MIDDLETOWN, Md., Oct. 22, 2020 /PRNewswire/ -- Community Heritage Financial, Inc. ("the Company") (OTC Pink: CMHF) announced today that Todd Snook was elected Vice Chairman of the board during the Friday, October 16, 2020 board meeting. Mr. Snook will replace A. Dennis Remsburg, who held the role since 2016. Mr. Remsburg will remain on the board.
"On behalf of the Board of Directors we would like to thank Mr. Remsburg for his dedication to the company and his service as Vice Chair. He is one of our longest standing Directors and has worked closely with the Board and management to create the strategic success of the organization." said James G. Pierne, Chairman of the Board.
"We are very pleased to have Todd taking on this new role within the board," said Robert "BJ" Goetz, Jr., President and Chief Executive Officer. "His extensive business and leadership experience have been an asset to the Company, and these skills will serve him well as Vice Chair."
Mr. Snook is the President and owner of Valley Storage Co. and related entities. He actively serves the community by sitting on the boards of several non-profit organizations. Throughout his career he has and continues to champion the causes of The Community Foundation of Washington County, The Hagerstown YMCA, Make-A-Wish, and Brooke's House.
"It is a privilege to continue to work with a remarkable group of dedicated individuals," Mr. Snook said. "Since joining the Middletown Valley Bank board in 2013, I continue to be impressed by the team and their dedication to their communities through the growth of the organization."
Community Heritage Financial, Inc. is the parent company for its wholly owned subsidiaries Middletown Valley Bank and Millennium Financial Group, Inc (Mlend). Middletown Valley Bank is a full-service commercial and retail bank with seven locations in Frederick County and Washington County, Maryland, as well as a loan production office in Garrett County, Maryland. For more information, visit http://www.mvbbank.com/ .
Mlend is a full-service mortgage lender headquartered in Middletown, Maryland with locations in Crofton and Oakland, Maryland. For more information visit http://mlend.com/ .
This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by the use of forward- looking terminology such as "believes," "expects," "intends," "may," "will," "should," "anticipates" or similar terminology. Such statements, specifically regarding the Company's intentions regarding transparency, growth and market expansion, are subject to risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, changes in interest rates, stock market liquidity, deposit flows, loan demand and real estate values, as well as changes in economic, competitive, governmental, regulatory, technological and other factors which may affect the Company specifically, its existing and target market areas or the banking industry in general. The realization or occurrence of these risks or uncertainties could cause actual results to differ materially from those addressed in the forward-looking statements.
Community Heritage Financial, Inc.Robert E. (BJ) Goetz, Jr.President & Chief Executive Officer301-371-3055 www.communityheritageinc.com
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SOURCE Community Heritage Financial, Inc.