Chesapeake Bank and Trust Company

What Chesapeake Bank and Trust Company does

Chesapeake Bank and Trust Company is a privately held Maryland-chartered community bank headquartered at 245 High Street, Chestertown, MD, operating through three physical branches (Main Branch, Washington Avenue Drive-in Branch opened December 2024, and Heron Point Branch). The bank is a wholly owned subsidiary of Chesapeake Bancorp, a holding company formed in May 1991. It serves individuals, small and medium businesses, agricultural enterprises, and real estate investors in Kent County and Queen Anne's County on Maryland's Eastern Shore. The bank was originally chartered on December 15, 1986 when 27 local investors purchased two branches from Maryland National Bank through an oversubscribed $4 million IPO, opening with $33 million in assets; its banking lineage traces back over 130 years to The Second National Bank of Chestertown established in 1890.

The bank offers a full suite of personal and commercial banking products including multiple checking tiers (Special, Regular, Senior Advantage, Money Market, Chesapeake Club premium), savings, money market accounts, certificates of deposit with IRA options, residential mortgages, construction and lot loans, home equity loans/lines, personal/auto/boat loans, business and commercial checking, business savings, lines of credit, term loans, commercial mortgages, SBA 504 loans, investment property loans, and agricultural loans. Digital channels include online banking, a mobile app available on iOS and Android with mobile check deposit, desktop scanner-based remote deposit capture for businesses, Zelle peer-to-peer payments, QuickBooks transaction export, and surcharge-free ATM access through the Allpoint Network (55,000+ ATMs). Merchant services provide payment processing for business clients.

Revenue is generated through traditional community banking mechanics: net interest income on the loan portfolio (residential, commercial, agricultural, SBA, consumer), deposit account fees and service charges, merchant services fees, and remote deposit capture fees. The bank's go-to-market is community-led relationship banking emphasizing local decision-making, quick loan turnaround, and personal service differentiated against larger regional and national institutions. The bank is FDIC-insured (Certificate #26847), Equal Housing Lender, and compliant with CRA, HMDA, and GLBA. It ranked 19th of the top 50 high-performing community banks in the Northeast in 2024 according to Market Intelligence.

Name

Chesapeake Bank and Trust Company

Legal name

Chesapeake Bank and Trust Company

Website

https://chesapeaketrust.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

Chesapeake Bank and Trust Company is a privately held Maryland community bank operating three branches in Chestertown, serving individuals, small businesses, agricultural enterprises, and real estate investors in Kent and Queen Anne's counties with personal, commercial, SBA, and digital banking products.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking services
• Personal banking products
• Business banking lending
• Agricultural lending
• Residential mortgage loans

Headquarters

HQ city

Chestertown

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income on Loans: Traditional banking revenue from interest charged on residential mortgages, commercial loans, agricultural loans, SBA loans, personal loans, and home equity products
2. Deposit Account Fees and Services: Monthly maintenance fees, minimum balance charges, ATM transaction fees, and account service charges across checking, savings, and money market accounts
3. Business Banking Services: Merchant services fees, business checking account charges, remote deposit capture fees, and commercial lending interest

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Chesapeake Bank and Trust Company is a community bank that accepts deposits (checking, savings, money market, CDs/IRAs) and originates loans (residential mortgages, home equity, consumer, commercial, SBA 504, investment property and agricultural) for individuals, small-to-mid businesses, farms and real estate investors in Maryland's Eastern Shore. It delivers these products through three Chestertown branches and digital channels (online/mobile banking, mobile deposit, remote deposit capture, Zelle and the Allpoint ATM network), earning primarily through net interest margin on loans and deposit-related service fees.

