company may reasonably request with respect to its business and matters within the Executive's area of responsibility while employed by the Company and other matters within the Executive's
 expertise. Executive will be reasonably available to the Company for up to 10 hours per week to consult on Company matters as requested by the Chief Executive Officer of the Bank. The Executive will act solely in a consulting capacity
 hereunder and will not have authority to act for the Company or to give instructions or orders on behalf of the Company or otherwise to make commitments for or on behalf of the Company. The Executive will not be an employee of the Company
 following February 20, 2026, but shall act in the capacity of an independent contractor. Following February 20, 2026, the Company will not exercise control over the detail, manner or methods of the performance of the services by the
 Executive or have control over the location at which Executive performs services.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. *Location and Expenses*. It is anticipated
 that the Executive will generally be required to provide such consulting services solely by telephone or electronic means, however, such consulting services could be provided in person under mutually agreeable circumstances. In the event
 the Executive performs such services in person, the Executive will be provided reasonable access to office space and administrative support services to the extent necessary to fulfill the consulting duties and will be reimbursed for
 reasonable pre-approved expenses directly related to the consulting assignments, subject to applicable Company policies on expense reimbursement. All expenses will be submitted to the Company for consideration and approval in accordance
 with the Company's reimbursement policies in effect from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. *Consulting Fees*. In exchange for the consulting services and provided the Executive remains available to provide the consulting services through May 8, 2026, and does not terminate her position as a
 consultant prior to that date, she will be paid in two installments of $25,000 each, the first of which will be paid no later than May 15, 2026, and the second of which will be paid no later than September 15, 2026, provided, however,
 that if there is a material restatement of the financial statements of TCSB for any period while the Executive was Chief Financial Officer that causes TCBS to file a Form 8-K prior to September 11, 2026, a decrease in the second
 installment may be made at the discretion of the Audit Committee, which could result in an amount of not less than 50% of the second installment of $25,000 being paid for the second installment .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4. <u>Non-assignability</u>***.* Except for those rights that may accrue to the Executive's family or estate, neither this Agreement nor any right or interest hereunder shall be assignable by the Executive.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5. <u>Entire Agreement; Modification</u>**. This Agreement represents the entire understanding of the parties with respect to the subject matter hereof and supersedes all prior understandings, written or oral, including the Employment Agreement. The terms of this Agreement may be changed, modified or discharged only by an instrument in writing signed by the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6. <u>Binding on Successors</u>**. The terms of this Agreement shall be binding upon the Company and its successors and permitted assigns, including any successor employer to the Company in the event of a change in control or ownership of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7. <u>Waiver</u>**. No term or condition of this Agreement shall be deemed to have been waived, nor shall there be an estoppel against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8. <u>Notices</u>**. All notices or communications hereunder shall be in writing, addressed as follows or to such other address as either party may designate from time to time by written notice so given:

#### To the Company:
Broadstreet Bank, SSB<br> 215 West Broad Street<br> Mineola, TX 75773<br> Attention: Corporate Secretary

