Marquette National Corporation Appoints Attorney, Meghan E. McCarthy, to Board of Directors

Rhea-AI Summary

Marquette National Corporation (OTCQX: MNAT) announced the appointment of Meghan E. McCarthy to its Board of Directors effective Feb. 4, 2026. McCarthy is a partner at Morgan Lewis in Boston with tax and transaction experience and joins her cousin, Terese M. Best, on the board.

The company highlighted her expertise in financial stewardship, risk management, and US tax matters as supportive of governance and long-term stability.

Positive

• Adds US tax and transaction expertise through McCarthy's Morgan Lewis partner role
• Strengthens financial stewardship and risk management capabilities on the board
• Maintains continuity with founding family via a board member with family ties and institutional knowledge

Negative

• Increases family representation on the board, which could raise governance concentration concerns

CHICAGO, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Marquette National Corporation (OTCQX: MNAT) has recently announced that Meghan E. McCarthy has been appointed to the Board of Directors. McCarthy currently serves as Partner in the Boston office of Morgan Lewis, a global law firm of more than 2,200 lawyers and legal professionals.

"Adding Ms. McCarthy to our Board of Directors is a significant asset for our organization. Meghan's deep expertise in financial stewardship and risk management, along with her legal experience will strengthen our governance and support Marquette National Corporation's long-term stability," said Paul M. McCarthy, Chairman of the Board and CEO of Marquette National Corporation.

Ms. McCarthy focuses her practice on US tax matters and commercial considerations related to the efficient structuring and implementation of transactions and business relationships. She was listed in The Best Lawyers in America, Ones to Watch, Tax Law, Boston 2026 and Next Generation Partner, Tax: US taxes: non-contentious in The Legal 500 US for 2024 and 2025. Prior to joining Morgan Lewis, McCarthy worked for KPMG US as a Senior Associate, State and Local Tax - Mergers and Acquisitions. McCarthy completed her undergraduate education at Cornell University and her Juris Doctor at Boston College Law School.

"I am humbled and honored to serve as a board member for an organization that my grandfather founded 80 years ago. It is a full circle moment to bring my professional expertise to a family business that has prospered and grown strategically." She joins her cousin, Terese M. Best, Vice Chair of Marquette National Corporation, as a board member.

About Marquette National Corporation

Marquette National Corporation is a diversified bank holding company with total assets of $2.2 billion. The Company's banking subsidiary, Marquette Bank, is a full-service, community bank that serves the financial needs of communities in Chicagoland, offering an extensive line of financial solutions, including retail banking, real estate lending, trust, insurance, investments, wealth management and business banking to consumers and commercial customers. Marquette Bank has 20 branches located in: Chicago, Bolingbrook, Bridgeview, Evergreen Park, Hickory Hills, Lemont, New Lenox, Oak Forest, Oak Lawn, Orland Park, Summit and Tinley Park, Illinois. For more information visit: https://emarquettebank.com

Special Note Concerning Forward-Looking Statements.

