President’s Message
Message from Bill Knott, President and CEO
Cecil Bank is 66 years old, serving Cecil County and the surrounding areas. It was formed by local residents to provide financial services to local governments, businesses, and residents. It has the second largest deposit share in Cecil County.
The bank has always focused on understanding its clients’ needs and providing customized solutions to its customers. The bank is proud to be known for its relationship emphasis – knowing its clients and having served generations of the same clients.
Over the last several years, given costs to operate and the increasing demand to stay up-to-date with technology, and after talking with other similar sized banks, banking experts, and technology providers, Cecil Bank’s Board of Directors determined that it would be in the best interest of clients, the community, employees, and its shareholders to seek a larger financial institution which could continue to provide relationship-based banking to current and future generations of our clients, would offer growth opportunities to our employees, and would be a good partner for our community.
In speaking to a number of financial institutions, ENB stood out above other potential acquirers for a number of reasons. First, ENB’s management took the time to share with Cecil Bank’s Board a shared vision statement on how the banks would integrate to serve the Cecil Bank community, clients, and employees in the future. ENB was forthright about its desire to remain independent so as not to put Cecil Bank clients through continual changes. They operate in rural communities and understand the uniqueness that can exist in smaller communities and successfully compete against many of the same competitors as exist in Cecil County. They have numerous products which Cecil Bank does not offer and which Cecil Bank clients will benefit from having. They have recently converted to a new operating technology which will provide Cecil Bank clients with enhancements to their exiting methods of doing business with the bank. As a bank roughly 10 times the size of Cecil Bank, they can continue to invest in technology and provide growth opportunities to our employees. And finally, and perhaps the most important, we have found them to be open and honest in our discussions.
So, Cecil Bank’s Board was very comfortable transferring our 66-year history, our time-tested handling of important financial matters, and the confidence of our clients, communities, and our employees’ careers to ENB.
Greetings from Jeff and Rachel
Board of Directors:
William H. Cole IV, Chairman
J. William Knott, Director
Hope W. Lundt, Director
John J. Lyons, Director
Mark A. Keidel, Director
P. Kent Snodgrass, Director
Thomas L. Vaughan, Director
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Bank Officers:
J. William Knott, President & Chief Executive Officer
David S. Miller, EVP, Chief Credit Officer
R. Lee Whitehead, EVP & Chief Financial Officer
Robin W. Brueckman, SVP & Business Development Officer
Zeljka Preradovic, SVP, Branch Operations and Information Security Officer
Tamara S. Fender, VP & Loan Operations and Credit Administration
V. Guy Abell, VP, BSA Officer & Asst. Controller
Milena Vujnovic, Bank Officer, BSA Coordinator
