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DOVER, NH – First Seacoast Bancorp , Inc. (NASDAQ:FSEA), a $45.42 million market cap financial institution, announced on Thursday the extension of employment agreements for three of its top executives. The board has agreed to extend the terms for CEO James R. Brannen, along with executives Richard M. Donovan and Timothy F. Dargan.
According to the SEC filing, the contracts of Brannen, Donovan, and Dargan were set to expire but have now been extended. Brannen’s new contract will run until March 31, 2028, while Donovan and Dargan’s contracts are extended until March 31, 2027.
This move ensures leadership stability at the federally chartered savings institution headquartered in Dover (NYSE:DOV), New Hampshire. The extension of these contracts may be seen as a sign of confidence in the current management team by the board of directors.
First Seacoast Bancorp, a Maryland corporation, is listed on The Nasdaq Stock Market LLC under the trading symbol FSEA. The company has not disclosed the specific terms of the executives’ compensatory arrangements in the recent filing.
The information is based on a press release statement from First Seacoast Bancorp, Inc. and reflects the company’s filings with the United States Securities and Exchange Commission as of January 30, 2025.
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