Bancorp 34, Inc. announced that James Crotty has initially been appointed Co-President and Chief Executive Officer of Bancorp 34 and Bank 34, effective July 20, 2020. Current President and Chief Executive Officer Jill Gutierrez will remain with Bancorp 34 and Bank 34 as Co-President and Chief Executive Officer for a short period of time to assist with transition matters. Mr. Crotty is a Director at Keefe, Bruyette & Woods, Inc. where he has spent the last 16 years of his career. He has advised community banks on a variety of strategic initiatives, with a primary focus on mergers and acquisitions, debt and equity capital raising (including mutual to stock conversions and initial public offerings), branch and asset purchases and divestitures as well as overall strategic planning initiatives. Mr. Crotty is a graduate of Miami University in Ohio where he majored in Management Information Systems with a minor in Finance. Mr. Crotty will work in Bank 34'sArizona regional headquarters in Scottsdale.