Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 21, 2021, the Boards of Directors of TEB Bancorp, Inc. (the
"Company") and the Equitable Bank, S.S.B. (the "Bank") appointed John Udvare as
Chief Financial Officer of those entities, effective January 1, 2022.
Mr. Udvare, age 57, is a Certified Public Accountant who joined the Bank in
November of this year, most recently serving as Vice President, Treasurer and
Controller. Mr. Udvare has over 36 years of banking experience including serving
as President and Chief Financial Officer of Sunset Bank and Savings, which was
recently acquired by another financial institution.
This appointment has been made in connection with a request of Lauren Poppen,
who currently serves as Chief Financial Officer, to modify her role at the
Bank. Effective January 1, 2022, Ms. Poppen will serve as Assistant Vice
President, Treasurer and Controller in order to provide her more flexibility in
her schedule.
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