James Burke Named President of the Community Financial Corporation, Community Bank of the Chesapeake Holding Company
March 03 2021 - 5:24PM
The Board of Directors of Community Financial Corporation (“TCFC”
or the “Company”), the holding company of Community Bank of the
Chesapeake (“CBTC” or the “Bank”), has named James M. Burke as
President of the Company, effective February 25, 2021. Jimmy is a
banking veteran and currently serves as President of Community Bank
of the Chesapeake. William Pasenelli, who has served as CEO and
President of the Company, will continue to serve as Chief Executive
Officer of the Company.
Austin J. Slater, Chairman of the Board of
Directors, said on the appointment: “Jimmy has a wealth of
experience working in executive management roles and extensive
knowledge of the banking industry. His expertise, leadership and
business acumen have been instrumental in the continued growth of
the Company and Bank. His appointment to President of the Company
is well deserved and, joined by all Directors, I congratulate Jimmy
and look forward to continued collaboration.”
James M. Burke is an experienced banker with
over 20 years of experience. Jimmy joined the Bank in 2005 and
currently serves as Executive Vice President of the Company and
President of the Bank. Prior to being appointed to President of the
Bank in 2016, he served as Executive Vice President, Chief Risk
Officer. Mr. Burke received his Bachelor of Arts degree in
Political Science from High Point College in High Point, North
Carolina.
“I have worked along-side Jimmy for many years,”
said William Pasenelli, Chief Executive Officer of the Company and
Bank. “His leadership, commitment to our culture and the experience
of our customers and emphasis on creating shareholder value has
driven the organization forward the past several years. Jimmy is a
proven leader and I look forward to continuing to work with him as
we lead the Company and Bank to future growth. I congratulate Jimmy
on his appointment.”
Headquartered in Waldorf, Maryland, Community
Bank of the Chesapeake is a full-service commercial bank, with
assets over $2.0 billion. Through its 12 banking centers and
four 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.
CONTACT:
Diane HicksSenior
Vice President Director of Marketing and Communications(240)
427-1047hicksd@cbtc.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/499aa440-1d7c-4a77-bf07-8bf7b0850b19
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