Robert W. Kimbro was named President and Chief Executive Officer of Magnolia Bancorp, Inc., effective June 1, 2026. As of November 6, 2026, Magnolia Bancorp, Inc. has reported 2 leadership change filings to the SEC under Item 5.02 of Form 8-K, from June 1, 2026 to August 13, 2026, naming 1 appointment and 2 departures (Form 8-K, June 1, 2026).
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Magnolia Bancorp, Inc. reported changes in 2 filings among its directors and officers to the SEC on Form 8-K, Item 5.02, from 2026-06-01 to 2026-08-13. They name 1 person, with 1 appointment and 2 departures. Every row below is cited to the filing it comes from, and this page adds each new change as Magnolia Bancorp, Inc. files it.
Also on the record for Magnolia Bancorp, Inc.
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| March 6, 2026 | Stake report, Schedule 13G/A, by Magnolia Bancorp, Inc. Employee Stock Ownership Plan | 8% of the class | 5%+ stakes | Source |
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Timeline
| Filed | In / out | Person | Role | Effective | Source |
|---|---|---|---|---|---|
| 2026-08-13 | Out | 8-K, 2026-08-13 | |||
| 2026-06-01 | In | President and Chief Executive Officer | 2026-06-01 | 8-K, 2026-06-01 | |
| 2026-06-01 | Out | 8-K, 2026-06-01 |
Who leads Magnolia Bancorp, Inc., as last reported?
For each role that changed in the filings below, the most recent change reported. A role that did not change in these filings is not listed.
- President and Chief Executive Officer: Robert W. Kimbro, appointed, effective 2026-06-01 (filed 2026-06-01).
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Departing: Robert W. Kimbro
Mr. Kimbro retired from Ernst & Young in June 2018 after more than 38 years in public accounting.
- (b) On August 10, 2026, Donice Wagner submitted her voluntary resignation of her positions as the Executive Vice President, Chief Financial Officer and Secretary of Magnolia Bancorp, Inc. ("Magnolia") and its wholly owned subsidiary Mutual Savings and Loan Association ("Mutual Savings"), in each case effective as of August 21, 2026..
- Ms. Wagner was appointed to those positions on September 18, 2025.
- Ms. Wagner, who was previously a consultant prior to joining Magnolia and Mutual Savings, informed the organizations of her desire to return to her consulting practice.
- Michael L. Hurley, Executive Chair of the Board of Directors, said, "We are grateful for the valuable contributions Ms. Wagner made to Magnolia and Mutual Savings.
- We wish her continued success in her future consulting endeavors." (c) On August 11, 2026, both Magnolia and Mutual Savings changed the titles of Michael L. Hurley, Executive Chair and Robert W. Kimbro, President and Chief Executive Officer to reflect the departure of Ms. Wagner.
- The new titles for Michael L. Hurley will be Executive Chair and Chief Executive Officer, and the new titles for Robert W. Kimbro will be President and Chief Financial Officer, in each effective upon Ms. Wagner's departure.
Appointed: Robert W. Kimbro, President and Chief Executive Officer, effective 2026-06-01
(c) On May 28, 2026, both the Company and the Association appointed Robert W. Kimbro as their President and Chief Executive Officer effective as of June 1, 2026.
Departing: Robert W. Kimbro
Mr. Kimbro retired from Ernst & Young in June 2018 after more than 38 years in public accounting.
- (b) Pursuant to a planned leadership transition, Michael L. Hurley, Chairman, President and Chief Executive Officer of Magnolia Bancorp, Inc. (the "Company") and its wholly owned subsidiary Mutual Savings and Loan Association (the "Association"), informed the Board of Directors on May 28, 2026 that he was voluntarily relinquishing his titles as President and Chief Executive Officer of both the Company and the Association effective as of June 1, 2026.
- Mr. Hurley, who is currently age 78, had served as President and Chief Executive Officer of the Association since 1984 and of the Company since its formation in May 2024.
- Because Mr. Hurley will continue to be actively involved with both the Company and the Association, the Board of Directors appointed him as Executive Chair of both the Company and the Association.
- Mr. Hurley agreed to reduce his salary effective as of June 1, 2026 from $295,620 to $175,000 to reflect his reduced responsibilities and to help offset the salary of his successor.
- The Board of Directors thanks Mr. Hurley for his four decades of service to the Association.
- Mr. Kimbro, a certified public accountant, age 68, was previously a co-owner of SageWay LLC from 2020 to 2026, which was based in New Orleans, Louisiana and was primarily focused on assisting businesses with transitional and growth strategies.
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Where this comes from
A public company must file a current report on Form 8-K with the SEC within four business days when a director leaves or is elected, or when its chief executive, chief financial, chief accounting or chief operating officer, or another named executive, departs or is appointed. That disclosure goes under Item 5.02 of the report.
Every change on this page is taken from one of those filings and quoted in the company's own words, with a link to the filing, so it can be checked at the source. Where a filing names the person, the role and the date a change takes effect, they are shown beside the quote. Where it does not, the quote stands on its own. A filing states what changed; it rarely states why, and neither does this page.