Central Plains Bancshares, Inc.

Central Plains Bancshares, Inc. announced that its wholly-owned subsidiary, Home Federal Savings and Loan Association of Grand Island, has extended the terms of employment agreements for its top executives. The Employment Agreement for President and Chief Executive Officer Dannel R. Garness, and the Change in Control Agreements for Executive Vice President and Chief Financial Officer Bradley M. Kool, and Executive Vice President and Chief Lending Officer Kurt A. Haecker, have been extended to expire on October 24, 2029. No other terms of these agreements were altered.

Central Plains Bancshares reported a strong second quarter for 2026, with net income increasing by 51% year-over-year to $1.49 million and basic earnings per share rising to $0.39. The company saw growth in total assets and deposits, reaching $562.42 million and $465.84 million respectively. Net interest income also improved, though the provision for credit losses increased and unrealized losses on available-for-sale securities widened slightly.

Central Plains Bancshares, Inc. announced that its Board of Directors approved the submission for regulatory approval of a new stock repurchase program. The program would allow the company to repurchase up to 417,481 shares, representing approximately 10.0% of its current outstanding common stock. This new program is intended to replace the company's existing repurchase program upon adoption and regulatory non-objection.

Central Plains Bancshares, Inc.'s wholly-owned subsidiary, Home Federal Savings and Loan Association of Grand Island, entered into a change in control agreement with Bradley M. Kool, Executive Vice President and Chief Financial Officer. The agreement has an initial term of three years and automatically renews for two years upon a change in control. In the event of involuntary termination or resignation for "good reason," Mr. Kool will receive a lump sum severance equal to three times his base salary plus highest annual cash bonus, along with up to 18 months of COBRA premium reimbursement.

Central Plains Bancshares, Inc. and Home Federal Savings and Loan Association of Grand Island appointed Dannel R. Garness and Francis Younes to their respective Boards of Directors on July 7, 2026. Mr. Younes was the nominee proposed by the Stilwell Group, an activist investor, who also intends to present a business proposal for the company to repurchase no less than 10% of its outstanding common stock annually if it trades below book value per share. Mr. Garness will not receive director fees as an employee director, while Mr. Younes will receive standard non-employee director compensation.