On January 22, 2026, H. Charles Maddy, III announced his retirement as President of Burke & Herbert Financial Services Corp. effective June 30, 2026, after which Roy E. Halyama is expected to become the new President. Additionally, a new incentive plan was approved, with targets for executive officers including David P. Boyle (80% short-term, 120% long-term) and Roy E. Halyama (70% short-term, 90% long-term).