On February 25, 2019, Steven M. Fusco, Senior Executive Vice President and Chief Financial Officer of SB One Bancorp, notified the Company of his resignation effective March 8, 2019. Mr. Fusco will continue to serve in his current capacity with the Company until the effective date of his resignation. There were no disagreements between Mr. Fusco and the Company.

On February 27, 2019, the Board of Directors of the Company appointed Adriano Duarte Interim Chief Financial Officer, effective as of March 8, 2019. Mr. Duarte joined the Company in November 2011 and has served as Senior Vice President and Assistant Financial Officer of the Company since 2015. Mr. Duarte has also served as the Assistant Financial Officer of SB One Bank since 2015.

Prior to joining the Company and SB One Bank, Mr. Duarte served as a financial reporting and accounting manager at Investors Savings Bank from 1996 to 2011. Mr. Duarte is a licensed Certified Public Accountant and member of the American Institute of Certified Public Accountants.