Press Releases

Chesapeake Financial Shares Reports Record Earnings

For additional information please contact
Jeffrey M. Szyperski, President & CEO
Chesapeake Financial Shares, Inc.
804-435-4249 or 1-800-434-1181

Chesapeake Financial Shares has been named one of the top 200 community banks in America in the June 2008 issue of US Banker magazine. The ranking by the magazine is based on a three year average return on equity. In the ranking, Chesapeake Financial Shares came in at #148 with a three-year average return on equity of 13.65%.

Jeffrey M. Szyperski, chairman and CEO, stated he was very pleased with being included in the ranking. “As an organization, we are very focused on how well we are doing for shareholders. The return on equity measure is a proxy for that. This is a key measure for us and one that we take very seriously."

The lead for the article states, “They avoided the enticements of subprime mortgages. They controlled expenses and capitalizations. As a result, community banks in this year's Top 200 list, based on a three year average return on equity, maintained remarkably high returns on earnings, despite a financial market tailspin in the second half of 2007."

Chesapeake financial shares stock is traded under the symbol CPKF. Information on how to buy Chesapeake financial shares stock is available on Chesapeake banks web site at www.chesbank.com.

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