Page 5 A. Park Capital Management, LLC Park Capital Management, LLC (”Park Capital” and or “the firm”) is a Wisconsin limited liability company and an SEC-registered investment adviser which began its business in July 2012. Park Capital makes investment consulting and investment management services available to a wide variety of clients. Park Capital is owned by Clint Bauch (31.75%), The Park Bank, Inc. (31.75%), Hausmann Group (31.75%), and John Friar (4.75%). B. Description of Advisory Services Offered Park Capital offers investment consulting and investment management services to a wide variety of clients including, but not limited to, individuals, pension and profit sharing plans, trusts, estates, charitable organizations, corporations, and other business entities. B.1. Consulting Services In completing a financial plan or other consulting project, regardless of the complexity, Representatives will: ▪ Interview the client, analyze the client’s financial needs and assist the client in developing realistic goals and objectives based on information provided by the client. The Representative may also clarify planning problems and outline strategies designed to meet the client’s goals. A client may retain Park Capital to perform a single nonrecurring project, such as investment research or specific investment advice, retirement planning or insurance analysis, or a comprehensive plan covering these and other subjects. A client may also engage a Representative for projects that may require annual or more frequent reviews if more complex long-term planning is needed. ▪ Prepare an initial written project or comprehensive plan in the scope requested by a client based on the information gathered during the client interview and needs evaluation. This plan may include establishing a clear set of objectives, an outline of resources, a written investment policy statement, an asset allocation model, strategy recommendations, retirement, estate, education, or insurance planning, product recommendations, and steps to take for implementing advice provided. ▪ Help the client implement the plan, including purchasing and/or selling securities and/or insurance products. ▪ Review the plan periodically in the scope and frequency agreed upon with the client. The Representative may also, as needed, recommend changes to the client’s investment portfolio or Plan, either in writing or verbally. Changes in the client’s financial condition, personal circumstances, goals, or general economic conditions may trigger changes in the plan. To the extent material changes have occurred to a client’s circumstances or goals, or to the extent a client requests a new project, the client will be asked to sign a new services agreement. The Page 6 client may initiate contact with the client’s Representative as often as needed and the Representative will schedule conferences as needed, usually no less than annually. All investment consulting is based on information provided by the client. It is the client’s responsibility to be certain Park Capital has current and accurate information for the initial plan and it is the client’s responsibility to inform the Representative of material changes affecting the investments and planning strategies implemented. B.2. Investment Management Services Park Capital offers clients portfolio management and reporting services by means of its Investment Management Services program. Through the program, clients receive investment analysis, allocation recommendations, monthly or quarterly statements reflecting holdings and transactions, quarterly statements, and ongoing account monitoring services for a portfolio which may include stocks, bonds, mutual funds, exchange-traded funds, and convertible securities. Park Capital will exercise discretionary trading authority while providing services. This means that Park Capital Representatives will have authority to purchase and sell securities of their choice in the amounts and at the times

they believe it is suitable for a client’s account to do so. Park Capital may also recommend the use of third-party investment managers to manage all, or a portion of the assets. Such managers will also have limited discretionary trading authority. Park Capital also offers non-discretionary investment advice, in which Park Capital makes investment recommendations to clients and clients decide whether to implement the recommendation. The initial asset allocation recommendations are based on the financial information gathered from each client including net worth, risk tolerance, financial goals and objectives, investment restrictions and overall financial conditions. Based on this information, the client is provided with investment recommendations designed to provide an appropriate asset mix consistent with the client’s objectives. The frequency of these reviews is determined by the Representative. Park Capital Representatives meet with the client on an as needed basis to discuss the portfolio and other aspects of the service. Clients should be aware that commissions will be charged for transactions by the brokerage firm processing the transactions. As a general rule, Park Capital believes that investing is best suited to those who believe in a long-term buy-and-hold policy. Therefore, clients should not expect frequent investment changes in the portfolio. However, as a result of monitoring the account, investment purchases and sales will be made. Investments are not held by Park Capital. Instead, all investments managed by Park Capital are usually held at the brokerage firm ("Custodian") through which transactions are placed. Park Capital does not assure or guarantee the results of its Investment Management Services; thus, losses can occur from following Park Capital advice pertaining to any investment or investment approach, including using conservative investment strategies. For its discretionary asset management services, Park Capital receives a limited power of attorney to effect securities transactions on behalf of its clients that include securities and strategies described in Item 8 of this brochure. Page 7 In addition to providing Park Capital with information regarding their personal financial circumstances, investment objectives and tolerance for risk, clients have the right to provide the firm with any reasonable investment restrictions that should be imposed on the management of their portfolio, and to promptly notify the firm in writing of any changes in such restrictions or in the client's personal financial circumstances, investment objectives, goals and tolerance for risk. Park Capital will also contact clients at least annually to determine whether there have been any changes in a client's personal financial circumstances, investment objectives and tolerance for risk. B.3. 401(k) Consulting Services Park Capital offers 401(k) consulting services, which include the following: ▪ 3(21) and 3(38) Fiduciary Services
• Investment Selection
• Investment Option Replacement
• Ongoing investment monitoring
• QDIA selection assistance ▪ Investment Policy creation assistance ▪ Service Provider Liaison (Record-Keeper & Third Party Administrator) ▪ Participant Education
• Group & Individual ▪ Benchmarking Services (Utilizing RPAG) C. Client-Tailored Services and Client-Imposed Restrictions Each client’s account will be managed on the basis of the client’s financial situation and investment objectives and in accordance with any reasonable restrictions imposed by the client on the management of the account—for example, restricting the type or amount of security to be purchased in the portfolio. D. Wrap Fee Programs Park Capital does not participate in wrap fee programs. (Wrap fee programs offer services for one all-inclusive fee.) E. Client Assets Under Management As of December 31, 2023, Park Capital managed $368,126,216 of discretionary assets and $8,964,701 of non-discretionary assets.