COLUMBIA, Md., Jan. 27 /PRNewswire-FirstCall/ -- Columbia Bancorp
(Nasdaq: CBMD), parent company of The Columbia Bank, announced today the
election of John M. Bond, Jr. as Chairman and CEO of the Company and its
subsidiary, The Columbia Bank, effective as of its regularly scheduled Annual
Meeting on May 25, 2004. Mr. Bond has served as President and CEO of both
Companies since their founding sixteen years ago.
In a companion move, John A. Scaldara, Jr. was named President and Chief
Operating Officer of both Companies effective immediately. Mr. Scaldara was
also elected a director of each Company. Mr. Scaldara, who has previously
served as the Company's Chief Financial Officer, will continue in that role
for an interim transition period.
"The management realignment is in response to the strong growth of the
Company, and its plan to continue that growth while responding to future
opportunities," said current Chairman, Winfield M. Kelly, Jr. After the
changes, Mr. Kelly will serve as Vice Chairman of the Boards for both
Companies and will be designated as their Lead Independent Director.
Columbia Bancorp, headquartered in Columbia, Maryland, is a bank holding
company and parent company of The Columbia Bank, a commercial bank. The
Columbia Bank currently operates twenty-four banking offices in the
Baltimore/Washington Corridor and provides a full range of financial services
to consumers and businesses. Columbia Bancorp's Common Stock is traded on the
National Market tier of The Nasdaq Stock Market(SM) under the symbol "CBMD."
SOURCE Columbia Bancorp
 back to top
Related links:
http://www.columbank.com
Company News On-Call:
http://www.prnewswire.com/comp/127921.html
CONTACT:
John A. Scaldara, Jr., EVP and CFO, Columbia
Bancorp, +1-410-423-8012
|
