PRESS RELEASE

FOR IMMEDIATE RELEASE

November 15, 2016 

EAndrews

Colombo Bank Hires Edward Andrews as Controller

Colombo Bank is pleased to announce that Edward Andrews has joined the Bank as Controller. He will be responsible for overseeing and managing the Bank’s accounting operations. Edward will be based out of Colombo Bank’s headquarters at 1600 East Gude Dr., Rockville, MD.

Edward is a veteran of the Maryland Banking industry. He lives in Columbia, MD with his wife and two sons. He is an avid sportsman and traveler.

Colombo Bank is a community bank with assets of $200 Million, and proudly serves the banking needs of the Greater Baltimore and Washington D.C. markets. With Branches in Rockville, Bethesda, Silver Spring, Baltimore, Washington D.C., and a Loan Office in Lutherville-Timonium, Colombo strives to provide exceptional service for Commercial enterprises, Real Estate enterprises, and consumers in the Baltimore-Washington corridor.

For additional information, please visit www.ColomboBank.com

Like Colombo Bank on Facebook at www.facebook.com/colombobank

Colombo Bank is an FDIC Equal Housing Lender.

 

FOR IMMEDIATE RELEASE

August 1, 2016

Colombo Bank Ends Order with Office of the Comptroller

Colombo Bank announced today that the Office of the Comptroller (OCC) terminated their Formal Agreement with the Bank, effective July 26, 2016. The Bank had entered into the Formal Agreement on December 4, 2013.

Gilbert F. Kennedy, III, President and Chief Executive Officer of the Bank, stated, “I am pleased by our complete release from this enforcement action. The dedication from our Board and every employee at Colombo, to build a solid financial institution focused on delivering a great customer experience, has been our cornerstone. My experienced Senior Management Team remains steadfast and intensely focused on enhancing this culture."

Mr. Kennedy added, “Three years ago we lost $3 Million. Last year we returned to profitability. We significantly remediated problem assets, and enhanced our Brand in the Greater Washington and Baltimore Marketplaces. Our capital levels remained strong throughout this Order. I am excited about continuing our journey and further entrenching ourselves in these markets.”

About Colombo Bank: Founded in 1914, Colombo is a full service community banking institution with five branch locations (Rockville, Bethesda, Silver Spring, Baltimore, Washington) and one loan production office (Lutherville).

Additional information is available on the Bank’s website at www.ColomboBank.com.

Colombo Bank is an FDIC Equal Housing Lender.