Fredericksburg bank expanding into Maryland
Fredericksburg-based Virginia Partners Bank is expanding into Southern Maryland.
The bank has opened a loan production office in La Plata, Md., the county seat of Charles County, and plans to open a full-service branch later this year.
The company will operate in Maryland as “Maryland Partners Bank (a division of Virginia Partners Bank)”.
The bank has hired B. Scot Ebron as executive vice president to head its Maryland operations.
Before joining Virginia Partners Bank, Ebron was the market executive for PNC Bank in southern Maryland. He also served in executive management of Mercantile Southern Maryland Bank.
Virginia Partners Bank has identified Southern Maryland as a strategic focus for the future because its management is familiar with the area. Lloyd B. Harrison, the bank’s president and COO, was president and CEO of Mercantile Southern Maryland Bank before it merged with PNC Bank.
Virginia Partners Bank, founded in 2008, had $209 million in assets at the end of the third quarter of 2012. It operates three full-service branches in Fredericksburg.