**To the Executive:** at the address of record in the Company's personnel files.

All such notices shall be conclusively deemed to be received and shall be effective; (i) if sent by hand delivery, upon receipt, (ii) if sent by email or facsimile transmission, upon confirmation of receipt by the sender of such transmission, or (iii) if sent by registered or certified mail, on the fifth day after the day on which such notice is mailed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9. <u>Rights Under Existing Benefit Plans and Programs</u>**. Except to the extent specifically set forth herein, the execution of this Agreement shall not affect the Executive's rights and entitlements (including the timing, form and amount of payments) under the Company's plans and programs in which the Executive participated and, in each case, such rights and entitlements shall be determined solely by reference to the terms of such plans and programs and any individual award agreement provided to the Executive thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10. <u>Severability</u>**. If any provision of this Agreement is determined to be void or unenforceable, then the remaining provisions of this Agreement will remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11. <u>Tax Withholding</u>**. The Company will withhold from the amounts payable under this Agreement such federal, state and/or local taxes as required to be withheld pursuant to any applicable law or regulation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12. <u>Counterparts</u>**. This Agreement may be executed in two or more counterparts, each of which will be deemed an original, and all of which together will constitute one document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13. <u>Section 409A</u>**. It is intended that this Agreement shall comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended, (the "Code") and the Treasury Regulations relating thereto, or an exemption to Section 409A of the Code. Any payments that qualify for the "short-term deferral" exception shall be paid under such exception. For purposes of Section 409A of the Code, each payment under this Agreement shall be treated as a separate payment for purposes of the exclusion for certain short-term deferral amounts. In no event may the Executive, directly or indirectly, designate the calendar year of any payment under this Agreement. Within the time period permitted by the applicable Treasury Regulations (or such later time as may be permitted under Section 409A of the Code or any Internal Revenue Service or Department of Treasury rules or other guidance issued thereunder), the Company may, in consultation with the Executive, modify this Agreement in order to cause the provisions of this Agreement to comply with the requirements of Section 409A of the Code. Notwithstanding anything to the contrary in this Agreement, all reimbursements provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A of the Code, including, where applicable, the requirement that: (A) any reimbursement is for expenses incurred during the Executive's lifetime (or during a shorter period of time specified in this Agreement); (B) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year; (C) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (D) the right to reimbursement is not subject to liquidation or exchange for another benefit. The Company acknowledges and agrees that a "separation from service" within the meaning of Section 409A of the Code will occur upon the Executive's termination of employment as of the February 20, 2026. To the extent necessary to comply with Section 409A of the Code, if the Executive is a "specified employee" (within the meaning of Section 409A of the Code), no payment shall be made during the first six (6) months following the Executive's separation from service within the meaning of Section 409A of the Code. Rather, any payment that would otherwise be paid during such period will be accumulated and paid to the Executive in a lump sum on the first day of the seventh month following such separation from service; and the Executive's termination of employment or service shall constitute a separation from service within the meaning of Section 409A of the Code.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14. <u>Arbitration</u>**. Any dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration, conducted within 50 miles of Mineola, Texas, in accordance with the Commercial Rules of the American Arbitration Association ("AAA") then in effect. Judgment may be entered on the arbitrators' award in any court having jurisdiction. Each party shall bear its own costs and attorneys' fees in connection with an arbitration, and the costs of the arbitrator and the AAA's administrative fees shall be split evenly between the parties. The above notwithstanding, the Company may seek injunctive relief in a court of competent jurisdiction in Texas to restrain any breach or threatened breach of any provision of this Agreement, without prejudice to any other rights or remedies that may otherwise be available to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15. <u>Protected Rights</u>**. Notwithstanding anything in this Agreement to the contrary, the Executive understands that nothing contained in this Agreement limits the Executive's ability to file a charge or complaint with the Securities and Exchange Commission or any other federal, state or local governmental agency or commission (each a "Government Agency") about a possible securities law violation without approval of the Company. The Executive further understands that this Agreement does not limit the Executive's ability to communicate with any Government Agency or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other information, without notice to the Company related to the possible securities law violation. This Agreement does not limit the Executive's right to receive any resulting monetary award for information provided to any Government Agency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16. <u>Regulatory Provisions</u>**. In no event shall the Bank (nor any affiliate) be obligated to make any payment pursuant to this Agreement that is prohibited by Section 18(k) of the Federal Deposit Insurance Act (codified at 12 U.S.C. sec. 1828(k)), 12 C.F.R. Part 359, or any other applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **17. <u>Governing Law</u>**. This Agreement will be construed and enforced in accordance with the laws of the State of Texas without regard to conflict of law principles.

#### [SIGNATURE PAGE FOLLOWS]

------

**IN WITNESS WHEREOF**, the parties have executed this Agreement as of the date and year first above written.

#### BROADSTREET BANK, SSB
<u>/s/ Jason Sobel</u>

#### President and Chief Executive Officer

#### TEXAS COMMUNITY BANCSHARES, INC.
<u>/s/ Jason Sobel</u>

#### President and Chief Executive Officer

#### EXECUTIVE
<u>/s/ Julie Sharff</u>

Julie Sharff

## Exhibit 10.2

Exhibit 10.2<br>

#### EMPLOYMENT AGREEMENT

#### <br>
This Employment Agreement (the "<u>Agreement</u>") is made and entered into, effective as of the 1<sup>st</sup> day of December 2025 (the "<u>Effective Date</u>"), by and between Broadstreet Bank, SSB, a Texas-chartered stock savings bank (the "<u>Bank</u>") and Jason McCrary (the "<u>Executive</u>"). Any reference to the "Company" shall mean Texas Community Bancshares, Inc., the holding company of the Bank.

