Skip to main content

James Burke Named President of the Community Financial Corporation, Community Bank of the Chesapeake Holding Company

Written by Customer Service on . Posted in Public Companies.

WALDORF, Md., March 03, 2021 (GLOBE NEWSWIRE) — 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.
Diane Hicks
Senior Vice President
Director of Marketing and Communications
(240) 427-1047
hicksd@cbtc.comA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/499aa440-1d7c-4a77-bf07-8bf7b0850b19 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.