BankFinancial enters standstill agreement with Strategic Value Bank Partners

BankFinancial Corporation expanded its Board of Directors with the election of Aaron O’Connor and Benjamin Mackovak. O’Connor is a certified public accountant and is a partner with Bridge CPA. Mackovak is a co-founder and managing member of Strategic Value Bank Partners. On February 7, 2024, BankFinancial Corporation, Strategic Value Bank Partners, LLC, Strategic Value Investors LP and Mr. Mackovak agreed to a Standstill Agreement. The Standstill Agreement provides that, among other things, at any annual meeting of BankFinancial Corporation’s stockholders during the Standstill Period provided for in the Standstill Agreement, the SVB Partners Parties will vote all BankFinancial Corporation shares that they beneficially own in favor of the nominees for election or reelection as a director selected by the Corporate Governance and Nominating Committee of BankFinancial Corporation’s board of directors and will otherwise support such director candidates, and with respect to any other proposal submitted by any stockholder, will vote all BankFinancial shares that they beneficially own in accordance with the recommendation of BankFinancial Corporation’s board of directors.