Company
Chesapeake Financial Shares Inc.
OTCMKTS:CPKF
Chesapeake Financial Shares, Inc. (CPKF) is a financial holding company headquartered in Kilmarnock, Virginia. CPKF began as Lancaster National Bank on April 13, 1900, has a long history and strong ties with the communities it serves. Operations are carried on through two subsidiaries Chesapeake Bank and Chesapeake Wealth Management (CWM). CWM is an independent wealth management firm with trust powers. Additional services under the bank include merchant card processing through its Chesapeake Payment Systems (CPS) program and accounts receivable financing through its Cash Flow (CF) program. Chesapeake Payment Systems offers its services nation-wide while Cash Flow is currently offered in the Eastern half of the Unites States.
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Chesapeake Financial sees 3Q earnings jump 58%, reports robust assets
The Chesapeake Bank and Chesapeake Wealth Management parent company posted earnings of more than $5.9 million
Chesapeake Financial sees 2Q earnings rise to $4.06M thanks to strong asset quality
"Asset quality is as strong as it has ever been as we proceed into potentially tumultuous times," said Chesapeake Bank CEO Jeffrey Szyperski
Chesapeake Financial Shares says Retail Services EVP to retire, reaffirms 2Q dividend in shareholder letter
Hall helped Chesapeake make American Banker’s list of the top 200 community banks for fifteen consecutive years
Chesapeake Financial reports $4.27 million in earnings in 1Q with extremely good asset quality
"Asset quality remains extremely good especially as we slowly come out of the pandemic and related shutdowns," said Chesapeake Bank CEO Jeffrey M Szyperski
Chesapeake Financial reports record earnings for 2021
The company generated earnings of $15,009,514 -- a 27.7% year-over-year increase
Chesapeake Financial Shares and a group of community banks unveil CHUCK, an open network for instant payments
The new network — to be integrated into community banks’ mobile banking apps — will alleviate the need for consumers to move money between apps or log in to their bank account to check their balance just to transfer funds from another appli
Chesapeake Bank plays an essential role in the growth of the communities it serves
CEO Jeffrey M. Szyperski has said the bank is “earnest in our support of our communities, and we feel a certain amount of reciprocity there”
Chesapeake Financial Shares grows earnings on the back of rising assets, lower non-performing loans
At the end of the third quarter ended September 30, 2021, the community bank reported earnings of $3,771,100, an 11.5% increase from the third quarter a year earlier
Chesapeake Financial Shares to pay quarterly dividend of $0.13 by September 15
The Kilmarnock, Virginia-based community bank has been resilient during the pandemic and supported the local community
Chesapeake Financial reports first quarter 2021 earnings of $5,262,879, a 56.3% increase over the first quarter of 2020
The company said the large increases in both net income and total assets over the prior year were largely driven by governmental programs – both the Paycheck Protection Program (PPP) and other Federal stimulus payments
Chesapeake Financial Shares posts record earnings in 2020 thanks to asset growth and strong mortgage market
Last year to end-December, earnings came in at $11,749,391, which was a 3.1% increase compared to 2019
Chesapeake Bank in good standing as it has well-crafted technology to deal with the next round of PPP loans
CEO Jeff Szyperski said the bank embraced a new workflow tool, along with “flexibility, resiliency and teamwork” to process $77 million dollars in the first wave of the Paycheck Protection Program loans
Chesapeake Bank reports 3Q earnings of $3.38M for a 4.8% year-over-year increase
Also, total assets ended the quarter at $1.17 billion, a 24.2% increase since September 30
Chesapeake Bank channels Q2 Holdings’ digital banking platform to enhance its customers' banking experience
The community bank is using best-in-class commercial banking technology to offer mobile-friendly, secure, easy-to-use technology to its business customers
Chesapeake Bank advocates for Main Street as pandemic persists in the US
The community bank has thrown a financial lifeline to existing customers and local small businesses by deferring loan payments
Chesapeake Bank provides faster payments to customers on the Real-Time Payments network
The system enables instant settlement and availability, so that funds can be used or withdrawn as cash within seconds