BANKFINANCIAL CORPORATION (NASDAQ:BFIN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

As previously reported, on November 18, 2019 William J. Deutsch, Jr. President of the BankFinancial NA (“Bank”) Commercial Leasing Division, tendered his resignation.

On December 12, 2019>Mr. Deutsch agreed to perform consulting services for the Bank for a period of two and one half months beginning December 18, 2019. During this period, Mr. Deutsch shall provide up to 160 hours of consulting services as may be requested, with respect to equipment lease and commercial finance practices and industry standards or information, including historical information (the “Services”). Such Services shall be rendered to the Board of Directors or the Chief Executive Officer of the Bank, or such other officers of the Bank as are mutually agreed upon between Mr. Deutsch and the Bank. The Services to be provided by Mr. Deutsch in any month during the term shall require no more than 20 hours per week of his time unless otherwise agreed by the parties. A deficiency of hours in any month may be made up in another month, and any surplus hours in any month may be credited to another month. The Company will pay Mr. Deutsch a consulting fee of $20,000.00.

The forgoing description of the Agreement is not complete and subject to, and qualified in its entirety by the text of the Agreement, which is attached as Exhibit 10.1 to this Current Report, and incorporated herein by reference.

(a) Not Applicable.

(b) Not Applicable.

(c) Not Applicable.

(d) Exhibits.

Exhibit No. Description

10.1Consulting Agreement dated as of December 12, 2019, between BankFinancial, National Association and William J. Deutsch, Jr.

BankFinancial CORP Exhibit
EX-10.1 2 bfin2019128k101wdeutschcon.htm EXHIBIT 10.1 Exhibit Exhibit 10.1Consulting AgreementThis Consulting Agreement (this “Agreement”) is made effective as of the 18th day of December 2019,…
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About BANKFINANCIAL CORPORATION (NASDAQ:BFIN)

BankFinancial Corporation is the bank holding company for BankFinancial, F.S.B. (the Bank). The Bank is a full-service, community-oriented federal savings bank principally engaged in the business of commercial, family and personal banking. The Bank offers its customers a range of loan, deposit and other financial products and services through approximately 20 full-service Illinois-based banking offices located in Cook, DuPage, Lake and Will Counties, and through its Internet branch, www.bankfinancial.com. The Bank also offers its customers a range of financial products and services that are related or ancillary to loans and deposits, including cash management, funds transfers, bill payment, and other online and mobile banking transactions, automated teller machines, safe deposit boxes, trust services, wealth management and general insurance agency services. The Bank provides trust and financial planning services through its Trust Department.