On June 1, 2022 (the “Closing Date”), Vecta Partners LLC (formerly known as Rhodium BA Holdings LLC), (“Vecta Partners”), completed the previously announced acquisition of Sunnyside Bancorp Inc. (the “Company”), pursuant to the Agreement and Plan of Merger, dated as of June 16, 2021, as amended on August 26, 2021 (the “Merger Agreement”), by and among Vecta Partners, Rhodium BA Merger Sub Inc., a Maryland corporation (“Merger Sub”), Mark Silber, the Company, and Sunnyside Federal Savings and Loan Association of Irvington, a federally-chartered savings and loan association and the wholly-owned subsidiary of the Company (“Sunnyside Federal”). Pursuant to the Merger Agreement and subject to the terms and conditions thereof, on the Closing Date, Merger Sub merged with and into the Company (the “Merger”), with the Company continuing as the surviving corporation and a wholly-owned subsidiary of Vecta Partners. In connection with the Merger, each of the following directors of the Company resigned and ceased to be a director of the Company (and corresponding committees as indicated) upon the Effective Time: Timothy D. Sullivan, Gerardina Mirtuono, Deborah J. Elliot (Compensation Committee, Audit Committee), William Boeckelman (Compensation Committee, Audit Committee, Nominating Committee), and Walter Montgomery (Compensation Committee, Audit Committee, Nominating Committee).

Pursuant to the Merger Agreement, upon the Effective Time, the following individuals became directors of the Company: Mark Silber, Robert Geyer, Joseph Mormak, John Leo, and Fredrick Schulman. Mr. Schulman was appointed to serve as Chairman of the Board. Committee members will be appointed pursuant to the committee charters adopted by the Board of Directors.

In connection with the Merger, as of the Effective Time, Timothy D. Sullivan, the President of the Company immediately prior to the Effective Time, resigned and ceased to be an officer of the Company. Upon the Effective Time, Mr. Fredrick Schulman was appointed as President of the Company and Mr. Leo was appointed as Secretary and Treasurer of the Company. Fredrick Schulman has over 35 years of experience as an investment banker, business and real estate principal, and attorney, and has developed substantial expertise in corporate, commercial, and real estate finance.

Mr. Schulman was the former Chairman of the Board for New Bank, a profitable and successful community bank in the New York City marketplace specializing in small business lending solutions. New Bank received the U.S. Small Business Administration's Pinnacle Award, the highest award issued by the Small Business Administration, for the past nine consecutive years. Mr. Schulman is also a Managing Partner of Rhodium Capital Advisors, a New York-based fully integrated real estate investment firm with a primary focus on the preservation, acquisition, and management of affordable housing across the United States.