Quaint Oak Taps Its Bank Compliance Chair Ray Greenberg for Holding Company Board and Audit Seat

Ray S. Greenberg, a certified financial planner who has sat on the subsidiary bank’s board since 2016, joins the parent’s audit committee months after regulators closed out the bank’s Bank Secrecy Act consent orders.

September 11, 2026

Quaint Oak Bancorp has moved a longtime bank-level director onto its holding company board and placed him directly on the audit committee, handing governance responsibility at the parent level to the same person who chairs compliance oversight at its subsidiary bank.

The Southampton, Pennsylvania company said its board appointed Ray S. Greenberg as a director on September 9, 2026, effective the same day. His initial term runs through the 2029 annual meeting of shareholders, and his audit committee seat took effect on the same date.

A decade inside the organization

Greenberg is not a new face at the company. He has served on the board of Quaint Oak Bank, the wholly owned subsidiary, since 2016, and he sat on the holding company’s advisory board from May 2017 through this month. At the bank level he chairs three standing committees:

• the directors’ compliance oversight committee;
• the loan committee;
• the pandemic committee.

Why the compliance seat matters

That portfolio is what gives the appointment its weight. Quaint Oak Bank spent much of the past year working through consent orders issued in May 2025 by the FDIC and the Pennsylvania Department of Banking and Securities over its Bank Secrecy Act compliance program. Both regulators terminated those orders on March 30, 2026. Moving the director who chairs bank-level compliance oversight onto the parent’s audit committee extends that oversight line upward.

A financial planner in the audit seat

Greenberg’s own background sits in retail financial advice rather than in banking. He owns Financial Expertise, a sole proprietorship based in Feasterville, Pennsylvania, through which he provides financial planning and related services to individuals and small business owners. He has held the Certified Financial Planner designation since 1990, and has taken leadership roles in the Feasterville and Southampton business associations.

The company reported no arrangements or understandings with any other person under which Greenberg was selected, no family relationships with any director or executive officer of the company or the bank, and no related-party transactions requiring disclosure.