Chesapeake Financial Shares, parent company of Chesapeake Bank, has made the American Banker magazine listing of the “Top 200 Community Banks” in the United States.
The bank ranked at #130 in the nation out of approximately 6,000 community banks in the study. This is the 15th consecutive year that Chesapeake has made the ranking of a Top 200 Community Bank.
“This is a byproduct of what we do every day,” Chesapeake Bank president and CEO Jeff Szyperski said. “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 average equity (ROAE). The bank had a three-year ROAE of 11.07 percent. Chesapeake Bank has over $1.3 billion in assets, and the financial institution is headquartered in Kilmarnock. The bank has locations in the Middle Peninsula, Northern Neck, Williamsburg and Richmond, including branches in Mathews, Gloucester and Hayes.
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