Consumers Bancorp, Inc. Announces Joseph Gerzina as Chairman of the Board

Consumers Bancorp, Inc. Announces Joseph Gerzina as Chairman of the Board

Minerva, Ohio-October 22, 2026 (OTCQX: CBKM) Consumers Bancorp, Inc. (Consumers) today announced that the Board of Directors has elected current director Joseph Gerzina to succeed Frank Paden as Chairman of the Board of both Consumers Bancorp, Inc. and Consumers National Bank effective October 29, 2026.

Gerzina, (age, 70), was appointed by the Board of Directors in July 2024 as a Director of Consumers Bancorp, Inc. and Consumers National Bank. He serves as an independent member of the Audit, Director Loan, and Corporate Governance and Nominating committees. A Canton, Ohio, resident, Gerzina retired after a 40-year career in Northeast Ohio's financial services industry, during which he held senior management roles, including Senior Vice President and Regional President, at several regional and local banks. He is a graduate of Capital University in Columbus, Ohio, and the Stonier School of Banking at the University of Delaware.

"Since joining Consumers' Board, Joe has drawn on his deep understanding of the commercial market and his experience in both community and regional banks to provide unique insight as the bank has grown in asset size, complexity, and market breadth. He brings a long-term, big-picture strategic perspective, appreciates the uniqueness of community banking, and understands the industry's opportunities and challenges. His past and present involvement with local economic and nonprofit organizations mirrors the bank's commitment to making a difference in the communities we serve. The Board of Directors and the executive management team look forward to working with Joe to position Consumers Bancorp, Inc. and Consumers National Bank as a leading community focused financial services provider," said Ralph J. Lober II, President and CEO of Consumers Bancorp, Inc.

Gerzina will replace Frank Paden, who will retire as of the company's annual shareholder meeting on October 29, 2026. Paden was appointed to the Consumers Bancorp, Inc. and Consumers National Bank Boards on July 15, 2013. He was elected Vice Chairman in January 2023 and Chairman of the Board on January 1, 2024. As Chairman, he also served on the Asset & Liability, Audit, Compensation, Executive, and Director Loan committees. "Frank's decades-long community banking career has proved invaluable as Consumers has grown in assets by more than $1 billion during his Board tenure. A respected leader in Ohio's community banking industry, he has consistently demonstrated a drive for excellence and an intense interest in our communities. I sincerely thank Frank for his career long commitment to community banking and for his thirteen years of service to Consumers National Bank," said Lober.

About Consumers Bancorp, Inc: Consumers Bancorp, Inc. (OTCQX: CBKM) is the publicly traded single-bank holding company of Consumers National Bank, a $1.3 billion-asset community bank with headquarters in Minerva, Ohio. The bank operates 23 branches and one loan center in Ohio's Carroll, Columbiana, Jefferson, Mahoning, Stark, and Summit counties. The bank does significant commercial, residential, and consumer lending in these counties and the 16 adjacent Ohio, Pennsylvania, and West Virginia counties.