Federal Reserve Approves Alfred T. Rogers, Jr. as New President and CEO

summarizeSummary

BayFirst Financial Corp. announced the formal appointment of Alfred T. Rogers, Jr. as its new President and CEO, with the Federal Reserve's non-objection, amidst ongoing financial challenges.

check_boxKey Events

• New CEO Appointment Formalized

  Alfred T. Rogers, Jr. has been formally appointed as the Company's President, Chief Executive Officer, and a member of its Board of Directors, effective May 14, 2026.

• Regulatory Approval Received

  The appointment received the non-objection of the Federal Reserve Bank of Atlanta, completing the regulatory process for the leadership change.

• Leadership Change Amidst Financial Distress

  This executive appointment occurs as the company faces significant financial losses, regulatory capital shortfalls, and is undertaking a highly dilutive capital raise, as previously disclosed.

auto_awesomeAnalysis

This filing formalizes the appointment of Alfred T. Rogers, Jr. as President, CEO, and a Board member, following the Federal Reserve Bank of Atlanta's non-objection. This leadership change is highly significant given the company's recent disclosures of substantial net losses, regulatory capital deficiencies, and a deeply discounted, highly dilutive capital raise. A new CEO is often brought in to navigate such critical periods and attempt a turnaround.