Board adds a director and elevates its controller to chief accounting officer.

- This is routine governance and finance-function housekeeping, not an earnings or strategy reset. The company added Michael E. Regan as a new director—expanding the board to 13 members rather than replacing someone—and placed him on the Audit, Enterprise Risk, and Finance Committees (Item 5.02 — Director election). Nothing in the filing changes guidance, capital plans, asset quality disclosures, or operating outlook.

- The accounting leadership move is an internal elevation, which limits the surprise factor. Diane Gigliotti, previously the bank’s Senior Vice President and Controller and with the company since 2023, becomes Senior Vice President and Chief Accounting Officer for both the company and bank (Item 5.02 — Chief Accounting Officer appointment). That supports continuity in financial reporting rather than signaling a newly identified accounting issue; the filing does not disclose a predecessor departure, restatement, control weakness, or other triggering event.

- Compensation is executive-level but not material to the investment case. Gigliotti’s initial base salary is $310,000, with target annual and long-term incentive opportunities of 30% and 25% of salary, respectively (Item 5.02 — Chief Accounting Officer compensation). The appointment may strengthen oversight of reporting, regulatory filings, controls, and tax, but it provides no new financial information for the market to revalue.

- Net read: largely as expected for a personnel announcement. The meaningful new facts are expanded board capacity and a formalized accounting leadership role; neither alters the standing business or financial picture disclosed in this 8-K.