Community Bank of the Chesapeake

Community Bank of the Chesapeake was established in 1950 as the Tri-County Federal Savings and Loan Association. In 1988, the institution underwent a name change to Tri-County Federal Savings Bank of Waldorf and transitioned to a Stock Savings & Loan organization in 1987. The bank rebranded again in 1997, becoming Community Bank of Tri-County, and changed its primary federal regulatory agency to the Federal Reserve System. Shortly thereafter, it became a state-chartered commercial bank. On October 18, 2013, the bank adopted the name Community Bank of the Chesapeake. In 2016, it changed its primary regulatory agency to the Federal Deposit Insurance Corporation (FDIC) and withdrew from membership in the Federal Reserve System. Community Bank of the Chesapeake expanded its operations significantly in 2018 with the acquisition of County First Bank located in La Plata, Maryland. On July 1, 2023, the institution merged with Shore United Bank, N.A., based in Easton, Maryland, marking a new chapter in its history.

Below is a list of some important events in banks history, including mergers and acquisitions.

1950-01-01Institution established. Original name: Tri-County Federal Savings and Loan Association.

1987-04-30Changed Organization Type to Stock Savings & Loan.

1988-05-31Changed Institution Name to Tri-County Federal Savings Bank of Waldorf.

1995-06-30Main Office moved to 3035 Leonardtown Road, Waldorf, MD 20601.

1997-03-31Institution becomes member of the Federal Reserve System.

1997-03-31Changed Chartering Agency to State.

1997-03-31Changed Organization Type to Commercial Bank.

1997-03-31Changed Primary Federal Regulatory Agency to FED.

1997-03-31Changed Institution Name to Community Bank of Tri-County.

2013-10-18Changed Institution Name to Community Bank of the Chesapeake.

2016-04-16Institution withdraws from membership in the Federal Reserve System.

2016-04-16Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2016-04-16Changed Primary Federal Regulatory Agency to FDIC.

2018-01-01Acquired County First Bank in La Plata, MD.

2023-07-01Merged and became part of Shore United Bank, N.a. in Easton, MD.