Auburn National Bancorporation, Inc. and its wholly owned subsidiary, AuburnBank, announced that Robert W. Dumas had determined to retire on December 31, 2022 as President and Chief Executive Officer of the Company and the Bank. Mr. Dumas will continue as Chairman and a director of the Company and the Bank, and will continue to serve on their respective Boards of Directors’ committees where he is a member as of November 8, 2022. At the same time, the Company also announced its management succession.

Mr. David A Hedges, the Company’s and the Bank’s Executive Vice President and Chief Financial Officer was elected President and Chief Executive Officer of the Company and the Bank to succeed Mr. Dumas effective January 1, 2023. Mr. Hedges also was elected a director of the Company and the Bank, effective on November 8, 2022, and was appointed to a number of their boards’ committees. W. James Walker IV, the Company’s and the Bank’s Senior Vice President and Chief Accounting Officer, was elected Senior Vice President and Chief Financial Officer (“CFO”) of the Company and the Bank to succeed Mr. Hedges as CFO and principal financial officer effective January 1, 2023.

Mr. Walker will continue as the principal accounting officer.