Michael Macielag, Chairman of the Board of Directors of Chesapeake Bancorp and Chesapeake Bank & Trust Company, today announced that the Company has hired Glenn L. Wilson as President and CEO of both the Bank and the Bank Holding Company. He will replace Richard L. Coffman, who has served the Bank for nearly 20 years as Chief Operating Officer and Chief Financial Officer. Mr. Coffman has also served as Acting President & Chief Executive Officer for the last six months. He will begin his long-awaited retirement following Mr. Wilson’s arrival.
“I am very excited about our success in recruiting a new President,” said Mr. Macielag. “I do believe we have hit the proverbial ‘home run’ in persuading Glenn Wilson to join us as CEO of Chesapeake Bank & Trust Company.” Glenn will officially join the Bank on January 12, 2015. Glenn has spent a lifetime in banking in Maryland and has run banks ten times the size of Chesapeake. More importantly, he has run high-performance banks such as Citizens National ofLaurel which was one of the top performers in Maryland prior to the acquisition of its parent, Mercantile Bankshares, by PNC some years ago. Glenn’s office (for a short period of time) was in the Chestertown Bank of Maryland building, just down the street from Chesapeake’s main office. Glenn stayed at PNC for over two years as its Senior Credit Officer overseeing most of Maryland. But since he enjoys being a Community Banker, he moved to Western Pennsylvania where for the past 5+ years he has been President & CEO of a financial institution which includes a $1 billion Community Bank and a $1.8 billion Trust Company. He began his banking career at Maryland National Bank.
Highlights of Glenn’s banking career include: past National Chairman of the Risk Management Association, with over 3,000 member banks; Vice-Chair of the Pennsylvania Bankers Association and a member of the Federal Reserve Bank of Philadelphia’s CommunityInstitutions Advisory Council. His community involvement includes: Chair of local United Way Board and being on the Boards of several civic, economic development, and educational organizations.
Glenn, and his wife Diana, have been weekend residents of Chestertown for the last 6 years, with a condo in Chester River Landing. They are members of Sacred Heart Church and the Sultana Captain’s Table. They have two sons, who live in Miami and Atlanta. Glenn is a graduate of Towson University with a B.S. in Finance. It is their love of Chestertown that had Glenn and Diana consider the possibility of locating here permanently and him joining Chesapeake.
Glenn commented: “I am excited to become Chesapeake’s President and CEO and the opportunity to help build on its success in helping this fine community. Diana and I are thrilled to be moving to Chestertown on a full-time basis, to more fully enjoy this great area, its people, and all it has to offer.”
“Chesapeake is very proud of the fact that our history of high performance and our culture of commitment to excellence helped persuade Glenn that Chesapeake was the right opportunity. He was also very impressed with the degree of employee ownership through our KSOP. We are very unique in that regard.” Mr. Macielag added that he and Mr. Wilson had talked about the fact that every time the Bank takes on a new person it is more like recruiting a partner than an employee. “He will be our newest partner. I fully expect that he will benefit from joining our partnership, and I fully expect that our clients, employees, and shareholders will benefit from his experience and knowledge.”
[…] that was before a bank executive recruiter called him one day last year to suggest Glenn consider becoming heading up a small community bank called the Chesapeake Bank and Trust on the […]