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Chesapeake stock up 107 percent over past decade

“Rain or Shine” was the theme of the 116th annual stockholders meeting of Chesapeake Financial Shares (CFS), illustrating the organization’s strong financial performance and solid stock appreciation through the recession and into the subsequent recovery, according to a release from CFS, the parent holding company of Chesapeake Bank and the Chesapeake Investment Group.

The April 1 meeting, which was held at Rappahannock Westminster-Canterbury in Irvington, was presided over by board chairman and CEO Jeffrey M. Szyperski.

“Including dividends, Chesapeake’s stock is up 107 percent for the past decade,” noted Szyperski. “Many other stocks are down 50 percent or more for this same period.” He attributed this to both the solid markets CFS is in, as well as the diversity of their lines of business. In reviewing industry trends, Szyperski noted the number of FDIC-insured institutions nationally is down to 6,182—a 36 percent decrease in th...

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