April 19, 2010

Veteran banking pair heads to Monument Bank

April 19, 2010 (Bethesda, Md.) – A seasoned banking duo is leading the charge as Monument Bank plans to branch out into another market in Montgomery County. Monument Bank, a Maryland-chartered community bank based in Bethesda, announces today that longtime banking partners Lawrence J. Bolton and Deborah J. Keller have joined Monument as development officers in preparation for the bank opening its second location. Pending regulatory approval, the business-focused bank plans to open a branch in Silver Spring at 8602 Georgia Ave., situated at the intersection of Georgia Avenue and Colesville Road, in mid-May. The bank currently has one branch, in Bethesda, near its administrative office.

Bolton is now a Senior Vice President and Area Business Development Officer for Monument in the Silver Spring market, while Keller serves as a Vice President, Branch Manager and Business Development Officer in that same market.

“We are extremely pleased to welcome Larry and Debbie to Monument’s development team,” says H.L. Ward, the bank’s President and CEO. “The banking landscape in Silver Spring is quite competitive, and for our new location to succeed in that market, we need veteran professionals running this office. We have found those people in Larry and Debbie. They have decades of experience in Silver Spring and consistently set the standard in customer service.”

Bolton’s more than 40 years in banking includes 25 years in the Silver Spring market; all of Keller’s more than 30 years in the industry have come in that geographic area. For the past 24 years, the two have worked together at various banks, most recently at Bethesda-based EagleBank, where Bolton was a Senior Vice President and Regional Sales Manager for the Silver Spring market and Keller was a Vice President, Branch Manager and Business Development Officer, also in Silver Spring. The pair also previously worked together at Allegiance Bank of Maryland, Suburban Bank of Maryland, First Union Bank and First American Bank.

In their new roles at Monument, Bolton and Keller will serve high net worth individuals and small and medium-sized businesses in a wide variety of industries, including accountants, attorneys, doctors and other professional-service firms.

“We’re very excited to call Monument Bank our new home,” Keller says. “Growing a branch in Silver Spring is a challenge that we eagerly accept, and we know that this office can flourish, because the personal service that we provide to customers is second to none.”

As the Silver Spring office gets up and running, Bolton and Keller will hire an assistant branch manager and teller, with other hires likely to come further down the road. Monument Bank is in an expansion mode this year. The bank recently doubled the amount of administrative space it occupies in Bethesda and looks to add at least 10 people, and possibly between 16 and 18, to its current staff of 32 employees.

“Monument is a growing community bank that is all about providing excellent service to its customers,” Bolton says. “Debbie and I look forward to opening this new branch in the near term. Our customers will always have two people to go to when doing business with us. That really sets us apart.”

About Monument Bank:

Monument Bank, founded in 2005, is a privately held, Maryland-chartered community bank based in Bethesda. Relying on quality service and state-of-the-art technology, the bank currently has one branch, also in Bethesda, and a work force of 32 people. Monument’s board of directors consists of business owners and senior executives from companies in the Washington, D.C., area across various industries, such as banking, finance, professional services, and real estate. For more information, please visit: MonumentBank.com

Media Contact: Neil Adler of D*MNGOOD®. 202-683-8975 office. 410-499-5004 cell. neil.adler@dmngood.com

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