On December 11, 2017, Jeffrey Thorp announced that he has engaged in, and expects to continue to engage in, discussions with members of management and the board of directors of MB Bancorp, Inc., other current or prospective shareholders, industry analysts, existing or potential strategic partners or competitors, investment and other professionals, and other third parties regarding a variety of matters relating to the Company, which may include, among other things, the Company's business, management, capital structure and allocation, corporate governance, Board composition and strategic alternatives and direction, and may take other steps seeking to bring about changes to increase shareholder value as well as develop or pursue plans and/or make proposals with respect to, or with respect to potential changes in, the operations, management, the certificate of incorporation and bylaws, Board composition, ownership, capital or corporate structure, dividend policy, strategy and plans of the Company, potential strategic transactions involving the Company or certain of the Company's businesses or assets, or may change his intention with respect to any and all matters referred to in this Item 4 of Schedule 13D