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May 27, 2015 11:59 AM ET


Company Overview of Bank of Georgetown

Company Overview

Bank of Georgetown, a community bank, provides various commercial banking products and services. It offers various business banking products and services that include checking and savings accounts; and loans products, including lines of credit, term loans, letters of credit, real estate mortgages, and residential and commercial construction financing products. The company’s business banking products and services also comprise cash management services comprising payments and disbursements, which include zero balance accounts, merchant cards, business debit and credit cards, online banking, and cash manager services; liquidity services for sweep investment account, foreign currency exchange, a...

1115 30th Street NW

Washington, DC 20007

United States

Founded in 2005





Key Executives for Bank of Georgetown

Co-Founder, Chairman, Chief Executive Officer and President
Age: 57
Chief Financial Officer, Chief Operating Officer and Executive Vice President
Age: 65
Chief Technology Officer, Chief Information Officer and Senior Vice President
Vice President and Director of Human Resources
Chief Credit Officer and Executive Vice President
Compensation as of Fiscal Year 2014.

Bank of Georgetown Key Developments

Bank of Georgetown Reports Earnings Results for the First Quarter Ended March 31, 2015

Bank of Georgetown reported earnings results for the first quarter ended March 31, 2015. The company reported net income of $2.3 million for the three months ended March 31, 2015, a 52% increase over the income for the three months ended March 31, 2014. For the first quarter of 2015, Bank of Georgetown’s return on assets increased to 0.85% and return on equity grew to 7.91%, compared to 0.64% and 5.63%, respectively for the first quarter of 2014.

Bank of Georgetown Announces Executive Promotions

Bank of Georgetown announced three promotions: Lori Childers is promoted to senior vice president, consumer residential lending. She joined the Bank at its founding in 2005 as vice president, consumer residential lending. Michelle 'Mickie' Riley Levenson is promoted to senior vice president, commercial lending. Levenson, who joined Bank of Georgetown in 2010. Josh Phillipsis promoted to senior vice president, commercial lending. Phillips joined the Bank at its founding in 2005 as vice president, commercial lending.

Bank of Georgetown Promotes Jeff Hedderly to Executive Vice President

Bank of Georgetown has promoted Jeff Hedderly to executive vice president. He remains chief credit officer and will continue to oversee credit underwriting, loan and credit administration, compliance and risk management. Hedderly joined Bank of Georgetown at its founding in 2005 as senior vice president, chief credit officer. He started the Bank’s credit and loan administration group, established loan policies and procedures and implemented systems of credit analysis and loan quality assurance. Under Hedderly’s leadership, Bank of Georgetown has maintained pristine credit. With over 20 years of experience at top-tier local and regional banks, Hedderly has provided superior banking and lending solutions to clients throughout Greater Washington.

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