In connection with Linda Palmer's previously announced retirement, on May 18, 2023, the Board of Directors of TC Bancshares, Inc. (the “Company”) appointed Scott “Mac” McLean as Chief Financial Officer and assistant secretary of the Company and TC Federal Bank. Prior to joining the Company, Mr. McLean, age 59, previously served as the Executive Vice President and Chief Financial Officer of Union Bank from March 2018 through its merger with FNB Corporation in December 2022. From October 2012 to March 2018, Mr. McLean served as the Executive Vice President and Chief Financial Officer of First South Bank.

In addition, Mr. McLean was a commissioned bank examiner with the Federal Reserve system and is a certified public accountant. Mr. McLean does not have a family relationship with any director or executive officer of the Company or person nominated or chosen by the Company to become a director or executive officer, and there are no arrangements or understandings between Mr. McLean and any other person pursuant to which Mr. McLean was selected to serve as Chief Financial Officer of the Company.