Management ChangeOct 22, 2026, 09:11 AM
Plumas Bancorp CFO Richard Belstock Retires; Kelsey Cassinelli Appointed Successor
AI Summary
Plumas Bancorp announced a leadership transition for its Chief Financial Officer role. Richard Belstock will retire as CFO effective January 1, 2027, but will continue with the company as Special Assistant to the President with a reduced schedule and salary. Kelsey Cassinelli has been appointed as the new Executive Vice President, Chief Financial Officer, effective January 1, 2027. Ms. Cassinelli, currently Senior Vice President and Principal Accounting Officer, will receive an annual base salary of $300,000 and will be eligible for incentive and equity compensation plans.
Key Highlights
- Richard Belstock to retire as CFO of Plumas Bancorp effective January 1, 2027, will remain as Special Assistant to the President.
- Kelsey Cassinelli appointed as new Executive Vice President, Chief Financial Officer effective January 1, 2027.
- Ms. Cassinelli's annual base salary will be $300,000, eligible for incentive and equity plans.
- Mr. Belstock's role transition includes a reduced schedule and approximately 50% salary reduction.
- Ms. Cassinelli previously served as Senior Vice President and Principal Accounting Officer.
- Ms. Cassinelli has prior experience at KPMG US LLP from 2016 to 2026.
Price Impact
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