Last year Burke & Herbert Bank, Virginia’s oldest bank, expanded outside of Virginia (into Bethesda) for the first time in its 170-year history. The expansion was led by Gaithersburg native and Burke & Herbert Bank senior vice president Michael Solomon, who was recently named to BizJournal’s 40 Under 40 list.
Burke & Herbert Bank announced last summer that it opened a commercial lending office in Bethesda, Maryland, which marked the first time the 170-year old financial institution, headquartered in Alexandria, has operated outside of Virginia. The Bethesda commercial lending office, at 7272 Wisconsin Avenue, is led by Senior Vice President and Relationship Manager Michael Solomon. Solomon, local to the Montgomery County area, brings over a decade of financial experience to this role. He attended Dufief Elementary School, Robert Frost Middle School, and Wootton High School.
On Burke & Herbert Bank’s expansion: “Several factors drove the decision to set up shop in Bethesda,” stated President and CEO David Boyle. “Our strategic vision is to grow the bank and the Bethesda market is rich with dealmakers and real estate companies. This office gives us the opportunity to be closer to them as well as to existing commercial customers based in Maryland. We also are looking to hire more lenders – our formula is to get lenders that live in and know the markets where we operate. Having an office in Bethesda makes it easier to attract this local talent.”
Recent Stories
The City of Gaithersburg will hold its Memorial Day Observance on Thursday, May 30 at Christman Park (304 West Deer Park Road).
Montgomery County Fire and Rescue Services (MCFRS) responded to a collision with entrapment on Tuesday, May 21, in Wheaton-Glenmont.
Montgomery County issued the following news release on Tuesday, May 21:\
Montgomery County is reminding residents in need of computers to make appointments for a free Chromebook computer through the Montgomery Connects program.
Oak Chapel is excited that Priority Partners Managed Care Organization (PPMCO) in partnership with Johns Hopkins HealthCare (JHHC) have selected the Oak Chapel Hub as the location for the first mini-food pantry/mini library in Montgomery County. Please join us for the cupboard unveiling on Saturday, May 18th, at 10 AM (rain or shine). This is scheduled to be an outdoor event. If there is inclement weather, the event will be held in the multi-purpose room of the main church building (Hub distribution location). The cupboard will be fully stocked and ready for the community to take what they need and leave what they can. It is a privilege to be able to continue to serve the 20906 community.
Fighting food insecurity, feeding families.
Free Community Father-Daughter Dance
Fathers and father figures, create unforgettable memories with your daughter at our free community father-daughter dance on June 1st, from 6-8 pm. Hosted outdoors at Olney Baptist Church. This event offers a delightful outdoor experience complete with a DJ spinning tunes, interactive games, a charming photo booth, delicious treats, and exciting raffle prizes. Fathers/father figures and daughters of all ages are warmly welcomed to share in this special evening together. Join us for an evening of joy, laughter, and cherished moments!
In the spirit of giving back to our community, we are partnering with Quest to Feed Montgomery to make a meaningful difference in the lives of those in need. We kindly ask each attendee to bring along a non-perishable food item to donate during the event. Every contribution, no matter how small, will go a long way in supporting families facing food insecurity in our area.
