Chesapeake Financial Shares Announces Executive Team Transition within Chesapeake Payment Systems Division
Chesapeake Financial Shares (CPKF) has announced key executive changes in its Chesapeake Payment Systems division. DJ Seeterlin, previously Chief Innovation and Strategy Officer, has been promoted to President, succeeding Kate Root who transitions to a part-time role as Director of Partner Strategy.
Seeterlin, with 13 years at the company, has led several innovative payment initiatives, including the implementation of instant payments networks FedNow and RTP. He serves on multiple industry boards and is co-founder of Rebolt Financial Technologies. In his new role, he will lead partnerships with ISOs, Payment Facilitators, Processors, and other business entities.
Root, who has been with the company for 10 years, will focus on developing partner relationships in her new role. Chesapeake Payment Systems, approaching its 30th anniversary in 2025, enables payment processing for businesses across Virginia and the U.S. through partner sponsorships.
Chesapeake Financial Shares (CPKF) ha annunciato importanti cambiamenti esecutivi nella sua divisione Chesapeake Payment Systems. DJ Seeterlin, precedentemente Chief Innovation and Strategy Officer, è stato promosso a Presidente, succedendo a Kate Root, che passerà a un ruolo part-time come Direttrice della Strategia Partner.
Seeterlin, con 13 anni di esperienza nell'azienda, ha guidato diverse iniziative innovative nel settore dei pagamenti, inclusa l'implementazione delle reti di pagamenti istantanei FedNow e RTP. È membro di diversi consigli di settore ed è co-fondatore di Rebolt Financial Technologies. Nel suo nuovo ruolo, guiderà le partnership con ISOs, Facilitatori dei Pagamenti, Processori e altre entità commerciali.
Root, che è in azienda da 10 anni, si concentrerà sullo sviluppo delle relazioni con i partner nel suo nuovo ruolo. Chesapeake Payment Systems, che si avvicina al suo 30° anniversario nel 2025, consente l'elaborazione dei pagamenti per le imprese in Virginia e negli Stati Uniti attraverso sponsorizzazioni di partner.
Chesapeake Financial Shares (CPKF) ha anunciado cambios clave en la alta dirección de su división Chesapeake Payment Systems. DJ Seeterlin, anteriormente Director de Innovación y Estrategia, ha sido ascendido a Presidente, sucediendo a Kate Root, quien pasará a un rol a tiempo parcial como Directora de Estrategia de Socios.
Seeterlin, con 13 años en la empresa, ha liderado varias iniciativas de pago innovadoras, incluida la implementación de redes de pagos instantáneos FedNow y RTP. Forma parte de múltiples juntas de la industria y es cofundador de Rebolt Financial Technologies. En su nuevo papel, liderará las asociaciones con ISOs, Facilitadores de Pagos, Procesadores y otras entidades comerciales.
Root, quien ha estado en la empresa durante 10 años, se centrará en desarrollar relaciones con los socios en su nuevo rol. Chesapeake Payment Systems, que se acerca a su 30° aniversario en 2025, permite el procesamiento de pagos para empresas en Virginia y en los EE. UU. a través de patrocinios de socios.
체사피이크 금융 주식회사 (CPKF)는 체사피크 결제 시스템 부문에서 주요 경영진 변경을 발표했습니다. DJ 시터린은 이전에 최고 혁신 및 전략 책임자였으며, 케이트 루트를 이어서 대통령으로 승진했습니다. 루트는 파트너 전략 이사로서 시간제 역할로 전환하게 됩니다.
시터린은 회사에서 13년의 경력을 가지고 있으며, FedNow 및 RTP와 같은 즉시 결제 네트워크의 구현을 포함하여 여러 혁신적인 결제 이니셔티브를 이끌었습니다. 그는 여러 산업 이사회에서 활동하고 있으며, Rebolt Financial Technologies의 공동 창립자입니다. 그의 새로운 역할에서 그는 ISOs, 결제 촉진자, 프로세서 및 기타 비즈니스 엔티티와의 파트너십을 이끌 것입니다.
루트는 10년 동안 회사에 재직했으며, 그녀의 새로운 역할에서는 파트너 관계 개발에 집중할 것입니다. 체사피크 결제 시스템은 2025년에 30주년을 맞이하며, 버지니아와 미국 전역의 기업들을 위해 파트너 후원을 통해 결제 처리를 가능하게 합니다.
Chesapeake Financial Shares (CPKF) a annoncé des changements clés au sein de la direction de sa division Chesapeake Payment Systems. DJ Seeterlin, anciennement responsable de l'innovation et de la stratégie, a été promu président, succédant à Kate Root, qui passe à un rôle à temps partiel en tant que directrice de la stratégie partenaire.
Seeterlin, avec 13 ans d’expérience dans l’entreprise, a dirigé plusieurs initiatives de paiement innovantes, y compris la mise en œuvre des réseaux de paiement instantanés FedNow et RTP. Il siège à plusieurs conseils d’administration de l’industrie et est co-fondateur de Rebolt Financial Technologies. Dans son nouveau rôle, il dirigera les partenariats avec des ISOs, des faciliteurs de paiement, des processeurs et d'autres entités commerciales.
