Bank of Oak Ridge Appoints Paul Fedorkowicz to Board of Directors

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Oak Ridge Financial Services (OTCPink: BKOR), parent of Bank of Oak Ridge, has appointed Paul Fedorkowicz to its Board of Directors. Fedorkowicz has over 30 years of executive leadership experience in public accounting, finance, audit, corporate governance, and business operations.

He is a retired Partner of Cherry Bekaert, where he served in senior roles including Audit Partner, Partner in Charge, and Partner and Chief Administrative Officer, and previously worked as a Senior Manager at KPMG. According to the company, his appointment supports its focus on responsible leadership, sustainable growth, and strong governance as it serves individuals, businesses, and nonprofits in its North Carolina communities.

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OAK RIDGE, N.C., July 24, 2026 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), has appointed Paul Fedorkowicz to its Board of Directors. Mr. Fedorkowicz brings more than 30 years of executive leadership experience in public accounting, finance, audit, corporate governance, and business operations.

Mr. Fedorkowicz is a retired Partner of Cherry Bekaert LLP, where he held several senior leadership roles throughout his distinguished career, including Audit Partner, Partner in Charge, and Partner and Chief Administrative Officer before retiring in 2020. Prior to joining Cherry Bekaert, he served as a Senior Manager with KPMG. Throughout his career, Mr. Fedorkowicz advised organizations on complex financial matters, operational strategy, and effective organizational practices.

“Paul brings a wealth of financial expertise and executive leadership that will strengthen our Board and complement the experience of our current directors,” said Tom Wayne, CEO and Chair of the Board of Directors at Bank of Oak Ridge. “His background in finance, governance, and organizational strategy will provide valuable insight as we continue advancing our vision and serving the individuals, businesses, and nonprofit organizations that make our communities strong.”

Mr. Fedorkowicz’s appointment reflects Bank of Oak Ridge’s ongoing commitment to responsible leadership and a strong foundation for the future. His experience will further enhance the Board’s collective perspective as the Company continues to pursue sustainable growth, make thoughtful decisions, and deliver exceptional service to the clients and communities it serves.

About Oak Ridge Financial Services, Inc.
As the Triad’s employee-owned community bank, Bank of Oak Ridge delivers Spectacularly Local banking with a personal touch. Rooted in our community, we live by our promise: You Matter Here. Our decision-makers are local, we know you by name, and we provide personalized, 5-star service tailored to your unique needs. Alongside this commitment, we offer modern tools and technology that make banking easy, safe, and convenient. Whether you’re seeking a new banking partner or expanding your financial relationships, switching to Bank of Oak Ridge is simple and seamless. Connect with us at (336) 644-9944, online at BankofOakRidge.com, or by visiting one of our convenient locations in Greensboro, High Point, Oak Ridge and Summerfield.

Contact: Skylar Mearing, Director of Marketing
Phone: 336-662-4840

FAQ

Who was appointed to the Oak Ridge Financial Services (OTCPink: BKOR) Board of Directors in July 2026?

Oak Ridge Financial Services appointed Paul Fedorkowicz to its Board of Directors. According to the company, he brings more than 30 years of experience in public accounting, finance, audit, corporate governance, and business operations, enhancing the Board’s financial and strategic expertise.

What is Paul Fedorkowicz’s professional background before joining the BKOR board?

Paul Fedorkowicz is a retired Partner of Cherry Bekaert, where he held senior roles including Audit Partner, Partner in Charge, and Chief Administrative Officer. According to the company, he also previously served as a Senior Manager at KPMG, advising organizations on complex financial and operational matters.

Why did Bank of Oak Ridge’s parent company BKOR add Paul Fedorkowicz to its board?

The company added Paul Fedorkowicz to strengthen its Board with deep financial and governance expertise. According to Oak Ridge, his background in finance, governance, and organizational strategy is expected to support sustainable growth, thoughtful decision-making, and service to clients and communities.

How might Paul Fedorkowicz’s appointment impact Oak Ridge Financial Services (BKOR) governance?

His appointment is intended to enhance the Board’s collective perspective on finance, audit, and governance. According to the company, Fedorkowicz’s experience supports its commitment to responsible leadership, a strong foundation for the future, and continued focus on sustainable growth and organizational effectiveness.

What roles did Paul Fedorkowicz hold at Cherry Bekaert before joining BKOR’s board?

At Cherry Bekaert, Paul Fedorkowicz served as Audit Partner, Partner in Charge, and Partner and Chief Administrative Officer. According to the company, these senior leadership roles reflect extensive experience in managing audit practices, corporate governance, and firm-wide administrative and operational functions.

What strategic priorities does BKOR link to Paul Fedorkowicz’s board appointment?

Oak Ridge connects his appointment to priorities of sustainable growth, responsible leadership, and strong governance. According to the company, his expertise should help support thoughtful decisions while Bank of Oak Ridge continues serving individuals, businesses, and nonprofit organizations across its North Carolina communities.