Community Heritage Financial, Inc. Announces Closing of Acquisition of Millennium Financial Group

MLendCommunity Heritage Financial, Inc. (OTCPink: CMHF), the parent holding company of Middletown Valley Bank, today announced that it has closed on the previously announced acquisition of Millennium Financial Group (Mlend). Mlend will continue as an independent operation under the holding company structure.

Community Heritage Financial, Inc. is headquartered in Middletown Maryland. Its’ wholly-owned subsidiary, Middletown Valley Bank, conducts full service commercial and retail banking services through seven branches located in Frederick and Washington County, Maryland. As of December 31, 2018, Middletown Valley Bank had total assets of approximately $435.6 million, total net loans of $354.1 million, total deposits of $388.5 million, and shareholders’ equity of $44.9 million. For more information, visit

Mlend is a full-service mortgage lender headquartered in Middletown, MD with locations in Crofton, Oakland and Cumberland, MD. For more information visit

This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by the use of forward- looking terminology such as “believes,” “expects,” “intends,” “may,” “will,” “should,” “anticipates” or similar terminology. Such statements, specifically regarding the Company’s intentions regarding transparency, growth and market expansion, are subject to risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, changes in interest rates, stock market liquidity, deposit flows, loan demand and real estate values, as well as changes in economic, competitive, governmental, regulatory, technological and other factors which may affect the Company specifically, its existing and target market areas or the banking industry in general. The realization or occurrence of these risks or uncertainties could cause actual results to differ materially from those addressed in the forward-looking statements.


Robert E. Goetz, Jr.
President and CEO
Community Heritage Financial, Inc.
(301) 371-3055

William Poffenbarger
Millennium Financial Group
(301) 371-8850

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