Root, qui travaille pour l'entreprise depuis 10 ans, se concentrera sur le développement des relations avec les partenaires dans son nouveau rôle. Chesapeake Payment Systems, qui approche de son 30e anniversaire en 2025, permet le traitement des paiements pour les entreprises en Virginie et aux États-Unis grâce à des parrainages de partenaires.
Chesapeake Financial Shares (CPKF) hat wichtige Veränderungen in der Führungsebene seiner Chesapeake Payment Systems-Abteilung bekannt gegeben. DJ Seeterlin, zuvor Chief Innovation and Strategy Officer, wurde zum Präsidenten befördert und folgt auf Kate Root, die in eine Teilzeitrolle als Direktorin der Partnerstrategie wechselt.
Seeterlin, der seit 13 Jahren im Unternehmen ist, hat mehrere innovative Zahlungsinitiativen geleitet, einschließlich der Implementierung von Sofortzahlungssystemen wie FedNow und RTP. Er ist Mitglied in mehreren Branchenvorständen und Mitgründer von Rebolt Financial Technologies. In seiner neuen Rolle wird er die Partnerschaften mit ISOs, Zahlungsanbietern, Verarbeitern und anderen Geschäftseinheiten leiten.
Root, die seit 10 Jahren im Unternehmen ist, wird sich in ihrer neuen Funktion auf die Entwicklung von Partnerbeziehungen konzentrieren. Chesapeake Payment Systems, das sich 2025 seinem 30-jährigen Jubiläum nähert, ermöglicht die Zahlungsabwicklung für Unternehmen in Virginia und den USA durch Partnerschaften.
- Executive transition maintains continuity with Kate Root remaining in strategic role
- New president brings strong technology and innovation background
- Division marks 30 years of operations in 2025
- Company demonstrates capability in modern payment technologies (FedNow, RTP)
- None.
KILMARNOCK, VA / ACCESS Newswire / February 10, 2025 / Chesapeake Financial Shares is pleased to announce the promotion of DJ Seeterlin to President of Chesapeake Payment Systems, a division of the bank that offers merchant acquiring services. Seeterlin, who has been with Chesapeake Financial Shares for 13 years, most recently in the role of Chief Innovation and Strategy Officer, will be taking over duties for long-time executive Kate Root as she transitions to a part-time role as Director of Partner Strategy within Chesapeake Payment Systems.
"Kate has done a tremendous job in her tenure to build Chesapeake Payment Systems into a highly respected brand within the industry," said Seeterlin. "She developed a strong team that is knowledgeable and recognizes the value of our local and national business partners. I look forward to continuing this track record of success and enabling new and innovative payment solutions for our customers."
"My decision to become part of Chesapeake Financial Shares ten years ago, has proven to be the best career decision of my life," said Root. "Approaching semi-retirement is surreal to me but the opportunity to remain a valued team member of Chesapeake Payment Systems and stay involved in the payments industry is very exciting. I truly have chosen the best bank to work for."
Jeff Szyperski, CEO of Chesapeake Financial Shares and Chesapeake Bank stated, "The confluence of payments and merchant acquiring services is accelerating. DJ's depth of experience in payments and technology will allow us to navigate this confluence for the benefit of our customers. It is a great match."
Seeterlin has led the development and launch several innovative payment products, including the use of instant payments networks FedNow and RTP. He is an active member of the payments industry, serving on numerous board and committees, including as co-founder and Board Member of Rebolt Financial Technologies, and Chair of the American Bankers Association's Payments Systems Admin Committee.
In his new role as President of Chesapeake Payment Systems, Seeterlin will lead the team to support and grow the partnerships with Independent Sales Organizations (ISOs), Payment Facilitators, Processors, Sales Agents, Agent Banks, and the thousands of businesses that are enabled to process payments.
In her new role as Director of Partner Strategy, Root will focus on ensuring the growth and success of the division's high-value partner relationships, and developing new partner opportunities, while continuing to provide ongoing senior leadership within the division.
Chesapeake Payment Systems, which will be celebrating 30 years as a division of the bank in 2025, is headquartered at the Chesapeake Tech Center in Norge, VA just outside of Williamsburg. The division enables the acceptance and processing of payments by businesses within the bank's Virginia communities, and throughout the U.S. through partner sponsorships.
ABOUT CHESAPEAKE FINANCIAL SHARES
Chesapeake Financial Shares is a one-bank holding company originally chartered in 1900 and based in Kilmarnock, VA. Chesapeake Financial Shares, Inc.'s stock trades on the over-the-counter market (OTCQB) under the symbol "CPKF."
The holding company operates two subsidiaries. Chesapeake Bank and Chesapeake Wealth Management, Inc.
Chesapeake Wealth Management, Inc. is an independent wealth management firm offering brokerage, trust, and estate management services.
More detail can be found in the most recent Annual Report, or visit www.chesapeakefinancialshares.com.
ABOUT CHESAPEAKE BANK AND CHESAPEAKE PAYMENT SYSTEMS
Chesapeake Bank, founded in 1900, is headquartered in Kilmarnock, Virginia, serving the Northern Neck, Middle Peninsula, Williamsburg, Richmond, Chesterfield, and Peninsula communities. The company offers merchant acquiring services nationally through its division, Chesapeake Payment Systems, and accounts receivable financing nationally through its division, Flexent. 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.
Contact: Jeffrey M. Szyperski 1-800-434-1181
SOURCE: Chesapeake Financial Shares Inc.
View the original press release on ACCESS Newswire
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