Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.

On March 28, 2022, the Bank of Guam (the "Bank") entered into a contract extension with the President and Chief Executive Officer of the Bank, Joaquin P.L.G. Cook, and the Executive Vice President and Chief Operating Officer of the Bank, Maria Eugenia H. Leon Guerrero, (the "Contract Extensions"). They both hold the same positions with BankGuam Holding Company (the "Company"). The Contract Extensions extend their Employment Agreements both dated April 1, 2019 with the Bank (the "Employment Agreements") to April 30, 2022. The original termination date of the Employment Agreements is March 31, 2022.

Retirement of Bank Executive Chairman, William D. Leon Guerrero

On March 31, 2022, the Employment Agreement of William D. Leon Guerrero dated April 1, 2019 with the Bank as the Executive Chairman will terminate. Mr. Leon Guerrero will retire from the Bank but will retain his seat as the Chairman of the Board of Directors of both the Bank and Company. He will receive as compensation all Board and Committee fees that are normally afforded nonemployee Directors of the Bank.

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