EXHIBIT 10.2
STEELE BANCORP INC
THIRD AMENDMENT TO THE
MIFFLINBURG BANK AND TRUST COMPANY
SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT DATED AUGUST 7, 2009 FOR JEFFREY J. KAPSAR
THIS THIRD AMENDMENT is entered into this _28_ day of August 2026, by and between Central Penn Bank & Trust, formerly Mifflinburg Bank and Trust Company, (the “Bank”) and Jeffrey J. Kapsar (the “Executive”).
WHEREAS, the Bank and the Executive executed a Supplemental Executive Retirement Agreement on August 7, 2009 (as amended, the “Agreement”); and
WHEREAS, the Bank and the Executive now wish to amend the Agreement to increase the Executive’s benefits;
NOW, THEREFORE, the Bank and the Executive amend the Agreement as follows:
Section 2.1.1 of the Agreement shall be replaced by the following:
2.1.1 Amount of Benefit. The annual benefit under this Section 2.1 is One Hundred Fifty-Seven Thousand Dollars ($157,000).
The Schedule A attached to and made part of the Agreement shall be replaced by the Schedule A attached hereto.
…