Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home People

Woodsboro Bank Elevates Key Leaders to Guide Future Growth

byBrianna Wilson
August 26, 2024
in People

In a strategic move to drive continued success and impact, Woodsboro Bank, a community bank in Frederick County, promoted key leaders in the organization. Current executive vice president and chief commercial banking officer, Richard Ohnmacht, will assume the role of president, and Chris Clemons, current senior vice president and commercial banking manager, will step into the role of executive vice president and chief commercial banking officer vacated by Ohnmacht. Steve Heine will remain in the position of CEO.

“We are thrilled to promote Rich and Chris, two outstanding leaders who have contributed significantly to our success and our One Woodsboro culture,” Heine said. “Their promotions are a testament to their hard work, dedication and the positive impact they have had on everyone in our organization and beyond. We are confident that, with them in their new roles, Woodsboro Bank will continue to thrive and remain a cornerstone of our community.”

As president, Ohnmacht will be responsible for the day-to-day oversight of the functions of the commercial banking, retail banking, credit, marketing and human resources teams. Since joining Woodsboro Bank in 2019, Ohnmacht’s efforts have doubled the size of the commercial business with cross functional impact on the bank’s sales and operating models.

“I am honored to step into the role of president at Woodsboro Bank,” Ohnmacht said. “This is an exciting time for our bank, and I am committed to continuing our legacy of excellence and community engagement. I look forward to working closely with our talented team to drive innovative solutions for our clients and the community.”

Clemons, who joined Woodsboro Bank in 2017, has over 20 years of banking experience in commercial lending and credit and has proven himself to be a key member of the commercial team, driving substantial growth over his seven-year tenure.

“Woodsboro Bank has such a strong foundation, and I am eager to contribute to our next chapter of growth,” Clemons said. “I am thrilled to take on this new role and use what I’ve learned throughout my career to support our expanding and dynamic business community.”

Heine will focus on the vision for the bank and the overall organizational management and leadership of the team. Heine’s primary areas will include talent development and management, shareholder and client relations and community engagement in addition to initiatives outlined in the upcoming strategic plan.

Beyond their professional qualifications, Ohnmacht and Clemons have embraced Woodsboro Bank’s dedication to community service. Ohnmacht serves on the Frederick Health Hospital board of directors and is chair of the finance committee, he is a member and treasurer of the Rotary Club of Southern Frederick County, a board member of the Maryland Information Network and a former board member of the ARC of Frederick County.

Clemons is chair of the Frederick Community College Foundation, vice chair for Heritage Frederick and serves on the board of directors for Visit Frederick. He is also a member of the Rotary Club of Frederick and is helping to create the next generation of bankers as an adjunct professor at Mount Saint Mary’s University, where he teaches graduate-level economics and finance courses.

Heine will continue his work in the community as well, taking over as chair of the Frederick County Chamber of Commerce’s board of directors later this fall. He was also recently honored with an appointment to the Maryland Bankers Association’s board of directors.

“We are proud of the strength of our management team,” Natalie McSherry, chair of the board of directors at Woodsboro Bank, said. “With Steve Heine’s continued guidance as CEO, the support of the board of directors and a restructured leadership team, Woodsboro Bank looks forward to a future filled with robust growth driven by the collective expertise and vision of its exceptional team.”

Previous Post

PCB Financial Merges with Northern California Bancorp and its Monterey County Bank

Next Post

Arch Lending Raises $70MM Loan Financing Facility and $5MM Equity Seed Round

Related Posts

Wingspire Capital Provides Over $500MM in Corporate Finance Commitments in H1/25
News

Eversheds Sutherland Welcomes Young as Finance Partner in Texas

March 23, 2026
News

Honigman Continues Chicago Private Equity Expansion with Big Law Partners

March 23, 2026
News

J.P. Morgan Commercial Banking Names New Head of Syndicated Finance

March 20, 2026
News

Associated Bank Names Riegelman as Milwaukee Market President

March 20, 2026
Wingspire Capital Provides Over $500MM in Corporate Finance Commitments in H1/25
News

Barnes & Thornburg Boosts M&A Capabilities with Partners in Atlanta and Chicago

March 20, 2026
News

Cascadia Capital Adds Kahn to its Equity Capital Solutions Team

March 20, 2026
Next Post

Arch Lending Raises $70MM Loan Financing Facility and $5MM Equity Seed Round

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

When Operating Partners and Lender Monitoring Teams Collaborate: The New Value Creation Paradigm

Diverse web developers collaborating about programming project talking about coding algorithm for new cloud computing user interface. team of software engineers running database system code.

byLisa Rafter
February 27, 2026
ShareTweetSend

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
  • Magazine
    • Magazine Issues
    • Nominations
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years