So. Md. Business News Briefs - Southern Maryland Headline News

So. Md. Business News Briefs

Solomons Charter Captains Association hosts Wounded Warrior event

SOLOMONS—The Solomons Charter Captains Association (SCCA) recently hosted the Wounded Warrior Program (WWP) for the 2nd annual Solomons WWP fishing event and BBQ. SCCA was able to provide a day of fishing with all amenities to 73 Wounded Warriors and their families. All participants went home with coolers full of fish and were treated to an all-you-can-eat BBQ.

SCCA acknowledged the following sponsors' assistance in making the event possible: Scheibel Construction, Prince Frederick Ford, Dominion Power, CTS, Ripples, Clark Mechanical, Cove Point Storage, Buck Distributing, Dunkirk Supply, Howlin Concrete, Don Eierman, Jim Hall Real Estate, Welch & Rushe, D&S Steel Supply, WL Gary, Washburn’s Boat yard, Matrix Data, Weems Custom Building, Calvert Marina, Mimi’s Station, George Nichols Family, Adam’s Ribs, and Southern Calvert Baptist Church.

ECHO Realty, LP Purchased Lexington Village Shopping Center Lexington Park (St. Mary's County), MD Anchored By Kohl's And Dick's Sporting Goods

PITTSBURGH—ECHO Realty, LP announced its June 30, 2014 purchase of Lexington Village Shopping Center, a 160,000 square foot Kohl's Department Store and Dick's Sporting Goods-anchored center located at the intersection of Maryland Route 235 and Buck Hewitt Road in Lexington Park, (St. Mary's County), Maryland. The construction of Lexington Village was completed in 2013 and the center serves a strong and growing trade area comprising 95,000+ people with an average annual household income of just under $100,000. The adjacent Route 235 arterial produces an average daily traffic count of more than 70,000 vehicles, and the Patuxent River Naval Air Station which employs 25,000 naval and civilian personnel is located less than one mile from the entry to Lexington Village. The Kohl's store consists of 87,000 square feet, Dick's features 37,000 square feet, and both anchors are complemented by a diverse range of quality specialty stores and restaurants, including three outparcels containing Buffalo Wild Wings, Noodles and Kay Jewelers, and Sonic Drive-In Restaurant.

ECHO's plans for the center include leasing the remaining 5,800 square feet of small shop space, and letters of intent are already being processed for two of the four unoccupied units of the center. The property was purchased from a joint venture between Federal Capital Partners and Westmoreland Partners, which had purchased the just constructed, free-standing Kohl's store in 2010 and then developed all other components of the shopping center. ECHO will manage and lease Lexington Village with contributions made from both its Pittsburgh and Washington offices.

ECHO Realty is a privately held developer and owner of grocery anchored shopping centers with offices in Pittsburgh, PA, Washington, DC and Indianapolis, IN. ECHO's portfolio consists of over 175 properties located in Pennsylvania, Ohio, Maryland, West Virginia and Florida.

Community Bank of the Chesapeake Announces Plans For Greater Annapolis Lending Center; Welcomes New Lender

WALDORF—Community Bank of the Chesapeake announced July 18 that it will open a lending center in the Greater Annapolis service area later this year. Donald Parsons, Senior Vice President, Senior Lender for Community Bank will lead the development efforts in the new market.

"We are excited to announce the expansion of our lending network into Anne Arundel County," said Greg Cockerham, Chief Lending Officer and Executive Vice President of Community Bank of the Chesapeake. "Don has done an excellent job leading our Calvert County lending effort, and we view this move into Anne Arundel as a natural step in our growth process. I am confident that Don and his team will succeed in meeting the needs of our customers in this new market."

Mr. Parsons has over 18 years of lending and leadership experience and has been with Community Bank since 2011. As Senior Vice President, Senior Lender for Calvert County, he played an instrumental role in developing the market and establishing new relationships with lending customers. Mr. Parsons is a graduate of Shepherd University and received his Masters of Business Administration from the Sellinger School of Business at Loyola College.

Along with plans for its expansion, the Bank also announced that Stephen Shade has joined Community Bank of the Chesapeake as Vice President, Commercial Loan Officer. Mr. Shade will join Mr. Parsons in Anne Arundel County.

"Stephen is a top performing commercial lender with a proven track record of success in the area," Mr. Cockerham said. "His extensive knowledge of this market will be a valuable asset to the Bank as we begin to grow our lending base in the Greater Annapolis area."

Mr. Shade has over 15 years of experience in the banking industry. Prior to joining Community Bank, he served as Vice President, Commercial Relationship Manager for First Citizens Bank in Annapolis where he was recognized as a top loan producer in the Mid-Atlantic Region. Mr. Shade previously studied Finance at Loyola College of Maryland and is currently finishing his degree through the University of Maryland.

Headquartered in Waldorf, Maryland, Community Bank of the Chesapeake is a full-service commercial bank, with assets over $1 billion.

SMECO recognized by JD Power for seventh consecutive year

HUGHESVILLE—For the seventh year in a row, SMECO has received recognition from the annual JD Power study regarding residential customer satisfaction for electric utilities. Among midsize utilities in the East region, Southern Maryland Electric Cooperative ranks highest for a seventh consecutive year, followed by Penn Power; Delmarva Power; and Rochester Gas & Electric and Western Massachusetts Electric (in a tie), respectively.

Community Bank of the Chesapeake Supports Southern Maryland Mission of Mercy

WALDORF—Community Bank of the Chesapeake announced its support of the Southern Maryland Mission of Mercy. Through its sponsorship, the Bank will help to provide funding for the two-day dental clinic planned for July.

"We are pleased to support the Southern Maryland Mission of Mercy," said Michael Middleton, Executive Chairman of the Board for Community Bank of the Chesapeake. "This organization is committed to improving the health of our community and we are proud to play a role in advancing their mission," said Middleton.

The Southern Maryland Mission of Mercy is part of a national initiative to improve the dental health of those without insurance by holding free two-day dental clinics. The clinics provide services ranging from preventative dentistry and cleanings to restorative fillings and extractions. This year's clinic was scheduled for July 18 and 19 at North Point High School in Charles County. The donation made by Community Bank allowed Mission of Mercy to provide $41,000 worth of dental work to patients in need.

"On behalf of the Southern Maryland Mission of Mercy, I would like to express my sincere gratitude for the generous contribution from Community Bank of the Chesapeake," said Dr. Garner Morgan and Mission of Mercy volunteer. "For every dollar donated, we are able to turn that into $17.00 worth of treatment. In 2012, at our first Mission of Mercy, we were able to treat over 650 well deserving patients. This July, we feel that number will be between 800 and 900 people. None of this would be possible without the support of our community."

Headquartered in Waldorf, Maryland, Community Bank of the Chesapeake is a full-service commercial bank, with assets over $1 billion.

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