Home Federal Bancorp Inc. Of Louisiana (HFBL) has released an update.
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Home Federal Bancorp, Inc. of Louisiana has entered into transition agreements with two key executives. Glen W. Brown, the CFO, and Adalberto Cantu, Jr., the Senior Credit Officer, will shift to part-time or consulting roles starting January 1, 2025, following their service through 2024. Their 2024 salaries will be halved from 2025, and they will continue to receive certain benefits and a mobile phone allowance. Both executives are set to retire by November 15, 2025, with a potential $10,000 severance, provided they meet specified conditions. If they leave early due to specific circumstances, they will only receive continued insurance coverage.
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