Morgan City, LA – At its Annual Shareholders’ Meeting this month, MC Bancshares, Inc., the
holding company for M C Bank & Trust Company ("M C Bank"), appointed two new board
members – Steve Nathanson and Townsend Underhill. Prior to their joining, both Nathanson and
Underhill served on the bank’s Greater New Orleans Advisory Board, with Underhill as the Chair.

Nathanson’s career spans 50 years as an industrialist, entrepreneur, business leader, engineer,
and philanthropist. Currently, he serves as Chairman of the Board and Managing Partner of
Nathanson Energy, a 52-year-old family trust, investing and operating a diverse portfolio of
energy, construction, and agriculture companies.

Underhill is the President & CEO of Stirling, a comprehensive full-service commercial real estate
company with offices across the Gulf South and headquarters in Covington, Louisiana. He has
also served on several boards, including GNO, Inc., St. Tammany Chamber of Commerce, and
Young Presidents Organization Louisiana Chapter.

“We are thrilled to welcome Steve and Townsend to our board,” said Kenny Nelkin, M C Bank’s
Board Chairman. “Their experiences, forward-thinking perspectives, and community involvement
align perfectly with M C Bank’s mission. We look forward to their insights as we continue to grow
and serve our clients.”

Chris LeBato, President & CEO of M C Bank, added, “The bank is poised to grow, and Steve and
Townsend’s skillset will be a great addition to our continued commitment to strategic growth and
innovation. They both bring decades of experience and leadership which will be instrumental in
helping to guide M C Bank.”