On December 23, 2016, MB Bancorp, Inc. announced that the boards of directors of the company and Madison Bank of Maryland had appointed Nicole N. Glaeser and Louis J. Vigliotti to the boards of directors of the company and the Bank effective December 20, 2016. Committee assignments for Ms. Glaeser and Mr. Vigliotti had not been determined as of the filing of the Initial Form 8-K. On January 24, 2017, the boards of directors of the company and the Bank appointed Ms. Glaeser to serve as chairman of the audit committee and to serve on the directors' loan committee. The boards also appointed Mr. Vigliotti to serve on the nominating/corporate governance committee, the directors' loan committee and the ALCO/Budget/Strategic Planning Committee.