Timothy Veith Joins Bank as Chief Lending Officer

WASHINGTON, Oct. 6, 2009 - Bank of Georgetown has hired Tim Veith as chief lending officer to oversee the commercial loan portfolio and to supervise the bank’s lending team.

 “Tim is a valuable addition to our team,” said Bank of Georgetown President and CEO Mike Fitzgerald. “He has an impressive background in banking and management and will contribute skills in portfolio management, business development and strategic planning to support the bank’s continued growth and success.”

 As the chief lending officer at the bank’s headquarters in Washington, D.C., Veith will manage and support all lending officers and develop and monitor client relationships.

 “I’m excited to have this opportunity to work with a strong community bank that is well-positioned to support economic development through banking relationships,” Veith said. “Bank of Georgetown has an excellent loan portfolio, and I am eager to work with business owners and organizations to support their business development goals.”

 Veith has more than 20 years of management experience and most recently worked with Branch Banking and Trust (BB&T) Company in Washington, D.C., as a senior vice president, regional banking manager and area executive. Prior to that, he served as president and CEO of Equitable Bank in Wheaton, Md., for 10 years.

 He earned a bachelor’s degree in business administration and finance from the University of Maryland in College Park, Md. Veith also attended the Graduate School of Community Bank Management at the University of Texas in Austin, Texas.

 About Bank of Georgetown

Bank of Georgetown is a Washington, D.C.-chartered community bank with branches in Georgetown, Friendship Heights, Penn Quarter, at Connecticut and L, at Franklin Square, in the Courthouse area of Arlington, Va., and in Bethesda, Md. The bank specializes in helping local organizations with their banking needs by delivering competitive loan, deposit and cash management products and services. All Bank of Georgetown associates are experienced banking professionals dedicated to premier customer service. Founded in 2005 by Chairman Curtin Winsor III and President and CEO Mike Fitzgerald, Bank of Georgetown offers unique customer-focused and technologically advanced services in order to maximize the relationship banking experience for its clients. More information about the bank is available at www.bankofgeorgetown.com.

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