ELKTON, MD, December 1, 2017 – The Board of Directors of Cecil Bank, (the “Bank”), appointed Thomas L. Hotchkiss to the position of Executive Vice President and Chief Credit Officer. Mr. Hotchkiss will immediately assume his duties, reporting directly to the President and CEO, Terrie G. Spiro.
Mr. Hotchkiss will have primary responsibility for managing and monitoring all the credit risk activities of the Bank. He will be responsible for ensuring the safe and sound credit underwriting, operations and administration of the Bank’s consumer and commercial loan portfolios.
Upon announcing Mr. Hotchkiss’ appointment, Ms. Spiro commented, “Tom is a proven leader and manager with exceptional expertise and experience in credit risk management. With the recent recapitalization of Cecil Bank and with a 2018 strategic plan that will focus on quality loan growth, having Tom as CB’s CCO will be a perfect complement to the execution of those plans.”
“I am excited for the opportunity to become a part of the permanent management team at Cecil Bank. The advent of new capital brings all new challenges to our organization. We desire to expand and grow the lending function of the bank, integrate into the Cecil and Harford Counties and surrounding communities, while assisting in the creation of prosperity for the community’s citizens.”
Mr. Hotchkiss has over 40 years of experience in commercial finance and executive bank management. He has held numerous lending and credit positions in community banks and large regional banks in the mid-Atlantic region, including Senior Lending Officer, Senior Workout Officer, and Chief Credit Officer. Mr. Hotchkiss has also managed the credit administration function, including board and regulatory reporting, and credit analysis and credit review groups. Mr. Hotchkiss has served as an instructor with the Federal Reserve Bank’s Specialty Lending School, working with Federal, State, FDIC, and international banking regulators on the subject matters of Asset Based Lending and Problem Loan Management in nine Fed districts throughout the United States.
Mr. Hotchkiss is a 1977 graduate of the University of Richmond, E. Claiborne Robins School of Business.
About Cecil Bank
Cecil Bank serves both Cecil and Harford Counties with branches located in downtown Elkton, North East, Crossroads, Rising Sun, Conowingo, Cecilton, Fair Hill, Turkey Point and Havre de Grace. It is a full-service, community bank dedicated to serving the financial needs of consumers and businesses within its market area.
127 North Street • P.O. Box 469 • Elkton, Maryland 21922-0469