#### RECITALS
**WHEREAS,** the Bank and the Executive desire to enter into an employment agreement to set forth the terms of his employment from and after the Effective Date; and

**WHEREAS,** the Bank desires to continue to employ the Executive in an executive capacity in the conduct of its businesses, and the Executive desires to be so employed on the terms contained in this Agreement;

**NOW, THEREFORE**, in consideration of the mutual covenants herein contained, and upon the other terms and conditions hereinafter provided, the parties hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **POSITION AND RESPONSIBILITIES.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **<u>Employment</u>**. During the Term (as defined in Section 2(a)) of this Agreement, the Executive agrees to serve as Chief Financial Officer (the "<u>Executive Position</u>"), and will perform the duties of and have all powers associated with the Executive Position as are appropriate for a person in the position of the Executive Position, as well as those as shall be assigned by the President and Chief Executive Officer and/or the Board of Directors of the Bank (the "<u>Board of Directors</u>"). As Chief Financial Officer, the Executive will report directly to the President and Chief Executive Officer. During the period provided for in this Agreement, the Executive also agrees to serve, if elected, as an officer, director of any subsidiary or affiliate of the Bank and in such capacity to carry out the duties and responsibilities reasonably appropriate to any such position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **<u>Responsibilities</u>**. During the Executive's employment hereunder, the Executive will be employed on a full-time basis and devote the Executive's full business time and best efforts, business judgment, skill and knowledge to the performance of the Executive's duties and responsibilities related to the Executive Position. Except as otherwise provided in Section 1(c), or as may be approved by the Board of Directors, the Executive will not engage in any other business activity during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **<u>Service on Other Boards and Committees</u>**. The Bank encourages participation by the Executive on community boards and committees and in activities generally considered to be in the public interest, but the Board of Directors shall have the right to approve or disapprove, in its sole discretion, the Executive's participation on those boards and committees.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **TERM.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **<u>Term and Annual Renewal</u>**. The term of this Agreement shall commence as of the Effective Date and shall continue thereafter for a period of one (1) year (the "<u>Term</u>"). Unless the Board of Directors provides notice to the Executive at thirty (30) days before the expiration of the Term, the Term will extend for an additional one (1) year at the end of the Term. For avoidance of doubt, any extension to the Term will become the new "Term" for purposes of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **<u>Change in Control</u>**. Notwithstanding the foregoing, in the event the Bank or the Company has entered into an agreement to effect a transaction that would be considered a Change in Control, as defined in Section 5, the Term will automatically extend so that it expires no less than two (2) years beyond the effective date of the Change in Control, subject to extensions as set forth in Section 2(a).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **<u>Continued Employment Following Expiration of Term</u>.** Nothing in this Agreement mandates or prohibits the continued employment of the Executive following the expiration of the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **COMPENSATION, BENEFITS AND REIMBURSEMENT.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **<u>Base Salary</u>**. In consideration of the Executive's performance of the responsibilities and duties set forth in this Agreement, the Executive will receive an annual base salary of $150,000 per year ("<u>Base Salary</u>"). The Bank will pay the Base Salary in accordance with its customary payroll practices. During the Term, the Board of Directors (or the Compensation Committee of the Board of Directors (the "<u>Compensation Committee</u>")) may increase or decrease the Executive's Base Salary. Any change in Base Salary will become the new "Base Salary" for purposes of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **<u>Bonus and Incentive Compensation</u>**. The Executive (1) is eligible to participate in any bonus plan or arrangement of the Bank in which senior management is eligible to participate, pursuant to which a bonus may be paid to the Executive in accordance with the plan or arrangement; and/or (2) may receive a bonus, if any, on a discretionary basis, as determined by the Board of Directors or the Compensation Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **<u>Benefit Plans</u>**. The Executive will be entitled to participate in all employee benefit plans, arrangements and perquisites offered to senior management of the Bank, as in effect from time to time, on terms and conditions no less favorable than the plans, arrangements and perquisites that are available to other members of senior management of the Bank, to the extent consistent with applicable law and subject to the terms of the applicable plans. The Bank reserves the right to amend or cancel any employee benefit plans, arrangements, and perquisites at any time in its sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** **<u>Leave and Paid Time Off</u>**. The Executive will be entitled to twenty-five (25) days of paid time off each year, in addition to all holidays observed by the Bank. Any unused paid vacation time off during an annual period will be treated in accordance with the Bank's personnel policies as in effect from time to time.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **<u>Expense Reimbursements</u>**. The Bank will reimburse the Executive for all reasonable travel, entertainment and other expenses incurred by the Executive in performing the Executive's obligations under this Agreement, including, without limitation, fees for memberships in organizations that the Executive and the Board of Directors or the Compensation Committee mutually agree are necessary and appropriate in connection with the performance of the Executive's duties under this Agreement. All reimbursements will be made as soon as practicable upon substantiation of the expenses by the Executive in accordance with the applicable policies and procedures of the Bank and, in any event, no later than the last day of the calendar year immediately following the calendar year in which the Executive incurred the expense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **TERMINATION AND TERMINATION PAY.** 

