Kinderhook Bank Corp. Announces Future Departure of Chief Financial Officer
Kinderhook Bank Corp. (OTCQB: NUBK), the parent bank holding company of The National Union Bank of Kinderhook (“Kinderhook Bank”), announced a change in the executive management team. Edward J. Campanella, Senior Vice President and Chief Financial Officer of Kinderhook Bank and the Company, has announced his plans to leave the organization in order to accept a position with a larger financial institution.
The Company and Kinderhook Bank are actively recruiting Mr. Campanella’s replacement. The Boards of Directors of the Company and the Bank have appointed the Company’s and the Bank’s President and Chief Executive Officer, John A. Balli, as interim Chief Financial Officer of both the Company and Kinderhook Bank effective upon Mr. Campanella’s departure. Mr. Balli, a certified public accountant, previously served as the Company’s Treasurer and Kinderhook Bank’s Chief Financial Officer for approximately ten (10) years prior to his appointment as President and Chief Executive Officer. Mr. Balli will serve in these additional capacities until a new Chief Financial Officer is named. The Company anticipates completing its search for a new Chief Financial Officer within the next three (3) months.
President Balli stated, “We are grateful for the fine work of Ed Campanella who served as Chief Financial Officer of the Company and the Bank since 2016. We wish him continued success in his future endeavors”.