Chesapeake Bank - Chestertown Spy

Chesapeake Bank and Trust is very pleased to announce the election of Arraminta Ware to its Board of Directors.

A lifelong resident of the Eastern Shore, Ms. Ware grew up on a farm in the Sudlersville area. After graduating from Lynchburg College with an accounting degree, she began working for Anthony & Associates. Since 2000, Ms. Ware has been a member of Anthony, Judge & Ware, LLC, a public accounting firm in Chestertown.

Ernest Strong, Chairman of the Board of Directors of Chesapeake Bank & Trust, remarked, “We are happy to welcome Ms. Ware to our organization. Her accounting background and knowledge of local issues will complement our decision-making process. We are grateful Arraminta has chosen to become a director of what truly is a community bank.”

“I believe in and understand the importance of a local banking institution to our community and look forward to contributing to the future success of both,” said Ms. Ware. “I feel fortunate to live and work on the Eastern Shore.”

Ms. Ware lives near Chestertown in Queen Anne’s County with her husband, Eric Schrader, a self-employed farmer.

Chesapeake Bank and Trust is a locally owned and managed bank headquartered in Chestertown. Chesapeake prides itself in providing an unparalleled level of service across credit, deposit and investment services for Kent and Queen Anne’s County businesses and individuals. It is a wholly-owned subsidiary of Chesapeake Bancorp which is also headquartered in Chestertown.

For more information, contact Chesapeake Bank and Trust at 410-778-1600, or visit www.chesapeaketrust.com. Chesapeake Bank and Trust’s main branch is located at 245 High Street, Chestertown, Maryland 21620.

It is not a surprise to Glenn Wilson, CEO of Chesapeake Bank and Trust, that a few clients have called up his bank to discuss their loan payments. As the coronavirus crisis began to emerge, Glenn and his colleagues realized that the financial impact of COVID-19 would be hard for more than a few of his customers. And with that in mind, the Bank is committed to helping in whatever way it can to help those who need help to get it.

But notwithstanding this very real anxiety, Glenn reports in his Spy interview, that Chesapeake is still fully functioning and that federal and state assistance is helping in creating a stable environment to continue its business.

Wilson has gave the Spy an update on how the United Way of Kent County is fairing and reports the good news that UWKC remains committed to fully funding their partner organizations in 2020.

Correction: FDIC Insurance on transaction deposit accounts is not in effect yet. The CARES Act authorizes an expedited process for the FDIC to follow to do this, but it will take an act of Congress, the Federal Reserve and the US Treasury. This will take some time. We regret the incorrect information and we will update our readers once this is available.

This video is approximately six minutes in length. For more information about Chesapeake Bank please go here. For the United Way of Kent County, please go here.

Ware Joins Board of Chesapeake Bank and Trust

COVID-19: Chesapeake Bank’s Glenn Wilson on Commerce and United Way Grants

Sections

More