Middletown Valley Bank Opening Waynesboro, PA Branch

For Immediate Release

9/2/2020 – Middletown Valley Bank (“the Bank”), a wholly-owned subsidiary of Community Heritage Financial, Inc., is proud to announce plans to open a full-service branch with drive-up ATM at 11337 Buchanan Trail East in Waynesboro, PA.  This will be the Bank’s eighth full-service branch location, and the first outside the state of Maryland.  The new branch is expected to open in mid-2021.

John Blubaugh, Vice President - Commercial Market Leader, and Julie Sellers, Portfolio Manager, both Waynesboro natives, recently joined the Bank’s Commercial Services Department.  Their existing ties to the community have allowed the Bank to begin cultivating relationships within the community.

 “At Middletown Valley Bank, we believe that building strong, lasting relationships with our customers is integral to growing shareholder value and stimulating economic growth for our communities,” said Robert “BJ” Goetz, Jr, President and Chief Executive Officer. “John and Julie are tremendous additions to the Middletown Valley Bank team, and we are excited for them to bring the Absolutely Exceptional Experience to Waynesboro.  Over the course of the past few years, we have focused on building and growing relationships in Franklin County, and the addition of a full-service branch is the next step in that commitment.”

Middletown Valley Bank provides personal, business and mortgage banking services, with the cornerstone of their brand built on providing Absolutely Exceptional Experiences to their customers and communities, one experience at a time.  Originating in Middletown, Maryland in 1908, the Bank operates seven full-service branches and one loan production office in the Maryland counties of Frederick, Washington, and Garrett. 

Community Heritage Financial, Inc. is the parent company for its wholly owned subsidiaries, Middletown Valley Bank and Millennium Financial Group, Inc. (Mlend) Middletown Valley Bank is a full-service commercial and retail bank with locations in the Maryland counties of Frederick, Garrett and Washington. For more information, visit www.communityheritageinc.com or www.mvbbank.com.

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 & Chief Executive Officer
Community Heritage Financial, Inc. / Middletown Valley Bank
(301) 371-3055

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