WALDORF, Md., Dec. 23, 2020 (Globe NEWSWIRE) — The Community Financial Corporation (NASDAQ:TCFC) (the “Corporation”), the holding business for Local community Financial institution of the Chesapeake, (the “Financial institution”) declared that on December 17, 2020 the Board of Administrators appointed Michael B. Adams, James M. Burke, Gregory C. Cockerham and James F. Di Misa to the Firm’s Board of Administrators, powerful January 1, 2021.
Michael B. Adams is the President of JON Qualities, LLC, a full assistance commercial true estate business in Fredericksburg, Virginia. JON Attributes has received numerous awards, especially for its perform on Historic Renovation and tax credit jobs in the Fredericksburg, Virginia area. Prior to starting off JON Qualities, Mr. Adams worked at Website Devices, Inc., a supplier in tough terrain forklifts. Mr. Adams served as President of Website Products, Inc. from 1995 – 2006. Mr. Adams serves, or has served, on various boards of neighborhood organizations. These involve the Fredericksburg Rotary Club, the Cal Ripken, Sr. Foundation, the Fredericksburg Place Museum, the Central Virginia Housing Coalition, Loisann’s Hope Dwelling and the Germanna Community Faculty Training Foundation. Mr. Adams is also a member of the Fredericksburg Builders Association, the National Association of Residence Builders, the Fredericksburg Realtors Association and the National Realtors Association. Mr. Adams attended Prince George’s Group Higher education and the University of Maryland where he examined Business enterprise Management. Mr. Adams retains a Course A Typical Contractors License and is a accredited real estate agent in the point out of Virginia. Mr. Adams will serve on the Board Threat Oversight Committee and Audit Committee of the Firm’s Board of Administrators.
James M. Burke joined the Lender in 2005. He serves as Govt Vice President of the Business and as President of the Bank. Ahead of his appointment as President of the Lender in 2016, he served as Executive Vice President and Main Danger Officer. Just before becoming a member of the Lender, Mr. Burke was Government Vice President and Senior Loan Officer at Mercantile Southern Maryland Lender. Mr. Burke has over 20 many years of banking experience. Mr. Burke serves as Chairman of the Board for St. Mary’s Ryken High Faculty and Trustee for Historic Sotterley Plantation. He is the former Chairman of the Board of Administrators of College of Maryland Charles Regional Clinical Heart and former Board member for the ARC of Southern Maryland. Mr. Burke is a Maryland Banking University graduate and holds a Bachelor of Arts from Significant Level College. He is also a graduate of the East Carolina Advanced Faculty of Commercial Lending. Mr. Burke has served on the Board of Directors of the Bank since 2016.
Gregory C. Cockerham joined the Bank in 1988. Just before Mr. Cockerham’s retirement as an worker of the Lender on December 31, 2019, he served as Govt Vice President and Main Lending Officer. Right before signing up for the Lender, he was a Vice President at Maryland Countrywide Lender. Mr. Cockerham has more than 40 several years of banking experience. Mr. Cockerham serves as Emeritus and Earlier Chair of the Board of Directors for the Faculty of Southern Maryland Foundation and Finance Chair of the Potomac Baptist Association. He is Past Chair of Maryland Title Heart, former President of the Rotary Foundation Board of Charles County, and Previous Chair of the Charles County Board of Education CRD System. Mr. Cockerham is a Maryland Banking College graduate and holds a Bachelor of Science from West Virginia College. Mr. Cockerham has served on the Board of Administrators of the Bank since 2016. Mr. Cockerham will serve on the Board Chance Oversight Committee of the Company’s Board of Administrators. He also serves on the Financial institution Board’s Credit Chance Committee.
James F. Di Misa joined the Lender in 2005. Right before Mr. Di Misa’s retirement as a Lender worker on March 31, 2019, he served as Executive Vice President and Main Running Officer. Right before signing up for the Lender, Mr. Di Misa served as Govt Vice President of Mercantile Southern Maryland Bank. Mr. Di Misa has in excess of 30 yrs of banking experience. Mr. Di Misa served on the Board of Trustees of the Faculty of Southern Maryland. He is previous Chairman of the Board of Trustees for the Maryland Banking University, Earlier Chair of the Charles County Rotary Scholarships Method, Previous President of the Charles County Rotary Club, former Governor Appointment to the Tri-County Work Pressure Investment Board, and Earlier President and Founder of the La Plata Enterprise Association. Mr. Di Misa is a Stonier Graduate School of Banking graduate and retains a Grasp of Business enterprise Administration from Mount St. Mary’s University and a Bachelor of Science from George Mason University. Mr. Di Misa has served on the Board of Directors of the Lender because 2016. He will provide on the Board Possibility Oversight Committee of the Firm’s Board of Directors. Mr. Di Misa now serves as Chairman of the Bank Board’s Credit score Hazard Committee.
“We are pleased to have Mr. Adams sign up for the Board of Directors. Mr. Adams is a effectively-respected and acknowledged organization chief in the Fredericksburg location. As the Bank proceeds to expand in this current market, his company acumen and encounter in the Fredericksburg group will participate in an essential function in the Firm’s strategic efforts and enlargement,” explained Austin J. Slater, Jr., Chairman of the Board of the Business and the Financial institution.