Subject to Section 5, which governs the occurrence of a Change in Control, the Executive's employment under this Agreement will terminate under the circumstances set forth in this Section 4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **<u>Definition of Accrued Obligations</u>**. For purposes of this Agreement, the term "<u>Accrued Obligations</u>" means the sum of: (i) any Base Salary earned but unpaid through the Executive's Date of Termination, (ii) unpaid expense reimbursements (subject to, and in accordance with, Section 3(e)), (iii) unused paid time off accrued through the Date of Termination (subject to an in accordance with Section 3(d)), (iv) any vested benefits the Executive may have under any employee benefit plan of the Bank through the Date of Termination, which vested benefits will be paid and/or provided in accordance with the terms of the employee benefit plans and (v) any earned but unpaid short-term or long-term cash incentive compensation for the fiscal year prior to the year in which the Executive's termination occurs. Unless otherwise provided by the applicable employee benefit plan, the Accrued Obligations, if any, will be paid to the Executive (or the Executive's estate or beneficiary) within thirty (30) days following the Executive's Date of Termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **<u>Death</u>**. This Agreement and the Executive's employment with the Bank will terminate upon the Executive's death, in which event the Bank's sole obligation will be to pay or provide the Executive's estate or beneficiary any Accrued Obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **<u>Disability</u>**. The Bank shall be entitled to terminate the Executive's employment and this Agreement due to the Executive's Disability. If the Bank terminates the Executive's employment due to the Executive's Disability, the Bank's sole obligation under this Agreement shall be to pay or provide the Executive any Accrued Obligations. For these purposes, the term "<u>Disability</u>" means the Executive is deemed disabled for purposes of the Bank's long-term disability plan or policy that covers the Executive or is determined to be disabled by the Social Security Administration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **<u>Termination for Cause</u>**. The Board of Directors may immediately terminate the Executive's employment and this Agreement at any time for "Cause." In the event the Executive's employment is terminated for Cause, the Bank's sole obligation will be to pay or provide to the Executive any Accrued Obligations. For purposes of this Agreement, the term "<u>Cause</u>" means termination because of, in the good faith determination of the Board of Directors, the Executive's:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) material act of dishonesty or any act of fraud, theft, or embezzlement in performing duties on behalf of the Bank or the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) misconduct that in the judgment of the Board of Directors could reasonably be expected to cause economic damage to the Bank or the Company or injury to the business reputation of the Bank or the Company or any member of the Bank or the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) breach of a fiduciary duty involving personal profit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) failure to perform the Executive's duties after written notice from the Board of Directors and the Executive's failure to take corrective or curative action within two (2) weeks thereafter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) (A) violation of any law, rule or regulation (other than traffic violations or similar offenses that results only in a fine or other non-custodial penalty) that reflect adversely on the reputation of the Bank or the Company; (B) any felony conviction; (C) any violation of law involving moral turpitude; (D) any violation of a final cease-and-desist order; or (E) any violation of the policies and procedures of the Bank as outlined in the Bank's employee handbook which could result in termination of any Bank employee, as from time to time amended and incorporated herein by reference;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) engaging in verbal, written, or physical harassment or abuse of a sexual nature; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) material breach of any provision of this Agreement.

