Chesapeake Bank & Trust in Chestertown, Md., has named a former community bank chief executive to its board.
The $105 million-asset Chesapeake appointed Ray Tarrach to its board of directors last week. Tarrach filled one of two unoccupied seats on Chesapeake's board, CEO Glenn Wilson said.
Tarrach was previously president and CEO of Chestertown Bank, which was renamed Mercantile Eastern Shore Bank in 2004. It was acquired in 2007 by the $352 billion-asset PNC Financial Services Group, which continues to operate two branches in Chestertown.
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Former Federal Deposit Insurance Corp. Chairman Sheila Bair has been named president of Washington College, a small liberal arts school in Chestertown, Md.
May 6 -
Chesapeake Bancorp in Chestertown, Md., has hired Al Wilson as its president and chief executive. Wilson resigned from AmeriServ Financial last month as its chief executive.
January 12 -
Bay Bancorp in Columbia, Md., has agreed to buy Hopkins Bancorp in Pikesville, Md., for $23.8 million in cash.
December 18
Chesapeake was founded in 1986 and operates two branches in Chestertown.