Community Heritage Financial, Inc. Announces New Member to the Board of Directors

Community Heritage Financial, Inc. (OTCPK: CMHF), the holding company for Middletown Valley Bank, has appointed Kelly Schulz as an independent director to its board and that of the Bank.

Rhea-AI Summary

Community Heritage Financial, Inc. (OTCPK: CMHF), the holding company for Middletown Valley Bank, has appointed Kelly Schulz as an independent director to its board and that of the Bank. Schulz, currently the CEO of the Maryland Tech Council, brings valuable expertise to support the company's sustainable growth strategy. Her background includes serving as Secretary of the Maryland Department of Commerce and the Department of Labor, Licensing, and Regulation, as well as a term in the Maryland House of Delegates.

James G. Pierne, Chairman of the Board, and Robert E. (BJ) Goetz, Jr., President and CEO, expressed enthusiasm about Schulz's appointment, highlighting her commitment to Frederick and Maryland. Community Heritage Financial, Inc. operates through Middletown Valley Bank, serving Maryland and Pennsylvania, and its subsidiary Mlend, a full-service mortgage lender.

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MIDDLETOWN, Md., Aug. 5, 2024 /PRNewswire/ -- Community Heritage Financial, Inc. (the "Company") (OTCPK: CMHF), the holding company for Middletown Valley Bank (the "Bank") today announced the appointment of Kelly Schulz as an independent director to the boards of the Company and the Bank.

"We are delighted to welcome Kelly as a new director," said James G. Pierne, Chairman of the Board for both entities. "Her expertise will provide valuable perspectives as we continue to execute the Company's sustainable growth strategy and deliver long-term shareholder value."

President and Chief Executive Officer Robert E. (BJ) Goetz, Jr. added, "I am excited Kelly is joining the leadership of the Bank. Her commitment to Frederick and the state of Maryland is exemplary and will be invaluable in leading us forward."

Ms. Schulz is currently the Chief Executive Officer of the Maryland Tech Council, the largest technology and life sciences trade association in the state of Maryland. Previously held positions include Secretary of the Maryland Department of Commerce and Secretary of the Maryland Department of Labor, Licensing, and Regulation. She served as a member of the Maryland House of Delegates for four years. Ms. Schulz is a graduate of Hood College.

"I am honored to join the board of directors of such a vibrant and community-focused organization, and I look forward to contributing my leadership skills in support of the Company's mission," Ms. Schulz said.

Community Heritage Financial, Inc. is the parent company of Middletown Valley Bank and its subsidiary, Millennium Financial Group, Inc (Mlend). Middletown Valley Bank is a full-service commercial and retail bank with locations in the Maryland counties of Frederick, Garrett, and Washington, and in Franklin County, Pennsylvania. For more information, visit https://www.mvbbank.com/.

Mlend is a full-service mortgage lender with offices in Middletown, Crofton, and Oakland, Maryland. For more information visit https://www.mlend.com/.

Investor Relations Contact:

Community Heritage Financial, Inc.
Robert E. (BJ) Goetz, Jr.
President & Chief Executive Officer
301-371-3055
www.communityheritageinc.com

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SOURCE Community Heritage Financial, Inc.

FAQ

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Who is the new board member appointed to Community Heritage Financial, Inc. (CMHF)?

Kelly Schulz has been appointed as an independent director to the boards of Community Heritage Financial, Inc. (CMHF) and Middletown Valley Bank on August 5, 2024.

What is Kelly Schulz's current position outside of CMHF?

Kelly Schulz is currently the Chief Executive Officer of the Maryland Tech Council, the largest technology and life sciences trade association in the state of Maryland.

What previous government positions has Kelly Schulz held in Maryland?

Kelly Schulz previously served as Secretary of the Maryland Department of Commerce, Secretary of the Maryland Department of Labor, Licensing, and Regulation, and as a member of the Maryland House of Delegates for four years.

Where does Community Heritage Financial, Inc. (CMHF) operate its banking services?

Community Heritage Financial, Inc. (CMHF) operates Middletown Valley Bank with locations in Frederick, Garrett, and Washington counties in Maryland, and in Franklin County, Pennsylvania.

What subsidiary does Community Heritage Financial, Inc. (CMHF) own in the mortgage sector?

Community Heritage Financial, Inc. (CMHF) owns Millennium Financial Group, Inc (Mlend), a full-service mortgage lender with offices in Middletown, Crofton, and Oakland, Maryland.