JD Bancshares and JD Bank Announce Leadership Succession Page 1

JENNINGS, LA / ACCESSWIRE / September 10, 2024 / The Board of Directors of JD Bancshares, Inc. (OTCQX:JDVB) (the “Company”) today announced that Paul E. Brummett, II has been appointed President of the Company and Chief Executive Officer of JD Bank, the Company’s banking subsidiary, effective October 1, 2024. Mr. Brummett will also join the Boards of Directors of the Company and JD Bank on the same date. Mr. Brummett succeeds Bruce W. Elder, who has led the Company and JD Bank since 2019. Mr. Elder will remain with the Company and JD Bank through the end of the year in an advisory role to assist with management succession planning.

In addition to Mr. Brummett’s appointment, JD Bank has promoted Chief Banking Officer James A. “Jimmy” LeBlanc to the office of President/Chief Banking Officer. Controller and Investment Officer Jared Doucet has been promoted to Chief Financial Officer of the Company and JD Bank. Each of these appointments was made in a manner consistent with the management succession plans previously adopted by the Board of Directors.