FREDERICKSBURG, Va. (Jan. 7, 2013)—Virginia Partners Bank today announced its expansion into Southern Maryland. The bank has opened a loan production office in La Plata, Md., which is the county seat of Charles County, Md., and plans to open a full-service branch later in the year. The company plans to trade under the name "Maryland Partners Bank (a division of Virginia Partners Bank)".
The bank has hired B. Scot Ebron as executive vice president to head its Maryland operations.
"Ebron is a seasoned and talented commercial banker in Southern Maryland," said Lloyd B. Harrison, president and COO of Virginia Partners Bank. Prior to joining Virginia Partners Bank, Ebron was the market executive for PNC Bank in southern Maryland. He served in executive management of Mercantile Southern Maryland Bank. Earlier, he was the senior loan officer for County First Bank, La Plata, Md.
"I am excited to get back to my roots as a community banker and to join a bank with dynamic growth plans," said Ebron. "The philosophy of Virginia Partners Bank and its Maryland Partners Bank division will appeal to the business community in Charles, Calvert and St. Mary's counties."
Virginia Partners Bank has identified southern Maryland as a strategic focus for the future because bank management is familiar with the geography. Harrison previously served as President and CEO of Mercantile Southern Maryland Bank before it merged with PNC Bank.
"Southern Maryland fits with our vision and values," said Harrison. "When you look at this region, and our headquarters market in greater Fredericksburg, you will find many similarities. We like the business mix, demographic profile, and proximity to Washington."
Virginia Partners Bank was founded in 2008. It currently operates three full-service branches in Fredericksburg and had $209 million in assets at the end of the third quarter of 2012.
Source: Virginia Partners Bank