December 15, 2017 5:31 PM ET


Company Overview of Community Bank of the Chesapeake

Company Overview

Community Bank of the Chesapeake offers financial products and services to individuals and businesses. It offers business banking products and services, including business checking accounts, business savings accounts, money market index accounts, certificates of deposit, certificate of deposit account registry service commercial savings, and business online banking services; commercial services; debit and credit cards; business loans and lines, which include acquisition and development loans, builders lines of credit, commercial real estate loans, short-term demand loans, commercial installment loans, and business lines of credit; and additional services, such as investment and insurance adv...

3035 Leonardtown Road

P.O. Box 38

Waldorf, MD 20601

United States

Founded in 1950





Key Executives for Community Bank of the Chesapeake

Vice Chairman, CEO, CEO of The Community Financial Corp & President of The Community Financial Corp
Age: 58
President, Chief Risk Officer and Director
Age: 49
CFO, Executive VP and CFO of the Community Financial Corporation
Age: 50
Chief Operating Officer, Executive Vice President and Director
Chief Administrative Officer and EVP
Age: 40
Compensation as of Fiscal Year 2017.

Community Bank of the Chesapeake Key Developments

The Community Financial Corporation and Community Bank of the Chesapeake Announces Resignation of Eric Goldberg as Director

On November 6, 2017, Eric Goldberg notified The Community Financial Corporation that he is resigning from his position as a director of the Company and the Company's wholly-owned subsidiary, Community Bank of the Chesapeake, effective November 6, 2017. Mr. Goldberg indicated that his resignation reflects a desire to focus his attention on other professional commitments and does not reflect any disagreement with the company or the Bank on any matter relating to the company's or the Bank's operations, policies or practices. Mr. Goldberg was originally nominated for election to the company's and the Bank's boards of directors pursuant to an agreement dated March 25, 2016, between the company and Basswood Capital Management, L.L.C. a Delaware limited liability company, as a representative of certain related funds and managed accounts. Basswood Capital owns approximately 9.8% of the outstanding shares of the company's common stock. The Agreement provided that the company nominate Eric Goldberg, a Basswood Capital nominee, for election as a director of the Company at the company's 2016 Annual Meeting, to be placed in the class of directors with a term ending at the company's 2017 Annual Meeting of Stockholders. The company further agreed to solicit proxies for the election of Mr. Goldberg as a director to the same extent as for the election or re-election of any other company nominee for election to the company's Board of Directors at the 2016 Annual Meeting.

Community Bank of the Chesapeake Announces Executive Promotions

Community Bank of the Chesapeake announced two recent promotions to the Management Team. Bonnie Barrett, Branch Market Manager for Calvert County has been promoted to Vice President along with Diane Hicks, as Vice President and Director of Marketing. As Vice President and Market Manager, she is responsible for developing new business in the Calvert County market as well as ensuring the needs of the Bank’s current customers are met. As Vice President and Director of Marketing, Diane Hicks oversees the strategic marketing initiatives, media and advertising efforts, community relations and marketing development to help the Bank grow and prosper.

Community Bank of the Chesapeake Announces Kathleen Roscoe Joins the Bank as Business Development Officer for the Fredericksburg, Virginia Market

Community Bank of the Chesapeake announced Kathleen Roscoe has joined the Bank as Business Development Officer for the Fredericksburg, Virginia market. In this position, Ms. Roscoe will be responsible for developing a rapport with local area businesses and providing innovative solutions to achieve financial success. She will on board new clients as well as work with existing customers to increase their utilization of bank-offered products and services. Ms. Roscoe joins Community Bank with over 14 years of Financial Industry experience. She most recently worked for Navy Federal Credit Union in Fredericksburg, VA, as a Member Services Representative, where she was responsible for ensuring all members attain financial success.

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