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ECB Bancorp Implements Deferred Compensation Plan for CFO

Story Highlights

An update from ECB Bancorp, Inc. ( (ECBK) ) is now available.

On February 19, 2025, ECB Bancorp, Inc.’s subsidiary, Everett Co-operative Bank, implemented a Non-qualified Deferred Compensation Plan for its CFO, Brandon Lavertu. This plan allows for annual contributions based on Lavertu’s performance, with vesting schedules and conditions outlined, potentially impacting the company’s financial obligations and stakeholder interests.

More about ECB Bancorp, Inc.

ECB Bancorp, Inc. operates in the banking industry through its wholly owned subsidiary, Everett Co-operative Bank. The company primarily offers financial services and products, focusing on banking operations.

YTD Price Performance: -2.33%

Average Trading Volume: 6,692

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $124.2M

See more insights into ECBK stock on TipRanks’ Stock Analysis page.

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