Bay Bank Appoints Edward Schneider Executive Vice President, Chief Financial
LUTHERVILLE, Md., May 15, 2013 (GLOBE NEWSWIRE) -- Bay Bank solidified its
executive management team by announcing the appointment of Edward Schneider as
Executive Vice President, Chief Financial Officer. In this role, Schneider
will provide strategic growth planning and operational direction, as well as
manage the fiscal operations and functions of the Bank's Accounting & Finance
During his 27-year financial industry career, Schneider has held positions as
Corporate Controller at First Fidelity Bancorporation, Head of Corporate
Regulatory Compliance at Citigroup, Controller and Chief Accounting Officer at
CitiFinancial and most recently, Chief Financial Officer & Treasurer at
Annapolis Bancorp (BankAnnapolis). He was instrumental in the completion of
the April 2013 sale of BankAnnapolis to First National Bank of Hermitage,
"I am pleased to welcome Ed to Bay Bank and our executive management team. He
brings a wealth of financial industry experience and a keen knowledge and
understanding of mergers and acquisitions," said Kevin B. Cashen, President
and Chief Executive Officer. "As we expand our market presence, Ed's fiduciary
skills and proven track record will be an asset for our strategic growth
initiatives," continued Cashen.
Schneider received his Bachelor of Science degree from Allegheny College and
his MBA from Rutgers University. He resides in Lutherville, MD with his wife.
About Bay Bank/Carrollton Bancorp
Bay Bank, FSB is headquartered in Lutherville, Maryland and is focused on
providing superior customer service to the local communities in our market.
Bay Bank serves the community with a network of 12 branches strategically
located throughout the region. Bay Bank serves local consumers, small and
medium size businesses, professionals and other valued customers by offering a
broad suite of products and services, including on-line services, commercial
banking, cash management, mortgage lending, retail banking and wealth
management. A community oriented bank, at March 31, 2013 (pre-merger), it had
total assets of $130 million. As of the merger, the combined bank has total
assets of approximately $480 million. Carrollton Bancorp is the parent company
for Bay Bank, FSB. Carrollton Bancorp's common stock is listed on the NASDAQ
Capital Market under the ticker symbol "CRRB". Investor information is
available on Bay Bank's website at www.baybankmd.com.
CONTACT: Kevin B. Cashen, President & CEO
Bay Bank, FSB
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