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Eagle Bancorp Montana (NASDAQ: EBMT) taps Rensmon as President in CEO succession move

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(Moderate)
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Form Type
8-K

Rhea-AI Filing Summary

Eagle Bancorp Montana, Inc. announced a senior leadership change as part of its long-term succession planning. The Board decided to split the roles of Chief Executive Officer and President and appointed P. Darryl Rensmon, the current EVP and Chief Operating Officer, as President effective June 1, 2026.

Rensmon, age 65, will take responsibility for daily operations of the company and Opportunity Bank of Montana, while Laura F. Clark will remain Chief Executive Officer and her retirement date has not yet been set. The company states there are no related-party transactions or family relationships involving Rensmon requiring disclosure.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Effective date of presidency June 1, 2026 Date P. Darryl Rensmon becomes President
Age of new President 65 years Age of P. Darryl Rensmon as disclosed
Banking offices 30 offices Number of Opportunity Bank of Montana offices
Bank established year 1922 Year Opportunity Bank of Montana was established
long-term succession planning financial
"announced upcoming changes in roles and responsibilities of senior management as part of its long-term succession planning"
bank holding company financial
"Eagle Bancorp Montana, Inc. is a bank holding company headquartered in Helena, Montana"
A bank holding company is a parent corporation that owns one or more banks and other financial businesses, like a household that controls several shops under the same roof. Investors care because this structure determines how the business is regulated, how it raises capital, pays dividends, and absorbs losses; it can make a banking group safer or riskier and affects the value and liquidity of the company’s shares.
Regulation FD regulatory
"is incorporated by reference into this Item 7.01 in satisfaction of the public disclosure requirements of Regulation FD"
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
Item 404(a) of Regulation S-K regulatory
"required to be disclosed by Item 404(a) of Regulation S-K"
Nasdaq Global Market financial
"The shares of Eagle Bancorp Montana, Inc. are traded on the NASDAQ Global Market under the symbol “EBMT.”"
The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.
Understanding 8-K Material Events →
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  May 13, 2026

_______________________________

EAGLE BANCORP MONTANA, INC.

(Exact name of registrant as specified in its charter)

_______________________________

Delaware1-3468227-1449820
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

1400 Prospect Ave.

Helena, Montana  59601

(Address of Principal Executive Offices) (Zip Code)

(406) 442-3080

(Registrant's telephone number, including area code)

 

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01 per shareEBMTNasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 
 
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On May 18, 2026, Eagle Bancorp Montana, Inc. (the “Company”), the holding company of Opportunity Bank of Montana (the “Bank”), announced upcoming changes in roles and responsibilities of senior management as part of its long-term succession planning. In anticipation of the future retirement of current President and Chief Executive Officer, Laura F. Clark, the Board decided to split the roles of Chief Executive Officer and President and has appointed P. Darryl Rensmon, the current EVP and Chief Operating Officer, as President effective June 1, 2026. The effective date of Ms. Clark’s retirement has not yet been determined.

 

Mr. Rensmon, age 65, joined Eagle in September 2016 as Vice President/Chief Information Officer and was promoted to Senior Vice President in October 2017. He was promoted to Senior Vice President/Chief Operating Officer in October 2022, and Executive Vice President in April 2025. He also oversees the strategic direction of the home loan division, and the Company’s FinTech and innovation investments and initiatives. Mr. Rensmon was formerly the Vice President/Chief Information Officer for Morrison-Maierle, Inc. and the President of Morrison-Maierle Systems Corp., which provided customized IT services and consulting to companies across Montana. He holds a Bachelor of Science degree in Business Administration - Information Systems Management from Montana State University-Billings. He is a 2021 graduate of the Stonier Graduate School of Banking and the Wharton Leadership Program.

 

There were no arrangements or understandings between Mr. Rensmon and any other person pursuant to which he was selected as President, and there have been no transactions since the beginning of the Company’s last two fiscal years, nor are there any currently proposed transactions, regarding Mr. Rensmon that are required to be disclosed by Item 404(a) of Regulation S-K. In addition, there are no family relationships between Mr. Rensmon and any director or other executive officer.

 

Item 7.01. Regulation FD Disclosure.

 

On May 18, 2026, the Company issued a news release, a copy of which release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference, announcing a change in the Company’s senior management personnel.

 

References to the Company’s website and/or other social media sites or platforms in the release do not incorporate by reference the information on such websites, social media sites or platforms into this Current Report on Form 8-K, and the Company disclaims any such incorporation by reference. The information in the news release attached as Exhibit 99.1 is incorporated by reference into this Item 7.01 in satisfaction of the public disclosure requirements of Regulation FD. This information is “furnished” and not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, and is not otherwise subject to the liabilities of that section. Such information may be incorporated by reference in another filing under the Securities Exchange Act of 1934 or the Securities Act of 1933 only if and to the extent such subsequent filing specifically references the information incorporated by reference herein.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) The following exhibit is being furnished herewith and this list shall constitute the exhibit index:

 

