Oneida Financial board announces management changes

ONEIDA — The board of directors of Oneida Financial Corp. (NASDAQ: ONFC), and its Oneida Savings Bank unit, announced that it has continued to implement its previously announced management-succession plan. 

Michael R. Kallet, most recently president and CEO of Oneida Financial, will serve as chairman of the board and CEO of both the company and the bank. Eric E. Stickels, current executive vice president and CFO of the company and president and chief operating officer of the bank, will serve as the president and chief operating officer of both the company and the bank. 

In addition, Deresa F. Durkee has been promoted to senior vice president and CFO of both Oneida Financial and Oneida Savings Bank. The management changes were approved at the annual meeting held on May 6. The board of directors also appointed Richard B. Myers as vice chairman and Rodney D. Kent as vice chairman and lead independent director, Oneida Financial said.

“We are pleased to announce these changes to our organizational structure. As the only public company headquartered in Madison County, we have an obligation to our shareholders, the communities we serve and our employees to ensure management stability of an institution that has served Central New York for 148 years.” Kallet said in a news release. “We are very fortunate as a company to have developed the management and technical resources from within our own market area…”

Oneida Financial reported total assets of $785.1 million as of March 31.