Product overview

Chesapeake Bank and Trust Company offers a comprehensive suite of community banking products organized around personal and business banking categories. Personal services include multiple checking account tiers (Special Checking, Regular Checking, Senior Advantage, Money Market Checking, Chesapeake Club Checking), savings options (Special Savings, Money Market Savings, Chesapeake Club Savings), Certificates of Deposit with IRA options, and lending products (Residential Mortgages, Home Equity Loans/Lines of Credit, Personal Loans). Business banking encompasses Business and Commercial Checking accounts, Business Savings and Money Market products, and Business Lending including Lines of Credit, Term Loans, and Commercial Mortgages. Specialized lending includes SBA 504 Loans, Investment Property Loans, and Agricultural loans. Digital banking is delivered through Online and Mobile Banking platforms featuring Mobile Check Deposit, Remote Deposit Capture for businesses, and Merchant Services for payment processing. The bank also provides Allpoint Network surcharge-free ATM access and Zelle peer-to-peer payments integrated into its digital channels.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Personal checking accounts in multiple tiers: Special Checking (no monthly fee with monthly ACH U.S. Treasury/payroll deposit of at least $250, $250 minimum opening deposit), Regular Checking, Senior Advantage Checking (no monthly fee for clients 70+ with monthly direct deposit of pension or Social Security, no minimum balance), Money Market Checking (tiered interest on balances, $1,000 minimum to avoid monthly charge, four fee-free foreign ATM transactions included), and Chesapeake Club Checking (premium tier requiring a $5,000 minimum balance, with unlimited fee-free foreign ATM transactions, complimentary financial plan, $25 annual safe deposit box discount, and free checks and Cashier's Checks). Designed for local individuals and households in Kent and Queen Anne's counties.
• Personal Savings Accounts Personal savings options including Special Savings (with $250 minimum), Money Market Savings offering competitive rates, and Chesapeake Club Savings with premium tiered rates that requires the customer to also hold a Chesapeake Checking Account. Targeted at local individuals and households building savings.
• Certificates of Deposit and IRAs Investment CD accounts with terms ranging from 3 to 60 months, including a penalty-free 11-month CD option allowing one penalty-free withdrawal per term, plus IRA savings plans in CD and Money Market variants for retirement planning. Promotional CD rates include a 6-Month CD at 3.55% APY with a $15,000 minimum to open and a penalty-free 11-month CD at 3.03% APY. For individuals seeking fixed-income deposits and retirement savings.
• Residential Loans Residential mortgage products including conventional residential mortgages, construction loans and lines of credit, lot loans, and home equity loans and lines of credit, supporting home purchases, construction, renovation and refinancing. For local homeowners and buyers in Kent and Queen Anne's counties.
• Home Equity Loans Flexible home equity loan and line of credit options that allow customers to access the equity in their home for financing personal needs such as renovations, major purchases or debt consolidation. For local homeowners.
• Personal Loans Unsecured personal loans used for purposes such as vehicle purchases (auto and boat) or covering unexpected expenses, with personalized navigation assistance from the lending team. For local individuals needing consumer credit.
• Business Checking Accounts Business checking products for local companies including Business Checking for smaller businesses (requires a $600 daily balance) and Commercial Checking for higher-volume customers with credit allowances based on deposit balances. For small-to-mid-sized local businesses.
• Business Savings and Money Market Business savings products including Money Market Savings and Certificates of Deposit that allow businesses to grow their funds with competitive rates. For local businesses seeking to earn yield on operating balances.
• Business Lending Business credit facilities including lines of credit for short-term needs, term loans for fixed purposes, and commercial mortgages for property purchases and improvements. For small-to-mid-sized local businesses.
• Investment Property Loan Tailored property lending solutions for investors expanding rental portfolios or acquiring vacation properties on Maryland's Eastern Shore, providing leverage for investment ambitions. For local real estate investors.
• SBA 504 Loans Small Business Administration 504 loans providing long-term fixed-rate financing for business expansion and modernization. Structure includes a CDC contribution (40%), a bank loan (up to 50%) and a borrower contribution (10%); real estate terms up to 25 years and equipment terms up to 10 years. For small businesses seeking expansion or owner-occupied real estate financing.
• Small Business Lending Small business loans and agricultural lending facilities including working capital lines of credit, equipment financing, expansion loans, commercial vehicle loans, commercial term loans and farm financing tailored to specific business or farm operating needs. For local small businesses and farms.
• Online and Mobile Banking Full-service online and mobile banking platform with 24/7 account viewing, transfers, online bill pay, external transfers, QuickBooks data export, and a PreView pre-login balance feature on the mobile app. Available free to enrolled customers on web and via the iOS and Android mobile apps. For retail and business customers.
• Remote Deposit Capture Electronic check deposit service allowing business customers to scan checks and deposit remotely from their office using a desktop scanner, eliminating the need to visit the branch. Provides unlimited deposits, later cutoff times and 24/7 availability for a low monthly fee. For business customers.
• Merchant Services Payment processing services that enable business customers to accept and process customer payments, simplifying payment acceptance for merchants. For local business customers.
• Allpoint Network Surcharge-Free ATMs Membership in the Allpoint Network providing cardholders with surcharge-free access to over 55,000 ATMs across the U.S. (and Mexico, Canada, Puerto Rico, UK and Australia) at retailers including Rite Aid, CVS, Target, Walgreens, Safeway, Costco, Circle K and Wawa. Automatic with Visa debit cards. For retail customers.
• Zelle Peer-to-Peer Payments Peer-to-peer payment service integrated into online banking and the mobile app, enabling customers to send and receive money directly from their account to enrolled recipients using an email address or U.S. mobile number, typically within minutes. No additional download required and no CB&T fees for Zelle transactions. For retail customers.

