Chesapeake Financial Shares, Inc. is a one-bank holding company that was originally chartered in 1900 and is based in Kilmarnock, VA. The holding company operates two subsidiaries, Chesapeake Bank and Chesapeake Investment Group, Inc.
Chesapeake Bank is primarily a lender to small businesses. Personal and business products and services offered include checking, savings, CDs, mortgages, mobile and online banking, e-services comprising an internet branch, and a business cash management program. The Bank currently operates 11 branches; four in the Northern Neck, three in the Middle Peninsula, and four in Williamsburg. The Bank also offers merchant processing services for credit and debit card transactions. A loan production office was opened in Richmond, VA, last year.
Chesapeake Investment Group is an independent wealth managment firm with $300 million in assets. They offer brokerage, trust, and estate management services.