Any determination of Cause under this Agreement will be made by the Board of Directors in its sole discretion by resolution adopted by members of the Board of Directors at a meeting called and held for that purpose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **<u>Resignation by Executive without Good Reason</u>**. The Executive may resign from employment during the Term without Good Reason upon at least thirty (30) days prior written notice to the Board of Directors, provided, however, that the Bank may accelerate the Date of Termination upon receipt of written notice of the Executive's resignation. In the event the Executive resigns without Good Reason, the Bank's sole obligation under this Agreement will be to pay or provide any Accrued Obligations to the Executive.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) **<u>Termination Without Cause or With Good Reason</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Board of Directors may immediately terminate the Executive's employment at any time for a reason other than Cause (a termination "<u>Without Cause</u>"), and the Executive may, by written notice to the Board of Directors, terminate the Executive's employment at any time within sixty (60) days following an event constituting "Good Reason" (a termination "<u>With Good Reason</u>"); provided, however, that the Bank will have thirty (30) days to cure the "Good Reason" condition, but the Bank may waive its right to cure. In the event of a termination employment described under this Section 4(f)(i) during the Term and subject to the requirements of Section 4(f)(iii), the Bank will pay or provide the Executive the following:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) <br> any Accrued Obligations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) a gross cash payment equal to the remaining Base Salary and bonus opportunity (based on the highest bonus earned by the Executive for the three most recently completed calendar years prior to the Executive's Date of Termination) that would have been paid to the Executive during the remaining Term of the Agreement; payable in a lump sum within sixty (60) days of the Executive's Date of Termination; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) provided that the Executive has elected continued health care coverage in accordance with the Consolidated Omnibus Budget Reconciliation Act ("<u>COBRA</u>"), reimbursement of COBRA health care costs by the Bank for up to eighteen (18) consecutive months, or if less, for the period for which the Executive has elected COBRA coverage (commencing with the first month following the Executive's Date of Termination and continuing until the twelfth month following the Executive's Date of Termination).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) "<u>Good Reason</u>" exists if, without the Executive's express written consent, any of the following occur:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) a material reduction in the Executive's Base Salary and/or aggregate incentive compensation opportunities under the Bank's annual and long-term incentive plans or programs, as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) <br> a material reduction in the Executive's authority, duties or responsibilities from the position and attributes associated with the Executive Position;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) <br> a material breach of this Agreement by the Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Notwithstanding anything to the contrary in Section 4(f)(i), the Executive will not receive any payments or benefits under Sections 4(f)(i)(B) or 4(f)(i)(C) unless and until the Executive executes a release of claims (the "<u>Release</u>") against the Bank and any affiliate, and their officers, directors, successors and assigns, releasing said persons from any and all claims, rights, demands, causes of action, suits, arbitrations or grievances relating to the employment relationship, including claims under the Age Discrimination in Employment Act, but not including claims for benefits under tax-qualified plans or other benefit plans in which the Executive is vested, claims for benefits required by applicable law or claims with respect to obligations set forth in this Agreement that survive the termination of this Agreement. The Release must be executed and become irrevocable by the 60<sup>th</sup> day following the Date of Termination, provided that if the 60-day period spans two (2) calendar years, then, to the extent necessary to comply with Section 409A of the Internal Revenue Code of 1986, as amended ("<u>Code</u>"), the payments and benefits described in this Section 4(f) will be paid, or commence, in the second calendar year.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) **<u>Effect on Status as Employee and Director/Other Positions</u>**. In the event of the Executive's termination of employment under this Agreement for any reason, unless otherwise agreed to by the mutual consent of the Executive and the Board of Directors, the termination will also constitute the Executive's resignation from all positions with the Bank and the Company (or any subsidiary or affiliate thereof), including as a director of the Bank and the Company, as well as a director of any subsidiary or affiliate thereof, to the extent the Executive is acting as a director of any of the aforementioned entities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) **<u>Notice; Effective Date of Termination</u>**. Any notice of termination of employment under this Agreement must be communicated by or to the Executive or the Bank, as applicable, in accordance with Section 17. For purposes of this Agreement, the term "<u>Date of Termination</u>" means the Executive's termination of employment pursuant to this Agreement, which will be effective on the earliest of: (i) immediately after the Bank gives notice to the Executive of the Executive's termination Without Cause, unless the parties agree to a later date, in which case, termination will be effective as of such later date; (ii) immediately upon approval by the Board of Directors of termination of the Executive's employment for Cause; (iii) immediately upon the Executive's death or Disability; or (iv) thirty (30) days after the Executive gives written notice to the Bank of the Executive's resignation from employment (including With Good Reason), provided that the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive's resignation shall be effective as of that date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **CHANGE IN CONTROL.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **<u>Change in Control Defined</u>**. For purposes of this Agreement, the term "<u>Change</u> <u>in Control</u>" means: (i) a change in the ownership of the Corporation; (ii) a change in the effective control of the Corporation; or (iii) a change in the ownership of a substantial portion of the assets of the Corporation as defined in accordance with Code Section 409A. For purposes of this Section 5(a), the term "<u>Corporation</u>" means the Bank, the Company or any of their successors, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) A change in the ownership of a Corporation occurs on the date that any one person, or more than one person acting as a group (as defined in Treasury Regulation 1.409A-3(i)(5)(v)(B)), acquires ownership of stock of the Corporation that, together with stock held by such person or group, constitutes more than fifty (50) percent of the total fair market value or total voting power of the stock of the Corporation.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) A change in the effective control of the Corporation occurs on the date that either (A) any one person, or more than one person acting as a group (as defined in Treasury Regulation 1.409A-3(i)(5)(vi)(D)) acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Corporation possessing thirty (30) percent or more of the total voting power of the stock of the Corporation, or (B) a majority of the members of the Board of Directors is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the board of directors prior to the date of the appointment or election, provided that this subsection "(B)" is inapplicable where a majority stockholder of the Corporation is another corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) A change in a substantial portion of the Corporation's assets occurs on the date that any one person or more than one person acting as a group (as defined in Treasury Regulation 1.409A-3(i)(5)(vii)(C)) acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) assets from the Corporation that have a total gross fair market value equal to or more than forty (40) percent of the total gross fair market value of (A) all of the assets of the Corporation, or (B) the value of the assets being disposed of, either of which is determined without regard to any liabilities associated with such assets.

