County First Bank is Now Community Bank of the Chesapeake
Waldorf, Maryland, January 10, 2018– Community Bank of the Chesapeake is excited to announce that County First Bank officially became part of Community Bank of the Chesapeake on January 2, 2018. The merging of County First Bank into, and with Community Bank of the Chesapeake puts the Bank in an even better position to deliver exceptional products and services that exceed the expectations of our customers in the Southern Maryland community.
“We are very excited that our partnership with County First Bank has come to fruition,” stated William J. Pasenelli, Chief Executive Officer of Community Bank of the Chesapeake. “We welcome County First’s customers, shareholders and employees to the Community Bank family. The strength of our combined presence enables us to better serve the Southern Maryland market.”
By joining forces, we can reach more people and businesses with creative solutions to grow financially stronger. The two banks will continue to operate business as usual through May 4, 2018. During the weekend of May 4, 2018, the two banks will consolidate operations and branch signage will be updated to reflect the Community Bank of the Chesapeake name, where applicable.
“We are pleased to officially welcome and join forces with County First Bank and appreciate their exceptional support during this transition,” said James M. Burke, President, Chief Risk Officer of Community Bank of the Chesapeake. “With the coming together of our two banks, we look forward to helping our communities grow financially stronger.”
Headquartered in Waldorf, Maryland, Community Bank of the Chesapeake is a full-service commercial bank, with assets over $1.6 billion. Through its 11 banking centers and five dedicated commercial lending centers, Community Bank of the Chesapeake offers a broad range of financial products and services to individuals and businesses. Community Bank of the Chesapeake is a wholly owned subsidiary of The Community Financial Corporation (NASDAQ: TCFC). More information about Community Bank of the Chesapeake can be found at www.cbtc.com.