Daily News: January 8, 2014

Bay Bank Hires Two New Executives

Bay Bank, FSB announced it hired Larry Pickett as its new chief financial officer and Russ McAtee as its new chief retail banking officer. Pickett will also serve as the CFO for Bay Bancorp, the parent company of the Bank.

Larry Pickett joins the bank with over 30 years of banking and accounting experience and will lead the bank’s Accounting/Finance area. Pickett has served in a number of capacities in the banking industry including as the CFO and chief risk officer for a $3 billion community bank in Maryland. The depth of his experience in banking will add significant strength to the Bay management team. Immediately prior to joining Bay Bank, Pickett served as an executive at Susquehanna Bancshares in Lititz, PA, where he managed its financial planning, profitability and analysis areas. Pickett is a Certified Public Accountant. He will work out of the bank’s corporate headquarters building located in Lutherville, MD.

Russ McAtee joins the bank as the chief retail banking officer, a newly created position, to focus on the consumer segment for the bank. McAtee will be responsible for the bank’s branch system, mortgage operations, financial services department, private banking and marketing. McAtee joins the Bank with over 30 years of banking experience with such firms as Chevy Chase Bank, GE Capital and Michigan National Corporation. Before his appointment by the bank, McAtee served as the chief operation officer for Andrews Federal Credit Union. McAtee will work out of the bank’s Operations Center in Columbia, MD.

“We are very excited to announce these two hires. The addition of these two gentlemen will add significant strength to the bank’s executive management team as we look to build toward the future,” said Kevin B. Cashen, president and CEO. “Larry brings a broad banking background to the chief financial officer position. He has operated in both large and small banks and can bring the best of both of those worlds to Bay. Russ McAtee is joining the bank to add focus to our consumer segments. It is important that we develop a fully integrated consumer experience within the Bank. Consumers’ needs are changing and we must ensure that we are delivering the products and the experience that they are looking for from the Bank.”