For all purposes hereunder, the definition of Change in Control shall be construed to be consistent with the requirements of Treasury Regulation 1.409A-3(i)(5), except to the extent that such regulations are superseded by subsequent guidance.

Notwithstanding anything herein to the contrary, a Change in Control will not be deemed to have occurred if (i) the Corporation undertakes a recapitalization or other transaction to comply with the federal and/or state capital-related requirements applicable to the Corporation or with an agreement, directive, order, action, or other issuance by a regulatory authority with jurisdiction over the Corporation or (ii) a regulatory authority with jurisdiction over the Corporation issues a directive or other requirement to change the composition of the Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **<u>Change in Control Benefits</u>**. Upon the termination of the Executive's employment by the Bank or the Company (or any successor) Without Cause or by the Executive With Good Reason during the Term and on or within two years after the effective time of a Change in Control, the Bank (or any successor) will pay or provide the Executive, or the Executive's estate in the event of the Executive's death, with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any Accrued Obligations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a gross payment (the "<u>Change in Control Severance</u>") equal to two (2) times the sum of the Executive's: (A) Base Salary at the Date of Termination (or the Executive's Base Salary in effect during any of the prior three years, if higher); and (B) the average annual cash bonus earned by the Executive for the three (3) most recently completed calendar years prior to the Change in Control; payable in a lump sum within thirty (30) days of the Executive's Date of Termination; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) provided that the Executive has elected continued health care coverage in accordance with COBRA, reimbursement of the COBRA health care costs by the Bank for up to eighteen (18) consecutive months, or if less, for the period for which the Executive has elected COBRA coverage (commencing with the first month following the Executive's Date of Termination and continuing until the eighteenth month following the Executive's Date of Termination).

Notwithstanding the foregoing, the payments and benefits provided in this Section 5(b) will be payable to the Executive in lieu of any payments or benefits that are payable under Section 4(f).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **COVENANTS OF EXECUTIVE.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **<u>Non-Solicitation</u>**. The Executive hereby covenants and agrees that during the "<u>Restricted Period</u>," the Executive will not, without the written consent of the Bank, either directly or indirectly:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) solicit, offer employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any officer or employee of the Bank, or any of its respective subsidiaries or affiliates, to terminate his or her employment with the Bank and/or accept employment with another employer; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) solicit, provide any information, advice or recommendation or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any customer of the Bank to terminate an existing business or commercial relationship with the Bank.

For purposes of this Section 6(a), the "<u>Restricted Period</u>" will be: (i) at all times during Executive's period of employment with the Bank; and (ii) except as provided above, during the period beginning on Executive's Date of Termination and ending on the one-year anniversary of the Date of Termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **<u>Confidentiality</u>**. The Executive recognizes and acknowledges that the Executive has been and will be the recipient of confidential and proprietary business information concerning the Bank, including without limitation, past, present, planned or considered business activities of the Bank, and the Executive acknowledges and agrees that the Executive will not, during or after the Term, disclose such confidential and proprietary information for any purposes whatsoever, except as may be expressly permitted in writing signed by the Bank, or as may be required by regulatory inquiry, law or court order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **<u>Information/Cooperation</u>**. During the Term and thereafter, the Executive will, upon reasonable notice, furnish any information and assistance to the Bank as may be reasonably required by the Bank, in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party; provided, however, that the Executive shall not be required to provide information or assistance with respect to any litigation between the Executive and the Bank or any other subsidiaries or affiliates.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **<u>Non-Disparagement</u>**. The Executive agrees that the Executive shall not, at any time during or after the Term or thereafter, disparage the Bank or the Company, any of its products, services or practices, or any of its directors, officers, employees, customers, agents, representatives, or equity holders and their respective affiliates, either orally or in writing, at any time; *provided*, *that* the Executive may confer in confidence with the Executive's legal representatives and make truthful statements as required by law or upon the request of any regulatory authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **<u>Reliance</u>**. Except as otherwise provided, all payments and benefits to the Executive under this Agreement will be subject to the Executive's compliance with this Section 6, to the extent applicable. The parties hereto, recognizing that irreparable injury will result to the Bank, its business and property in the event of the Executive's breach of this Section 6, agree that, in the event of any such breach by the Executive, the Bank will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by the Executive and all persons acting for or with the Executive. The Executive represents and admits that the Executive's experience and capabilities are such that the Executive can obtain employment in a business engaged in other lines of business than the Bank, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available to them for such breach or threatened breach, including the recovery of damages from the Executive.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **SOURCE OF PAYMENTS.** 

