Middletown Valley Bank would like to announce James G. Pierne and A. Dennis Remsburg as the new Chairman and Vice Chairman of the board, respectively. Mr. Pierne succeeds James Clapp who has served as a director since January 1992 and Chairman of the Board from 2012 to 2016. Mr. Remsburg succeeds John T. (J.T.) Routzahn,III as Vice Chairman. Routzahn has served as a director of Middletown Valley Bank since January 2002 and Vice Chairman of the Board of Directors from 2012 to 2016. Both Clapp and Routzahn will remain active members of the board. “We are incredibly appreciative of Chairman Clapp and Vice Chairman Routzahn’s service and guidance during the transition that Middletown Valley Bank has gone through over the past several years. We are excited to retain their leadership as directors, as we welcome Jim Pierne and Denny Remsburg in their new roles”, says BJ Goetz, Jr., President & CEO of Middletown Valley Bank.
James G. Pierne has been a director of Middletown Valley Bank since September 2013. Mr. Pierne retired in December 2011 as Executive Vice President of Susquehanna Bancshares, Inc. and President and CEO of Susquehanna Bank headquartered in Lititz, Pennsylvania. Since 2012 he has been an Instructor of Business and Management at Hagerstown Community College. Mr. Pierne is actively involved various community organizations throughout Washington County, serving in numerous leadership roles. His love of the arts and commitment to Washington County has been felt by the entire community.
“I am looking forward to continuing to serve Middletown Valley Bank and the Board of Directors as we continue the momentum in Washington and Frederick Counties, providing Absolutely Exceptional Experiences along the way”, says Pierne.
Goetz, adds “Jim’s experience in the banking industry has proven to be an excellent addition to our board. We’re excited to welcome him in his new role and feel that he will help shape the future of Middletown Valley Bank”.
Dennis Remsburg has served as a director of Middletown Valley Bank since January 1992. Since 2011 he has been the District Manager of Catoctin and Frederick Soil Conservation districts covering Frederick County. Mr. Remsburg has always been involved in agriculture including his time as owner of Remsburg Sales Service. A native of Jefferson, MD, Remsburg is very active in the community. His community focus revolves around Frederick County youth athletics and agriculture services. His background from an early age has been providing countless hours to support the farming community of Frederick County.
“It has been tremendous to see the growth of Middletown Valley Bank over the years and I am excited to continue serving the bank as their new Vice Chairman”, says Denny Remsburg.
“Denny has been involved with our board for over 20 years. His insight into our organization and the surrounding community will continue to provide us with the guidance we seek from our board.” Goetz added.
Alongside the entire board of directors Pierne and Remsburg are responsible for providing guidance as it relates to the strategic direction of the bank while keeping the best interest of customers, employees and shareholders in mind.
Middletown Valley Bank is a full-service community bank headquartered in Middletown, Maryland, and has 6 office locations in Frederick and Washington Counties of Maryland. As of June 30, 2016, Middletown had total assets of approximately $273.7 million, total net loans of $184.4 million, total deposits of $242.0 million, and shareholders’ equity of $25.3 million. For more information, visit www.mvbbank.com.
