Mid­dle­ton named Wal­dorf bank’s board chair­man

Maryland Independent - - Business -

Com­mu­nity Bank of the Ch­e­sa­peake and the Com­mu­nity Fi­nan­cial Cor­po­ra­tion, head­quar­tered in Wal­dorf, has named Michael L. Mid­dle­ton chair­man of the board. Mid­dle­ton has been the or­ga­ni­za­tion’s CEO for over 30 years, shap­ing and sup­port­ing the bank through his lead­er­ship, ideas and knowl­edge, ac­cord­ing to a press re­lease. Mid­dle­ton will con­tinue to be in­volved in the over­all di­rec­tion and strate­gic plan­ning of the com­pany.

“On be­half of ev­ery­one at Com­mu­nity Bank of the Ch­e­sa­peake, we are grate­ful for Mr. Mid­dle­ton’s decades of lead­er­ship and com­mit­ment,” said Wil­liam Pasenelli, the bank’s new CEO. “It has been an honor to work with him over the years and see his ded­i­ca­tion push this bank to ex­cel and ex­ceed the ex­pec­ta­tions we strive for ev­ery day. Mr. Mid­dle­ton’s ex­pan­sive knowl­edge and ex­pe­ri­ence will help sup­port the bank as he con­tin­ues to over­see its strat­egy and vi­sion.”

Com­mu­nity Bank of the Ch­e­sa­peake was founded in 1950 by Leo Mid­dle­ton and a group of com­mu­nity busi­ness­men. Michael Mid­dle­ton fol­lowed in his fa­ther’s foot­steps, join­ing Com­mu­nity Bank in 1973 and was pro­moted to pres­i­dent and CEO in 1979. In 2014, he be­came ex­ec­u­tive chair­man of the board, where he served un­til June 30 of this year.

Mid­dle­ton is in­volved in many or­ga­ni­za­tions through­out the bank’s com­mu­ni­ties, in­clud­ing serv­ing on the Ad­vi­sory Board of the Uni­ver­sity of Mary­land’s Robert H. Smith School of Business Cen­ter for Fi­nan­cial Pol­icy and the Amer­i­can Bankers As­so­ci­a­tion Gov­ern­ment Re­la­tions Coun­cil Ad­min­is­tra­tive Com­mit­tee.

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