James M. Burke, President and Chief Risk Officer of Community Bank of the Chesapeake. (Submitted photo)
WALDORF, Md. (Aug. 3, 2016)—Community Bank of the Chesapeake (NASDAQ: TCFC) announced the appointment of James M. Burke as President and Chief Risk Officer of Community Bank of the Chesapeake, effective July 28, 2016. Mr. Burke most recently served as Executive Vice President and Chief Risk Officer. In his role as President, Mr. Burke will assume leadership for accelerating business development, brand visibility and delivering targeted growth, while continuing to focus on the risk environment.
"Jimmy has been an integral part of our management team since joining the Bank in 2005" said William Pasenelli, Chief Executive Officer of Community Bank of the Chesapeake. "It has been an honor to work with him. His expansive knowledge and understanding of the local banking industry, finance and corporate management will lead the Bank into the future."
Mr. Burke brings over 20 years of experience to his new position, having most recently served as Executive Vice President and Chief Risk Officer of Community Bank of the Chesapeake. Mr. Burke was, and will remain, responsible for the efficient and effective management of significant risks and related opportunities, balancing the risk and reward of those opportunities with the Bank's strategic objectives and goals. Prior to joining Community Bank, Mr. Burke served as the Executive Vice President at Mercantile Southern Maryland Bank in Leonardtown, MD.
"It is an honor to be named the next President of Community Bank of the Chesapeake" said Mr. Burke. "I am humbled to follow in the footsteps of others who have created a culture connecting leadership and service. Service to our clients, our employees and shareholders is engrained in our culture and makes our brand of banking unique and will see us through future growth."
Headquartered in Waldorf, Maryland, Community Bank of the Chesapeake is a full-service commercial bank, with assets over $1.25 billion. 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.