FREDERICK, MD--(Marketwire - Sep 7, 2011) - BlueRidge Bank, a commercial bank based in Frederick, announced today plans to open a new full-service branch in downtown Towson to serve the Baltimore metropolitan area. The first floor corner location in The Nottingham Centre at 502 Washington Avenue (at Allegheny and Washington Avenues) has undergone a complete renovation and is scheduled to open on Monday, September 12.
The Baltimore banking team, headed by industry veterans Tim Daly as executive vice president, Hugh Robinson as senior vice president, and Mary Ellen Barthelme as vice president, will move from its current office and operate in the hub location along with branch manager Steve Emerick, in addition to other personnel.
"We established BlueRidge Bank in Frederick in 2008 to provide our customers with a relationship-based approach that fully meets their banking needs. Our success in the Frederick community has proven to us that customers appreciate this way of doing business," said J. Brian Gaeng, president and chief executive officer of BlueRidge Bank. "We're excited to open the new Towson full-service branch because we believe customers in the Baltimore area deserve the same attention and level of service. Tim, Hugh, Mary Ellen and Steve are experienced banking professionals who understand the community they serve and share the BlueRidge Bank relationship banking philosophy. Their leadership will continue to provide a strong foundation for success in serving the Baltimore community."
In addition to commercial banking services, the full-service branch will offer a full range of traditional deposit and loan products, including residential mortgage loans, as well as safe deposit boxes, an automated teller machine, and a night depository. There will also be dedicated onsite surface parking for customers.
"The new Towson full-service branch will be another milestone in BlueRidge Bank's growth," said Tim Daly, executive vice president of BlueRidge Bank in Towson. "This strategic expansion is consistent with the relationship banking philosophy that BlueRidge Bank successfully implemented, first in Frederick and then in our initial commercial banking office in Towson. As the Baltimore County seat and business center, Towson is an excellent location to serve customers throughout the Baltimore area. I look forward to broadening our reach and assisting retail customers as well as commercial clients in achieving their unique financial goals."
Established in April 2008, BlueRidge Bank is an FDIC-insured Maryland state-chartered commercial bank headquartered in Frederick. Since its opening, BlueRidge Bank has experienced continued growth and has assets of nearly $140 million, while maintaining its well-capitalized status. The Bank provides a wide range of commercial loan solutions, including working capital lines of credit, equipment term loans, owner-occupied real estate loans for expansion or refinance, as well as merger and acquisition financing. The Bank also offers state-of-the-art corporate cash management and online banking and bill pay, along with a full suite of deposit products, including checking, savings, money market, certificates of deposit and sweep accounts. Additionally, the Bank offers valuable services such as remote deposit capture that allows customers to make check deposits from the convenience of their own office using a bank-provided check scanning machine and their internet connection.
To contact the Baltimore branch, call 410-324-4300 or email Tim Daly at tim.daly@blueridgebk.com.
About BlueRidge Bank
BlueRidge Bank is an independent, locally focused and managed community bank headquartered in Frederick, Maryland. The Bank concentrates on meeting the banking needs of local businesses and their owners and employees, not-for-profit organizations and professionals. The Bank's lending emphasis is on commercial loans and lines of credit, as well as owner-occupied commercial real estate loans. BlueRidge Bank offers a full suite of deposit products, including checking, savings, money market, certificates of deposit, IRAs and sweep accounts, as well as services such as online banking and bill pay, commercial cash management and remote deposit capture. The Bank is a Maryland state-chartered commercial bank and is FDIC insured. For more information, call 301-620-BLUE (2583); toll-free 1-866-539-9410. (www.blueridgebk.com)