Chesapeake Bank Adds Tenured Bank Executive Ron Andrews to Bank’s Board of Directors

Rhea-AI Summary

Chesapeake Bank (OTCQX:CPKF) has appointed Ron Andrews to its Board of Directors. Andrews, a seasoned bank operations leader with 37 years of experience in the United States and the United Kingdom, has been serving on Chesapeake Bank's Technology Advisory Board since 2016. He is also an Executive Partner at the Mason School of Business, College of William and Mary.

Jeff Szyperski, CEO of Chesapeake Financial Shares and Chesapeake Bank, expressed enthusiasm about Andrews' addition, citing his deep industry knowledge and expertise as valuable assets for the bank's future. Andrews' career highlights include 22 years at Signet Bank/Capital One, where he led fraud prevention operations and oversaw the internet bank, growing deposits by $20 billion. He later served as Managing Director at Citibank, leading Global Fraud Operations for Consumer and Small Business Banks across 16 countries.

Positive

• Addition of Ron Andrews, a highly experienced bank executive, to the Board of Directors
• Andrews' 37-year career in banking operations in the US and UK brings valuable expertise
• Previous experience includes growing deposits by $20 billion at Capital One's internet bank
• Andrews has been serving on Chesapeake Bank's Technology Advisory Board since 2016, indicating familiarity with the company

Negative

• None.

KILMARNOCK, VA / ACCESSWIRE / October 18, 2024 / Chesapeake Bank (OTCQX:CPKF) is pleased to announce the addition of Ron Andrews to the bank's Board of Directors. Ron is an experienced senior bank operations leader who has built and led banking businesses and operations in the United States and the United Kingdom during the course of his 37-year career. Ron has served on Chesapeake Bank's Technology Advisory Board since 2016. He also currently serves as an Executive Partner in the Mason School of Business at the College of William and Mary. Ron also serves on the Williamsburg Police Citizens Advisory Committee as well as the Regional Alumni Board of the College of William and Mary.

"We are thrilled to welcome Ron Andrews to our board. His impressive banking tenure and deep industry knowledge will be instrumental as we navigate the future," said Jeff Szyperski, CEO of Chesapeake Financial Shares and Chesapeake Bank. "Ron's expertise and insights are highly anticipated, and we are excited about the significant contributions he will bring to our bank."

Ron's tenure with Signet Bank/Capital One spanned 22 years. Most notably, he led the design and formation of Capital One's first major fraud prevention and detection operations. He led the start-up of Capital One's first international site with the opening of a campus in Nottingham, England. Upon his return to the United States, as a Managing Vice President, Ron oversaw Capital One's internet bank and operations, where deposits grew by $20 billion under his leadership.

After shifting to Citibank, Ron served as Managing Director and led Citi's Global Fraud Operations for the Consumer and Small Business Banks, encompassing 3,500 employees, servicing 16 country markets.

Ron received his B.S. in Biology from the College of William and Mary and his Masters of Business Administration from Virginia Tech. He and his wife, Elizabeth, reside in Williamsburg, VA.

ABOUT CHESAPEAKE BANK

Chesapeake Bank, founded in 1900, is a subsidiary of Chesapeake Financials Shares (CFS:CPKF), headquartered in the Northern Neck, also serving the Middle Peninsula, Williamsburg, Richmond, Chesterfield, and Peninsula communities. The company also offers credit processing and ABL financing. Named by American Banker as one of the Top 100 Community Banks and a Best Bank to Work For, employing 290+. Visit: www.ches.bank or www.chesapeakefinancialshares.com

FOR IMMEDIATE RELEASE:
Contact: Jeffrey M. Szyperski
1-800-434-1181
investorrelations@ches.bank

SOURCE: Chesapeake Financial Shares Inc.

View the original press release on accesswire.com

FAQ

Who is Ron Andrews and why was he appointed to Chesapeake Bank's Board of Directors?

Ron Andrews is a tenured bank executive with 37 years of experience in banking operations. He was appointed to Chesapeake Bank's (OTCQX:CPKF) Board of Directors due to his extensive industry knowledge and expertise, which is expected to contribute significantly to the bank's future strategies and operations.

What is Ron Andrews' background in the banking industry?

Ron Andrews has 37 years of experience in banking, including 22 years at Signet Bank/Capital One where he led fraud prevention operations and oversaw the internet bank. He also served as Managing Director at Citibank, leading Global Fraud Operations for Consumer and Small Business Banks across 16 countries.

How long has Ron Andrews been associated with Chesapeake Bank (CPKF) before joining the Board?

Ron Andrews has been serving on Chesapeake Bank's (CPKF) Technology Advisory Board since 2016, which is approximately 8 years before his appointment to the Board of Directors in October 2024.

What notable achievements does Ron Andrews bring to Chesapeake Bank (CPKF)?

Ron Andrews brings significant achievements to Chesapeake Bank (CPKF), including growing deposits by $20 billion while overseeing Capital One's internet bank and operations. He also led the design of Capital One's first major fraud prevention and detection operations and established their first international site in Nottingham, England.