Auburn National Bancorp. in Auburn, Ala., has lined up a new CEO.
The $1 billion-asset company said in a press release Tuesday that David Hedges will also succeed Bob Dumas as president on Jan. 1. Dumas will remain Auburn National’s chairman.
Hedges, the company’s chief financial officer, will also join the board.
James Walker, Auburn National’s chief accounting officer, will succeed Hedges as CFO.
Dumas has been the president and CEO of the company since 2017 and its bank since 2001. He became chairman in 2020.
Hedges, who joined Auburn National in 2006, has been CFO since 2015.
“Today’s announcement is the culmination of the board’s and Bob’s well-planned and thorough process to provide experienced leadership and our continued success,” Anne May, the company’s lead independent director, said in the release.
“We thank Bob for his many contributions over nearly four decades of service to the company,” May added. “His leadership and commitment to our customers, communities, employees and shareholders have been instrumental in building AuburnBank into the institution it is today.”