Bancorp 34, Inc. (the "Company") announced the upcoming retirement of Jill Gutierrez as Co-President effective September 30, 2020. Concurrently with Ms. Gutierrez's retirement, James T. Crotty has been appointed to serve as the President of Bancorp 34, Inc. and Bank 34. Mr. Crotty joined the Company in July 2020 as Co-President. Mr. Crotty has been appointed to the Board of Directors of both Companies.