Andrew Finkelstein, the Chairman of the board of ES Bancshares, Inc. announced the appointment of Tom Thiel to the boards of directors of ES Bancshares Inc. and Empire State Bank with a term expiring at the 2025 Annual Meeting. Mr. Thiel is a principal at JWTT, Inc., a broker dealer that specializes in financial services companies. Mr. Thiel has extensive experience in bank stock investing and trading and investment banking.

In connection with his appointment to the boards, Mr. Thiel and JWTT agreed to support the boards through the 2025 annual meeting of stockholders and granted ES Bancshares and its directors a right of first refusal to purchase their stock should they desire to sell it prior to the 2025 annual meeting.