The Executive will serve as Executive Vice President, Chief Accounting Officer of the Bank until the Bank has filed its quarterly report on Form 10-Q for the third quarter 2016 with the Securities Exchange Commission, at which time he shall automatically assume the position of Chief Financial Officer, having such power, authority and responsibility and performing such duties as are prescribed by or under the Bylaws of the Company and as are customarily associated with such positions as reasonably determined by the Company’s Chief Executive Officer. The Executive shall, if requested, also serve as a member of the Board of Directors of Bank affiliates or as an officer or director of any affiliate of the Company for no additional compensation.