On June 23, 2022, the Board of Directors of NorthEast Community Bancorp, Inc. appointed Linda M. Swan as a director of the Company, effective immediately. Ms. Swan was also appointed to the Board of Directors of the Company's wholly owned subsidiary, NorthEast Community Bank, effective immediately. Ms. Swan was not appointed to any committees of the Company's Board of Directors in connection with her appointment as a director.

Ms. Swan was not selected in connection with any arrangements or understandings with any persons. She will receive customary fees for her service on the Company's Board of Directors. Ms. Swan previously served as a member of the Board of Directors of NorthEast Community Bancorp, Inc., the federal corporation that was the predecessor to the Company, from 1991 to 2014, and also served as a director of the Bank during that period.

Her past experience as a Board member of the Company and the Bank, along with her years of prior experience as a banking regulator, provides Ms. Swan with knowledge and expertise directly relevant to the Bank's operations and the regulatory environment in which it operates.