All payments provided in this Agreement shall be timely paid by check or direct deposit from the general funds of the Bank (or any successor of the Bank).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS.** 

This Agreement contains the entire understanding between the parties hereto and supersedes any prior employment agreement between the Bank or any predecessor of the Bank and the Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to the Executive under another plan, program or agreement (other than an employment agreement) between the Bank and the Executive.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **NO ATTACHMENT; BINDING ON SUCCESSORS.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation, or to execution, attachment, levy, or similar process or assignment by operation of law, and any attempt, voluntary or involuntary, to affect any such action shall be null, void, and of no effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the Bank, expressly and unconditionally to assume and agree to perform the Bank's obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had taken place. A successor's failure to assent to this Agreement following a Change in Control shall be deemed to be a material breach of this Agreement under Section 4(f) hereof.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **MODIFICATION AND WAIVER.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Agreement may not be modified or amended except by an instrument in writing signed by the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver unless specifically stated therein, and each waiver shall operate only as to the specific term or condition waived and shall not constitute a waiver of the term or condition for the future as to any act other than that specifically waived.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **CERTAIN APPLICABLE LAW.** 

Notwithstanding anything herein contained to the contrary, the following provisions shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Bank may terminate the Executive's employment at any time, but any termination by the Bank other than termination for Cause shall not prejudice the Executive's right to compensation or other benefits under this Agreement. The Executive shall have no right to receive compensation or other benefits under this Agreement for any period after the Executive's termination for Cause, other than the Accrued Obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In no event shall the Bank (nor any affiliate) be obligated to make any payment pursuant to this Agreement that is prohibited by Section 18(k) of the Federal Deposit Insurance Act (codified at 12 U.S.C. sec. 1828(k)), 12 C.F.R. Part 359, or any other applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding anything in this Agreement to the contrary, to the extent that a payment or benefit described in this Agreement constitutes "non-qualified deferred compensation" under Section 409A of the Code, and to the extent that the payment or benefit is payable upon the Executive's termination of employment, then the payments or benefits will be payable only upon the Executive's "Separation from Service." For purposes of this Agreement, a "<u>Separation from Service</u>" will have occurred if the Bank and the Executive reasonably anticipate that either no further services will be performed by the Executive after the Date of Termination (whether as an employee or as an independent contractor) or the level of further services performed is less than fifty (50) percent of the average level of bona fide services in the thirty-six (36) months immediately preceding the termination. For all purposes hereunder, the definition of Separation from Service shall be interpreted consistent with Treasury Regulation Section 1.409A-1(h)(ii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding the foregoing, if the Executive is a "<u>Specified Employee</u>" (i.e., a "key employee" of a publicly traded company within the meaning of Section 409A of the Code and the regulations issued thereunder) and any payment under this Agreement is triggered due to the Executive's Separation from Service, then solely to the extent necessary to avoid penalties under Section 409A of the Code, no payment will be made during the first six (6) months following the Executive's Separation from Service. Rather, any payment which would otherwise be paid to the Executive during such period shall be accumulated and paid to the Executive in a lump sum on the first day of the seventh month following the Separation from Service. All subsequent payments shall be paid in the manner specified in this Agreement.<br>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To the extent not specifically provided in this Agreement, any compensation or reimbursements payable to Executive shall be paid or provided no later than two and one-half (2.5) months after the calendar year in which such compensation is no longer subject to a substantial risk of forfeiture within the meaning of Treasury Regulation Section 1.409A-1(d).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Each payment pursuant to this Agreement is intended to constitute a separate payment for purposes Treasury Regulation Section 1.409A-2(b)(2).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Notwithstanding anything in this Agreement to the contrary, the Executive understands that nothing contained in this Agreement limits the Executive's ability to file a charge or complaint with the Securities and Exchange Commission or any other federal, state or local governmental agency or commission ("<u>Government Agencies</u>") about a possible securities law violation without approval of the Bank (or any affiliate). The Executive further understands that this Agreement does not limit the Executive's ability to communicate with any Government Agency or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other information, without notice to the Bank (or any affiliate) related to the possible securities law violation. This Agreement does not limit the Executive's right to receive any resulting monetary award for information provided to any Government Agency. In addition, pursuant to the Defend Trade Secrets Act of 2016, the Executive understands that an individual may not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (i) is made (A) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney; and (B) solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or other document that is filed under seal in a lawsuit or other proceeding. Further, an individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the employer's trade secrets to the attorney and use the trade secret information in the court proceeding if the individual (y) files any document containing the trade secret under seal; and (z) does not disclose the trade secret, except pursuant to court order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **SEVERABILITY.** 