This document contains, and future oral and written statements of the Company and its management may contain, forward-looking statements with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company’s management and on information currently available to management, are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “bode”, “predict,” “suggest,” “project”, “appear,” “plan,” “intend,” “estimate,” ”annualize,” “may,” “will,” “would,” “could,” “should,” “likely,” “might,” “potential,” “continue,” “annualized,” “target,” “outlook,” as well as the negative forms of those words, or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events. A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forward-looking statements. These factors include, but are not limited to: (i) the strength of the local, state, national and international economies and financial markets (including effects of inflationary pressures); (ii) effects on the U.S. economy resulting from actions taken by the federal government, including the threat or implementation of tariffs, immigration enforcement, and changes in foreign policy and tax regulations; (iii) the economic impact of any future terrorist threats and attacks, widespread disease or pandemics, military conflicts, acts of war or threats thereof (including the Russian invasion of Ukraine, ongoing conflicts in the Middle East and the recent military actions in Venezuela), or other adverse events that could cause economic deterioration or instability in credit markets, and the response of the local, state and national governments to any such adverse external events; (iv) new or revised accounting policies and practices, as may be adopted by state and federal regulatory agencies, the Financial Accounting Standards Board or the Public Company Accounting Oversight Board; (v) changes in local, state and federal laws, regulations and governmental policies concerning the Company’s general business; (vi) the imposition of tariffs or other governmental policies impacting the value of products produced by the Company’s commercial borrowers; (vii) increased competition in the financial services sector, including from non-bank competitors such as credit unions and fintech companies, and the inability to attract new customers; (viii) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (ix) unexpected results of acquisitions which may include failure to realize the anticipated benefits of the acquisitions and the possibility that transaction costs may be greater than anticipated; (x) the loss of key executives and employees, talent shortages and employee turnover; (xi) changes in consumer spending; (xii) unexpected outcomes and costs of existing or new litigation or other legal proceedings and regulatory actions involving the Company; (xiii) the economic impact on the Company and its customers of climate change, natural disasters and exceptional weather occurrences such as tornadoes, floods and blizzards; (xiv) fluctuations in the value of securities held in our securities portfolio, including as a result of changes in interest rates; (xv) credit risk and risks from concentrations (by type of borrower, geographic area, collateral and industry) within our loan portfolio and large loans to certain borrowers (including CRE loans); (xvi) the overall health of the local and national real estate market; (xvii) the ability to maintain an adequate level of allowance for credit losses on loans; (xviii) the concentration of large deposits from certain clients who have balances above current FDIC insurance limits and who may withdraw deposits to diversify their exposure; (xix) the ability to successfully manage liquidity risk, which may increase dependence on non-core funding sources such as brokered deposits, and may negatively impact the Company’s cost of funds; (xx) the level of non-performing assets on our balance sheets; (xxi) interruptions involving our information technology and communications systems or third-party servicers; (xxii) the occurrence of fraudulent activity, breaches or failures of our third-party vendors’ information security controls or cybersecurity-related incidents, including as a result of sophisticated attacks using artificial intelligence and similar tools or as a result of insider fraud; (xxiii) changes in the interest rates and repayment rates of the Company’s assets; (xxiv) the effectiveness of the Company’s risk management framework, and (xxv) the ability of the Company to manage the risks associated with the foregoing as well as anticipated. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

For more information:
Patrick Hunt
SEVP / CFO
708-364-9019
phunt@emarquettebank.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/83befd15-0e22-4eca-9800-b21b7c43ef71

FAQ

Who is Meghan E. McCarthy and what role was announced at Marquette National (MNAT) on Feb. 4, 2026?

She was appointed to the Board of Directors effective Feb. 4, 2026. According to the company, McCarthy is a Morgan Lewis partner in Boston focused on US tax and transaction structuring, bringing legal and financial stewardship experience to MNAT's governance.

What experience does Meghan E. McCarthy bring to Marquette National Corporation (MNAT)?

She brings tax and transaction experience as a partner at Morgan Lewis. According to the company, McCarthy previously worked at KPMG US in state and local tax M&A and holds a JD from Boston College Law School.

How does Marquette National (MNAT) say McCarthy will impact the board and governance?

The company said her expertise will strengthen governance and long-term stability. According to the company, McCarthy's background in financial stewardship and risk management is expected to support oversight and strategic decision-making at MNAT.

Is Meghan E. McCarthy related to existing Marquette National (MNAT) leadership?

Yes; she joins her cousin, Terese M. Best, on the board. According to the company, McCarthy also noted a family connection to the firm's founder and described the appointment as a full-circle moment.

What prior recognitions and qualifications does Meghan E. McCarthy have relevant to MNAT shareholders?

She has legal honors and prior Big Four experience that bolster credibility. According to the company, McCarthy was listed in Best Lawyers in America Ones to Watch 2026 and featured in The Legal 500 for 2024–2025.