On July 26, 2016, the Board of Directors of Meridian Bancorp, Inc. appointed Russell Chin and Cynthia Carney to the Board of Directors of the Company. It has not been determined at this time which committees of the Board of Directors, if any, Mr. Chin or Ms. Carney will be added to. There are no arrangements or understandings between either Mr. Chin or Ms. Carney and any other person pursuant to which each individual became a director.