If any provision of this Agreement is determined to be void or unenforceable, then the remaining provisions of this Agreement will remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. **GOVERNING LAW.** 

This Agreement shall be governed by the laws of the State of Texas, but only to the extent not superseded by federal law.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. **ARBITRATION.** 

Any dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration, conducted by a single arbitrator selected by the Bank (or in the case of arbitration following a Change in Control, selected by the Executive) within fifty (50) miles of Mineola, Texas, in accordance with the Commercial Rules of the American Arbitration Association then in effect. Judgment may be entered on the arbitrators' award in any court having jurisdiction. The above notwithstanding, the Bank may seek injunctive relief in a court of competent jurisdiction in Texas to restrain any breach or threatened breach of any provision of this Agreement, without prejudice to any other rights or remedies that may otherwise be available to the Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. **INDEMNIFICATION.** 

The Bank will provide the Executive (including the Executive's heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy at its expense, and will indemnify the Executive (and the Executive's heirs, executors and administrators) in accordance with the charter and bylaws of the Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. **TAX WITHHOLDING.** 

The Bank may withhold from any amounts payable to the Executive hereunder all federal, state, local or other taxes that the Bank may reasonably determine are required to be withheld pursuant to any applicable law or regulation (it being understood that Executive is responsible for payment of all taxes in respect of the payments and benefits provided herein).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. **NOTICE.** 

For the purposes of this Agreement, notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered or mailed by certified or registered mail, return receipt requested, postage prepaid, addressed to the respective addresses set forth below or if sent by facsimile or email, on the date it is actually received.

<br> To the Bank: Broadstreet Bank, SSB, Attn: Corporate Secretary<br> 215 West Broad Street<br> Mineola, TX 75773<br>

<br> To Executive: Most recent address on file with the Bank

#### [Signature Page Follows]

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IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

#### BROADSTREET BANK, SSB
By: <u>/s/ Jason Sobel</u> <br> Name: Jason Sobel<br> Title: President & CEO

#### EXECUTIVE
<u>/s/ Jason McCrary</u> <br> **Jason McCrary**

<br> ****

## Exhibit 99.1

Exhibit 99.1<br>

### Texas Community Bancshares, Inc. Announces Chief Financial Officer Transition
MINEOLA, Texas; November 13, 2025 - Texas Community Bancshares, Inc. (the "Company") (NASDAQ: TCBS), the holding company of Broadstreet Bank, SSB (the "Bank"), announced today the retirement of Julie Sharff and appointment of Jason McCrary as Chief Financial Officer, effective December 1, 2025. During her tenure of over 28 years with the Company and the Bank, Ms. Sharff has been an integral part of shaping the Company's strategy and growth. She helped guide the Company through several key milestones – including its initial public offering and transition to a publicly-traded company and the establishment of public reporting and compliance practices. She will continue to consult with the Company as Jason McCrary settles into his role to ensure a smooth transition. Mr. McCrary brings more than two decades of experience in accounting, finance, and community banking leadership to the role.

"We are pleased to welcome Jason to the executive leadership team," said Jason Sobel, President and Chief Executive Officer. "His deep financial expertise and proven leadership will be invaluable as we continue to grow and strengthen our financial performance as part of our long-term growth and profitability strategy."

Jason joined the Company in 2024 as Vice President of Finance and Accounting and has since played a key role in advancing the organization's financial operations.

He began his career in public accounting with Deloitte & Touche, LLP in Ft. Worth, Texas, serving in the Audit and Assurance practice. He later held finance and accounting roles with a global pharmaceutical company before beginning his banking career in 2012.

Since entering community banking, McCrary has held financial leadership positions with two East Texas-based community banks, including serving as Chief Financial Officer of a nearly $2 billion institution prior to its acquisition by a larger regional bank. His experience spans financial reporting, strategic planning, mergers and acquisitions, and regulatory compliance, with a strong focus on fostering sustainable growth within community banking organizations.

McCrary holds a Bachelor's degree from Abilene Christian University and a Bachelor of Business Administration in Accounting from the University of Texas at Arlington. He is a Certified Public Accountant licensed in the State of Texas.

"I am honored to serve as Chief Financial Officer for Texas Community Bancshares and Broadstreet Bank," said McCrary. "It's an exciting time for the organization, and I look forward to contributing to its continued growth and success."

#### About Texas Community Bancshares, Inc.
Texas Community Bancshares, Inc. is the holding company for Broadstreet Bank SSB, a community-focused financial institution serving customers across East Texas with a commitment to relationship banking, local decision-making, and long-term community investment.