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Homegrown Success
Harford Bank

August 2017

Board of Directors Chairman John Karas (left) and Chuck Jacobs, Harford Bank President.

There’s nothing quite like the experience of going home. The comfort of a familiar place and knowing that the people inside truly care about you is so reassuring. It’s that exact feeling of welcome and support which makes Harford Bank so special; and in today’s digital and often impersonal world, it may be why this locally owned and independent entity is not only still in existence, but thriving.

Harford Bank is a locally owned and managed, full service community bank headquartered in Aberdeen, Md. With eight retail branches throughout Harford and Cecil counties, the Bank offers local consumers and businesses a complete array of banking products and services. Because our employees and directors live and work in the communities they serve, Harford Bank also provides significant financial and volunteer support to scores of community and service organizations in northeastern Maryland.

Member FDIC.


Board of Directors:
Tony L. Bennett
Carolyn Wilson Evans
Richard F. Foard, Jr.
Jeffrey W. Foulk
Franklin J. Hajek
Henry S. Holloway
Timothy N. Hopkins
Charles H. Jacobs, Jr.
John S. Karas
Bryan E. Kelly
Stephen K. Nolan
Joan A. Ryder
Wayne Tapscott


Harford Bank was established in 1964 when the residents of Aberdeen decided they wanted a bank staffed by people from the community. Their rationale being, who better would understand the specific financial needs of the area? That philosophy – by the community, for the community – was the foundation for the bank’s success and is proving to be the path to its future, too. And that future is looking decidedly bright lately, since Harford Bank significantly grew its lending portfolio and deposits balances in the past year.

According to Harford Bank President Chuck Jacobs, the recent growth spurt is right on track and was an anticipated part of a Board initiative developed more than two years ago. He says, “The leadership of the bank wanted to help ensure our longevity and stability by broadening the customer base. To achieve that goal we needed more ‘feet on the street,’ so we brought in additional banking professionals to reach out to more folks. Each of those individuals brought their own customers and contacts with them, and many of them liked what we had to offer, so now they are referring business to us, too.”

The addition of Lorrie Schenning, Scott Elliott and Mike Allen to a business development staff that already included Mike Sprouse, Mary Ann Bogarty and the recently retired Scott Krieger, was another carefully

Harford Bank Lending Team (top row left to right): Scott Sturgill, Mike Sprouse, Scott Elliott and Lorrie Schenning and (front row) Mary Ann Bogarty, Chuck Jacobs and Mike Allen.

considered part of the Board’s development plan. As Jacobs tells it, “At Harford Bank we play to our strengths, and our strengths are that we know about banking and we know the people who bank with us. So when seeking to expand our team we chose savvy experts with tenure and experience, but made sure those candidates also had a personal connection with this area. That connection is what makes the difference at Harford Bank, and it’s a big part of the reason why we’re still here when so many other banks have come and gone.”

The new personnel also enabled Harford Bank to provide expanded services including considerably enhanced commercial lending capabilities. The bank’s Board of Directors under the chairmanship of John Karas sees this as a strategic move as well. Jacobs explains, “If we invest in our community, our community grows. With that growth, we get more customers. It’s just common sense.”

Harford Bank’s endurance can also be attributed to what Jacobs calls “conservative practices.” In addition, the bank continually evolves to meet the needs of today’s account holders, offering all the expected modern conveniences and financial services. Still, the bank may not be the right fit for every person. But Jacobs states, “If we can’t provide the service you need, what we WILL provide is a referral to a trustworthy associate who can. We do that because it’s part of being a friend, neighbor and good community member in general.”

That commitment to community extends well beyond the bank walls and practices. The organization is actively engaged in supporting dozens of civic groups, schools, libraries, museums, fire companies, non-profit organizations, and numerous local events. (Visit the Community News section under the Company tab on the Harford Bank website to read about the many ways the bank is giving back.)

In addition to what the bank does as an institution, all employees are also encouraged to volunteer individually. Jacobs notes, “It certainly isn’t a requirement, so call it “corporate culture” or maybe it’s simply following the example set by others, but just about every member of Harford Bank is somehow involved in serving the communities of Harford and Cecil counties. Whether it’s on a board committee or in a Rotary Club; racing for a cure or walking to end domestic violence; building homes or dancing to raise money for an arts center – the Harford Bank staff is always out and about donating their time and talents. Personally, I serve as a financial officer for four different boards and that is down from what it used to be.”

Jacobs is proud of his staff’s dedication to community, and believes it is at the heart of Harford Bank’s latest success story. He concludes, “Companies and individuals can get loans and financial services anywhere, but there’s no place like your hometown bank. Harford Bank cares the way other banks can’t because at the end of the day this is our home too, and we want to be a neighbor you can count on.”  I95 Content Marketing