Bogota Financial appoints new director and committee member

Published 30/01/2025, 17:14
Bogota Financial appoints new director and committee member

TEANECK, NJ – Bogota Financial Corp . (NASDAQ:BSBK), a $100 million market cap financial institution, announced the appointment of Peter T. Donnelly to its board of directors, slated to take effect on March 26, 2025. In addition to his director role, Mr. Donnelly will contribute to the company’s Audit Committee and IT Committee.

The announcement, made in a recent SEC filing, clarifies that Mr. Donnelly’s appointment arose from direct company decision without any external arrangements or understandings influencing the choice. Furthermore, Bogota Financial confirmed that Mr. Donnelly has no involvement in any transactions that would necessitate disclosure under SEC Regulation S-K Item 404(a).

Bogota Financial, a Maryland-chartered savings institution not federally chartered, operates primarily from its headquarters at 819 Teaneck Road, Teaneck, New Jersey. Trading at $7.88, the stock has gained nearly 12% over the past six months, though InvestingPro analysis suggests the shares are currently trading above their Fair Value. The company’s common stock is traded on The Nasdaq Stock Market under the symbol BSBK.

This executive move comes as part of the company’s ongoing governance and oversight strengthening, ensuring the board’s composition aligns with the organization’s strategic direction and regulatory requirements. According to InvestingPro metrics, which include over 30 key financial indicators, the company currently shows a Weak overall financial health score, making strong governance particularly crucial. Mr. Donnelly’s experience and anticipated contributions to the Audit and IT Committees are expected to bolster the company’s oversight in these critical areas.

The information provided is based on a press release statement filed with the SEC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.