“Messrs. Burke, Cockerham and Di Misa have extensive been leaders at the Bank and Company. Just about every of them have designed tremendous contributions to the achievements of the organization. While Mr. Di Misa and Mr. Cockerham have retired as employees from the Bank, their continued management and steerage as a result of their appointment to the Board of Directors of the Firm will further push the firm ahead. Serving as President of Neighborhood Lender of the Chesapeake, Mr. Burke’s appointment to the Holding Firm Board is critical in our ongoing accomplishment. We are honored to have every of these people be a part of the Board,” explained William J. Pasenelli, Main Govt Officer of the Business and the Bank.
About The Community Economic Company – Headquartered in Waldorf, MD, The Community Money Company is the lender keeping firm for Group Bank of the Chesapeake, a whole-support business lender with property of roughly $2.1 billion. By means of its branch workplaces and professional lending centers, Group Lender of the Chesapeake presents a wide selection of financial products and services to people today and organizations. The Company’s banking facilities are located at its major business in Waldorf, Maryland, and branch places of work in Waldorf, Bryans Road, Dunkirk, Leonardtown, La Plata, Charlotte Corridor, Prince Frederick, Lusby and California, Maryland and downtown Fredericksburg, Virginia. More data about Group Financial institution of the Chesapeake can be observed at www.cbtc.com.
Ahead-searching Statements – This information release contains forward-seeking statements inside the indicating of the federal securities legislation. Ahead-seeking statements can typically be determined by the fact that they do not relate strictly to historic or recent specifics. They normally include things like phrases like “consider,” “anticipate,” “anticipate,” “estimate” and “intend” or long run or conditional verbs these types of as “will,” “would,” “should,” “could” or “may well.” Statements in this launch that are not strictly historic are ahead-looking and are centered on present-day anticipations that could vary materially from true benefits. These forward-looking statements involve, with no limitation, those people relating to the Firm’s and Group Bank of the Chesapeake’s foreseeable future progress and management’s outlook or expectations for income, assets, asset top quality, profitability, business prospective buyers, web desire margin, non-desire income, allowance for financial loan losses, the degree of credit history losses from lending, liquidity ranges, cash ranges, or other long run money or business enterprise overall performance techniques or anticipations, and any statements of the ideas and goals of administration for potential functions products and solutions or solutions, together with the anticipated advantages from, and/or the execution of integration plans relating to any acquisition we have enterprise or that we undertake in the potential plans and expense financial savings about branch closings or consolidation any assertion of expectation or perception projections linked to particular fiscal metrics and any statement of assumptions underlying the foregoing. These ahead-seeking statements convey management’s present-day expectations or forecasts of future gatherings, results and conditions, and by their nature are topic to and entail risks and uncertainties that could bring about actual success to vary materially from those people predicted by the statements designed herein. Factors that may possibly cause precise effects to differ materially from these created in such statements contain, but are not constrained to: threats, uncertainties and other factors relating to the COVID-19 pandemic (together with the duration of time that the pandemic proceeds, the potential of states and community governments to efficiently apply the lifting of restrictions on movement and the possible imposition of additional constraints on motion and travel in the potential, the outcome of the pandemic on the general economic climate and on the firms of our debtors and their potential to make payments on their obligations the remedial actions and stimulus steps adopted by federal, state and community governments, and the lack of ability of workforce to perform because of to disease, quarantine, or federal government mandates) the synergies and other anticipated economical advantages from any acquisition that we have carried out or might undertake in the long run, which may perhaps not be recognized within just the predicted time frames variations in The Neighborhood Financial Corporation or Neighborhood Lender of the Chesapeake’s tactic, expenses or difficulties relevant to integration matters which might be greater than expected availability of and fees related with getting satisfactory and well timed resources of liquidity the capability to manage credit score high quality typical financial tendencies variations in curiosity charges loss of deposits and bank loan desire to other economical institutions significant adjustments in monetary markets adjustments in true estate price and the true estate current market regulatory alterations the effect of govt shutdowns or sequestration the possibility of unexpected functions affecting the field typically the uncertainties connected with newly created or acquired functions the outcome of pending or threatened litigation, or of issues prior to regulatory agencies, no matter whether at present existing or commencing in the potential current market disruptions and other outcomes of terrorist things to do and the issues described in “Item 1A Chance Factors” in the Firm’s Once-a-year Report on Type 10-K for the Calendar year Ended December 31, 2019 and its Quarterly Report on Kind 10-Q for the Time period Ended September 30, 2020, and in its other Experiences filed with the Securities and Exchange Commission (the “SEC”). The Company’s ahead-on the lookout statements might also be topic to other challenges and uncertainties, including all those that it may perhaps examine somewhere else in this news launch or in its filings with the SEC, available on the SEC’s Internet internet site at www.sec.gov. The Corporation undertakes no obligation to update these forward-on the lookout statements to reflect events or instances soon after the date hereof or to reflect the incidence of unexpected gatherings, apart from as necessary beneath the regulations and regulations of the SEC.
William J. Pasenelli, Chief Govt Officer