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SPY interview on MidShore Commerce with Chesapeake Bank and Trust President Bob Altieri

SPY interview on MidShore Commerce with Chesapeake Bank and Trust President Bob Altieri

March 30, 2024

Chesapeake Bank & Trust President Bob Altieri was recently interviewed by the Chestertown SPY. The chat brought forth some enlightening perspectives on the state of commerce on the mid Eastern Shore of Maryland. As reported by the SPY “Altieri, entering his fourth year as President of the bank, strives to make CB&T (Chesapeake Bank & Trust) more about community relations than banking algorithms while offering a nimbler approach to lending and providing other bank services. This local focus can lead to quicker decision-making and more flexibility in lending, benefiting small businesses and individuals who may not qualify for loans from larger institutions.”

To listen to the interview please visit the SPY online here.

About Chesapeake Bank and Trust

Chesapeake Bank and Trust is a full-service community bank, locally owned and directed by area business and community leaders. The Bank is committed to providing area residents and business owners with a broad range of financial products and an unparalleled level of individual service. Chesapeake Bank and Trust’s main branch is located at 245 High Street, Chestertown, Maryland 21620.

For more information, contact Chesapeake Bank and Trust at 410-778-1600, or e-mail Bob Altieri directly at baltieri@chesapeaketrust.com.

President’s Message: Safe and Sound

To our customers,

In light of the recent news about certain financial institutions, I want you to know that Chesapeake Bank and Trust Company is safe and sound and will continue to maintain its prudent banking principles that have served the community for over 37 years.

One of those principles is the management of our balance sheet. The recent bank failures were due in large part to balance sheet mismanagement. Heavy exposure to interest rate risk left these banks particularly vulnerable to a run. Once the banks were known to be facing solvency issues, word traveled quickly through the venture capital community and deposits fled as quickly as customers could log into their online accounts.

Chesapeake Bank and Trust Company is well-capitalized with a healthy, diversified portfolio of deposits and investments, and we have a strong liquidity position. We have not deviated from our founders’ vision 37 years ago: the safety and soundness of our operations have been and remain our utmost priority.

Rest assured, Chesapeake Bank and Trust is well-positioned to operate business as usual, and will offer the same solid and consistent community banking that you have come to rely on for so many years. Chesapeake Bank and Trust has been built on core assets from a diverse group of long-term business, agricultural, and retail customers. Our deposits have remained very stable in every economic cycle.

We are available for you and welcome the opportunity to answer any questions you may have about your banking needs now and in the future. Please feel free to call me directly at 410.778.1600 or email me at baltieri@chesapeaketrust.com

With warm regards,

Robert A. Altieri
President/CEO Chesapeake Bank & Trust