Waldorf, Maryland, March 13, 2013 – Community Bank of Tri-County announced today that James M. Burke, Executive Vice President and Chief Credit Officer, has been named Chief Risk Officer. In this position, Jimmy will be responsible for the oversight of the risk management process for the bank and is the executive liaison to the Board of Directors’ Enterprise Risk Management Committee.
"Jimmy has been an integral part of our Executive Management team for several years," said Michael Middleton, Chairman and Chief Executive Officer of Community Bank of Tri-County. "Jimmy brings to his new role a disciplined approach to risk management that speaks to the depth of his experience and his accomplishments."
In his expanded role as Chief Risk Officer, Mr. Burke will be responsible for all risk management efforts, including identifying, assessing and prioritizing risks, as well as developing processes to measure, report and manage such issues. In addition, Mr. Burke will continue to be responsible for the overall credit quality of the Bank's loan portfolio.
"We created the Enterprise Risk Management Committee to reinforce our commitment to the strategic growth of our organization that enables long-term success'" said Bill Pasenelli, Community Bank of Tri-County President."Jimmy is a natural fit to lead this team and be a risk management resource for our Directors."
Community Bank of Tri-County is the oldest independent financial institution headquartered in Southern Maryland with eleven branches. Community Bank of Tri-County branches are conveniently located throughout Calvert, Charles and St. Mary's counties in Maryland and in King George, Virginia.