Press Releases

Chesapeake Bank Ranked #1 in Virginia

For the fourth consecutive year, Chesapeake Bank has made the US Banker magazine listing of the “Top 200 Community Banks” in the United States.  The bank ranked at #20 in the nation and #1 in Virginia out of approximately 6,000 community banks in the study.  In 2008, Chesapeake ranked #148, in 2009 ranked #64, and in 2010 ranked #32.  "This is a by-product of what we do every day," commented Jeff Szyperski, President and CEO of Chesapeake Bank.  "While we are proud of this excellent ranking, we continue to keep our focus on what we do best, serving our customers and our communities."

The ranking is based on a three-year average of return on equity (ROAE).  The bank had a three-year average return on equity of 13.40%.  Chesapeake Bank has approximately $600 million in assets, and the financial institution is headquartered in Kilmarnock, Virginia.  The bank has branches in the Northern Neck, the Middle Peninsula and Williamsburg.

Chesapeake Financial Shares is the parent company of Chesapeake Bank.  For information about Chesapeake Financial Shares stock (CPKF), please go to Chesapeake Bank’s website at www.chesbank.com.  Chesapeake Financial Shares remains a publicly traded company and is traded on the over-the-counter market.  Also, you are invited to become a fan of Chesapeake Bank on Facebook at www.facebook.com/chesbank and follow Chesapeake on Twitter at www.twitter.com/chesbank.