Quantifiable outcome

• Ranked 19th out of top 50 high performing community banks in the Northeast

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Allpoint NetworkcoreChannel Partner/ Reseller/ DistributorChesapeake Bank & Trust is a proud member of Allpoint Network, providing customers with access to over 55,000 surcharge-free ATMs nationwide at retailers including Rite Aid, CVS, Target, Walgreens, Safeway, Costco, Circle K, Wawa, and many others.
• Zelle (Early Warning Services)coreTechnology or IntegrationPartnership with Zelle to provide fast and easy way to send and receive money directly from accounts. Customers can enroll through Bill Pay and use email or mobile number to send money to enrolled recipients within minutes.
• FDICcoreOthersMember of FDIC (Federal Deposit Insurance Corporation) providing deposit insurance protection. FDIC Certificate #26847.
• Chesapeake BancorpcoreOthersWholly owned bank holding company formed in May 1991. Many of the Bank's original investors from 1986 remain shareholders in Chesapeake Bancorp.

Scale indicators4 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• The Bank of Delmarva: Community bank headquartered on Maryland's Eastern Shore, offering personal and business deposit, lending, and digital banking products. Comparable footprint and target customer base as Chesapeake Bank and Trust.
• BlueRidge Bank: Mid-Atlantic community bank offering personal and business banking, mortgages, and commercial lending. Comparable in scale and product breadth to Chesapeake Bank and Trust within a similar regional context.
• APGFCU (Aberdeen Proving Ground Federal Credit Union): Maryland-headquartered credit union providing consumer and business deposit and lending services. Competes directly for retail deposits, mortgage, and consumer loan customers in the Eastern Shore / greater Maryland market.
• Shore United Bank: Eastern Shore Maryland community bank serving similar retail, small business, and agricultural customers across the same geographic region. Highly comparable on product mix (deposits, mortgages, business lending) and customer profile.
• EagleBank: Maryland-based community bank focused on commercial and small business banking with personal banking services. Comparable full-service community-bank product set targeting Maryland businesses and consumers.

Broad incumbents

• Truist Financial Corporation: Top-10 US commercial bank with a large Maryland retail and business banking franchise. Offers overlapping deposit, mortgage, and small-business products across the same Eastern Shore geography but as part of a national platform.
• PNC Financial Services: Major US regional bank serving Maryland consumers and businesses with full-service banking. Competes head-to-head with community banks in the region but at scale that allows substantially greater digital and product investment.
• First National Bank of Pennsylvania (FNB): Large regional bank with a substantial Mid-Atlantic branch network including Eastern Shore Maryland. Overlaps with Chesapeake Bank and Trust on consumer and small business banking but at materially greater scale and with broader product capabilities.
• M&T Bank: Large regional commercial bank with deep Maryland presence including Eastern Shore markets. Competes with Chesapeake Bank and Trust for deposits, mortgages, and small-business loans but operates at much greater scale with broader product set.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/chesapeaketrust
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/chesapeake-bancorp

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chesapeake Bank and Trust Company