On February 1, 2023, TC Bancshares, Inc. (the "Company") announced that Linda K. Palmer, Executive Vice President and Chief Financial Officer, will step down from the Chief Financial Officer position on May 18, 2023. Scott McLean, previously the Executive Vice President and Chief Financial Officer of Union Bank, will join the Company on February 1, 2023, and is expected to assume the role of Chief Financial Officer upon Mrs. Palmer's retirement on May 18, 2023. Scott McLean has served as the Chief Financial Officer for three other community banking institutions prior to joining TCF.

Most recently, he served as the Chief Financial Officer of Union Bank from March of 2018 through its merger with FNB Corporation in December 2022. In addition, Mr. McLean was a commissioned bank examiner with the Federal Reserve system and is a certified public accountant.