Chesapeake Bank
| Company type | community bank |
|---|---|
| OTCQB: CPKF | |
| Industry | Banking |
| Founded | 1900 |
| Headquarters | Kilmarnock, Virginia |
Key people | Jeff Szyperski (President) |
| Products | Financial services |
| Parent | Chesapeake Financial Shares Inc. |
| Website | chesbank |
| 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
[edit]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
[edit]Service Region
[edit]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
[edit]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
[edit]- 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
[edit]- ^ "Corporate Profile - Chesapeake Financial Shares Inc". chesapeakefinancialshares.com. Retrieved 21 November 2020.
- ^ Sabo, Matt (2019-10-07). "Wired to Succeed: Jeff and Wende Szyperski". The Local Scoop. Retrieved 2020-02-12.
- ^ "Chesapeake – where 'It's All About Community'". chesbank.com. Retrieved 2020-02-10.
- ^ "Chesapeake – where 'It's All About Community'". chesbank.com. Retrieved 2020-02-10.
- ^ "Chesapeake bank joins Patterson branch lineup". Richmond BizSense. 2014-10-15. Retrieved 2020-02-14.
- ^ "Kilmarnock-based bank eyes new branch in Chesterfield". Richmond BizSense. 2019-02-15. Retrieved 2020-02-12.
- ^ "Where Jeff Szyperski Knows Your Name". ABA Banking Journal. 2018-10-23. Retrieved 2020-02-12.
- ^ "Wealth Management". chesbank.com. Retrieved 2020-02-10.
- ^ "Merchant Services". chesbank.com. Retrieved 2020-02-10.
- ^ "About Cash Flow". Chesapeake Bank Cash Flow. Retrieved 2020-02-10.
- ^ "New ABA chair: Tailor regs to business models, modernize CRA". American Banker. 2018-10-22. Retrieved 2020-02-12.
- ^ "Szyperski Named Chairman of the ABA". Virginia Bankers Association. Retrieved 2020-02-12.
- ^ "Szyperski Elected ABA Chairman". ABA Banking Journal. 2018-10-23. Retrieved 2020-02-14.
- ^ "Q&A: Chesapeake Bank CEO Jeff Szyperski meets Trump". Richmond Times-Dispatch. Retrieved 2020-02-14.
- ^ KOSA. "Midland Community Banker and Chairman meets with President Trump". www.cbs7.com. Retrieved 2020-02-14.
- ^ "Q&A with our CEO and former ABA Chair, Jeff Szyperski". chesbank.com. Retrieved 2020-02-14.
- ^ "Opinion | Community Banks Exploit Their Strengths". Wall Street Journal. 2019-03-12. ISSN 0099-9660. Retrieved 2020-02-14.
- ^ Boat'n Bank, retrieved 2020-02-12
- ^ Hodges, Ty (2016-07-13). "Chesapeake Bank to collect school supplies for YMCA program". Williamsburg Yorktown Daily. Retrieved 2020-02-12.
- ^ "YMCA dedicates new aquatic center | Rappahannock Record". Retrieved 2020-02-14.
- ^ "Chesapeake Bank again recognized among the 'Best Banks to Work For' nationwide | Rappahannock Record". Retrieved 2020-02-14.