Oconee Federal Financial Corp. Announces Board and Leadership Transition

June 30, 2026 - 19:41

SENECA, S.C., June 30, 2026 -- Oconee Federal Financial Corp., the holding company for Oconee Federal Savings and Loan Association, has announced a series of leadership changes approved by its boards of directors on June 25. Curtis T. Evatt has been elected as the new Chairman of the Boards for both the company and the bank. Evatt will continue in his roles as Chief Executive Officer of Oconee Federal and as President of the holding company.

The transition comes as part of a broader governance update for the financial institution, which trades on the OTCQX under the symbol OFED. Evatt's elevation to the chairman position consolidates leadership at the top of both entities, signaling a focus on continuity and strategic direction. He has been with Oconee Federal for a number of years, overseeing operations and guiding the community bank's growth in the Upstate South Carolina region.

No further details were provided regarding the previous board leadership or any other personnel changes. The company did not issue any forward-looking statements or financial projections alongside the announcement. Oconee Federal Savings and Loan Association operates several branches in the area, primarily serving local depositors and mortgage customers.