Exhibit No. Description
   
99.1 Press Release dated May 18, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 EAGLE BANCORP MONTANA, INC.
   
  
Date: May 18, 2026By: /s/ Laura F. Clark        
  Laura F. Clark
  President and Chief Executive Officer
  

 

EXHIBIT 99.1

Eagle Bancorp Montana Appoints Darryl Rensmon to President; Laura Clark to Remain Chief Executive Officer

HELENA, Mont., May 18, 2026 (GLOBE NEWSWIRE) -- Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the “Company,” “Eagle”), the holding company of Opportunity Bank of Montana (the “Bank”), today announced upcoming changes in roles and responsibilities of senior management as part of its long-term succession planning. In anticipation of the future retirement of current President and Chief Executive Officer, Laura F. Clark, the Board announced a successor has been chosen. While the effective date of Ms. Clark’s retirement has not yet been determined, the Board of Directors (the “Board”) has decided to split the roles of Chief Executive Officer and President and has appointed P. Darryl Rensmon, the current EVP and Chief Operating Officer, as President effective June 1, 2026. Mr. Rensmon will assume responsibility for the daily operations of the Company and the Bank. Ms. Clark will continue as the Chief Executive Officer of the Company and the Bank.

“Darryl is a consummate leader, experienced in overseeing the operational direction of the Bank, as well as leading its innovation investments and strategic initiatives. We are confident in his ability in his new role as President to lead our team into the future. Together, Darryl and Laura will bring a dedicated and collaborative approach to guiding the Company and the Bank forward on behalf of our shareholders, customers, employees and communities,” stated Rick F. Hays, Chairman of the Board.

Mr. Rensmon joined Eagle in September 2016 as Vice President/Chief Information Officer and was promoted to Senior Vice President in October 2017. He was promoted to Senior Vice President/Chief Operating Officer in October 2022, and Executive Vice President in April 2025. He also oversees the strategic direction of the home loan division, and the Company’s FinTech and innovation investments and initiatives. Mr. Rensmon was formerly the Vice President/Chief Information Officer for Morrison-Maierle, Inc. and the President of Morrison-Maierle Systems Corp., which provided customized IT services and consulting to companies across Montana. He holds a Bachelor of Science degree in Business Administration - Information Systems Management from Montana State University-Billings. He is a 2021 graduate of the Stonier Graduate School of Banking and the Wharton Leadership Program.

“I have worked closely with Darryl for nearly a decade, and we share a similar perspective and strategic mindset. I am confident the transition will be smooth. Darryl is well-positioned to carry forward our long-term strategy and capitalize on the strong foundation we have established,” said Ms. Clark.

“I am honored by this opportunity to support our team across the organization, build on our success, and drive the Bank’s continued growth,” said Mr. Rensmon.

About the Company

Eagle Bancorp Montana, Inc. is a bank holding company headquartered in Helena, Montana, and is the holding company of Opportunity Bank of Montana, a community bank established in 1922 that serves consumers and small businesses in Montana through 30 banking offices. Additional information is available on the Bank’s website at www.opportunitybank.com. The shares of Eagle Bancorp Montana, Inc. are traded on the NASDAQ Global Market under the symbol “EBMT.”

Contacts:Laura F. Clark, President and CEO
 (406) 457-4007
 Miranda J. Spaulding, EVP and CFO
 (406) 441-5010


Source: View Original Filing on SEC EDGAR

FAQ

What leadership change did Eagle Bancorp Montana (EBMT) announce in this 8-K?

Eagle Bancorp Montana announced that P. Darryl Rensmon will become President on June 1, 2026, while Laura F. Clark remains Chief Executive Officer. The change is part of long-term succession planning and aims to separate the CEO and President roles at the bank holding company.

Will Laura F. Clark remain with Eagle Bancorp Montana (EBMT) after this change?

Yes. Laura F. Clark will continue as Chief Executive Officer of Eagle Bancorp Montana and Opportunity Bank of Montana. The company notes her future retirement is anticipated, but an effective retirement date has not yet been determined or disclosed in this filing.

What responsibilities will P. Darryl Rensmon have as President of Eagle Bancorp Montana?

As President, P. Darryl Rensmon will assume responsibility for the daily operations of Eagle Bancorp Montana and Opportunity Bank of Montana. He will continue overseeing the home loan division, as well as the bank’s FinTech and innovation investments and broader strategic initiatives.

What experience does new President P. Darryl Rensmon bring to Eagle Bancorp Montana (EBMT)?

P. Darryl Rensmon joined Eagle in 2016 as Vice President/Chief Information Officer and has since held senior operational roles. His background includes overseeing IT consulting at Morrison-Maierle companies and completing the Stonier Graduate School of Banking and Wharton Leadership Program in 2021.

How does Eagle Bancorp Montana describe this management change in terms of succession planning?

The company describes the appointment of P. Darryl Rensmon as President and the separation of CEO and President roles as part of its long-term succession planning. It explicitly links these moves to preparing for the anticipated future retirement of current President and Chief Executive Officer, Laura F. Clark.

Filing Exhibits & Attachments

5 documents

Press Releases

Other Documents