Chesapeake Bank

Chesapeake Bank

Company type	community bank
Traded as	OTCQB: CPKF
Industry	Banking
Founded	1900
Headquarters	Kilmarnock, Virginia
Key people	Jeff Szyperski (President)
Products	Financial services
Parent	Chesapeake Financial Shares Inc.
Website	chesbank.com
Footnotes /references [1]

Chesapeake Bank is a United States community bank based in Kilmarnock, Virginia. It provide banking services in the Northern Neck, Middle Peninsula, Greater Williamsburg area, and Richmond in Virginia.

History

The bank was originally created as Lancaster National Bank ^[2] (of Lancaster, Virginia) and later merged with Chesapeake Banking Company of Lively in 1968 to become Chesapeake National Bank. ^[3] In 1994, Chesapeake National Bank dropped the "National" from its name, and has been known ever since as "Chesapeake Bank". ^[4] It is not to be confused with the Baltimore-based Chesapeake Bank of Maryland.

Operations

Service Region

Chesapeake Bank operates in the following areas of Virginia—the Northern Neck, Middle Peninsula, Greater Williamsburg area, and Richmond. ^[5] The bank will expand into Chesterfield in May 2020. ^[6]

Lines of Business

In addition to the traditional banking business, Chesapeake Bank also operates secondary lines of business, ^[7] Chesapeake Wealth Management, ^[8] Chesapeake Payment Systems, ^[9] and Cash Flow ^[10] divisions.

Notes

• Chesapeake Bank president Jeff Szyperski ^[11] served the American Bankers Association as the organization's 2018–19 chairman. ^{[12] [13]} His tenure included visits with world leaders ^{[14] [15] [16]} and presentations to banking groups all around the world. Szyperski is also an advocate for community banks nationally. ^[17]
• In the 1960s, Chesapeake Bank was known for their Boat 'n Bank, ^[18] which was a mobile branch which had its home port at Carter's Creek Marina in Irvington.
• Staff from Chesapeake Bank are encouraged to volunteer in their home region, and do so throughout the year ^{[19] [20]}
• Chesapeake Bank was listed as a Best Bank to Work For in 2020 ^[21] by American Banker.

References

1. "Corporate Profile - Chesapeake Financial Shares Inc". chesapeakefinancialshares.com. Retrieved 21 November 2020.
2. Sabo, Matt (2019-10-07). "Wired to Succeed: Jeff and Wende Szyperski". The Local Scoop. Retrieved 2020-02-12.
3. "Chesapeake – where 'It's All About Community'". chesbank.com. Retrieved 2020-02-10.
4. "Chesapeake – where 'It's All About Community'". chesbank.com. Retrieved 2020-02-10.
5. "Chesapeake bank joins Patterson branch lineup". Richmond BizSense. 2014-10-15. Retrieved 2020-02-14.
6. "Kilmarnock-based bank eyes new branch in Chesterfield". Richmond BizSense. 2019-02-15. Retrieved 2020-02-12.
7. "Where Jeff Szyperski Knows Your Name". ABA Banking Journal. 2018-10-23. Retrieved 2020-02-12.
8. "Wealth Management". chesbank.com. Retrieved 2020-02-10.
9. "Merchant Services". chesbank.com. Retrieved 2020-02-10.
10. "About Cash Flow". Chesapeake Bank Cash Flow. Retrieved 2020-02-10.
11. "New ABA chair: Tailor regs to business models, modernize CRA". American Banker. 2018-10-22. Retrieved 2020-02-12.
12. "Szyperski Named Chairman of the ABA". Virginia Bankers Association. Retrieved 2020-02-12.
13. "Szyperski Elected ABA Chairman". ABA Banking Journal. 2018-10-23. Retrieved 2020-02-14.
14. "Q&A: Chesapeake Bank CEO Jeff Szyperski meets Trump". Richmond Times-Dispatch. Retrieved 2020-02-14.
15. KOSA. "Midland Community Banker and Chairman meets with President Trump". www.cbs7.com. Retrieved 2020-02-14.
16. "Q&A with our CEO and former ABA Chair, Jeff Szyperski". chesbank.com. Retrieved 2020-02-14.
17. "Opinion | Community Banks Exploit Their Strengths". Wall Street Journal. 2019-03-12. ISSN   0099-9660 . Retrieved 2020-02-14.
18. Boat'n Bank , retrieved 2020-02-12
19. Hodges, Ty (2016-07-13). "Chesapeake Bank to collect school supplies for YMCA program". Williamsburg Yorktown Daily. Retrieved 2020-02-12.
20. "YMCA dedicates new aquatic center | Rappahannock Record" . Retrieved 2020-02-14.
21. "Chesapeake Bank again recognized among the 'Best Banks to Work For' nationwide | Rappahannock Record" . Retrieved 2020-02-14.