On October 16, 2019, the Board of Directors of Cincinnati Bancorp appointed Robert A. Bedinghaus to serve as the Chief Executive Officer of the Company effective January 1, 2020. Also on October 16, 2019, the Board of Directors of Cincinnati Federal (the “Bank”), the Company’s wholly-owned bank subsidiary, and the Board of Directors of CF Mutual Holding Company (the “MHC”), the Company’s parent mutual holding company, both took the same action. Currently, Mr. Bedinghaus serves as Executive Chairman of the Board of Directors of each of the MHC, the Company and the Bank. He will continue to serve as Chairman of the Board of Directors of each of the MHC, the Company and the Bank upon the effectiveness of his appointment as Chief Executive Officer.