Wednesday, February 21, 2024

Chesapeake Bank Ranks in Top 200 Most Profitable Community Banks List


WILLIAMSBURG — 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 #130 in the nation out of approximately 6,000 community banks in the study, according to a press release. This is the 15th consecutive year that Chesapeake has made the ranking of a Top 200 Community Bank. 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%. 

“This is a byproduct of what we do every day,” said Jeff Szyperski, President and CEO of Chesapeake Bank. “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.”

Originally charted as Lancaster National Bank on April 13, 1900, the bank merged with Chesapeake Banking Co. of Lively in 1968 to become Chesapeake National Bank. ‘National’ was dropped in 1994. Headquartered in Kilmarnock, the bank has branches in the Northern Neck, the Middle Peninsula, Williamsburg and Richmond.

Today, Chesapeake Wealth Management offers a host of in-house investment, trust, and fiduciary services with more than $500 million in assets under management, programs that have fueled the bank’s growth to over $1.3 billion in assets, according to the release.

For more information visit the bank’s investor relations site.

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