On November 22, 2017, Lawrence B. Seidman announced that he had a phone call with Kevin Maroney, the present Chief Financial Officer and Chief Operating Officer of FSB Bancorp, Inc. Lawrence B. Seidman stated that Kevin Maroney would become the President and Chief Financial Officer of the Company on January 1, 2018. Lawrence B. Seidman stated that during the phone call, Lawrence B. Seidman suggested that the Company continue to accelerate its buy-back program and consider a special dividend. Lawrence B. Seidman and Kevin Maroney also discussed different ways to maximize shareholder value and agreed to keep an open dialogue in the future.