Congressional Bank Announces Craig Underhill as President of Community Banking Division

BETHESDA, Md.--(BUSINESS WIRE)--Congressional Bank is excited to announce the hiring of Craig Underhill as President of the Community Banking Division, a newly created position. Prior to joining Congressional Bank, Underhill served as President and Chief Executive Officer for Freedom Bank of Virginia where he tripled the bank’s asset size during his 8-year tenure. Additionally, Craig has held leadership positions with Potomac Bank, Allfirst Bank, Central Fidelity, and Dominion Bank over a 30 plus year career in banking.

“Congressional Bank is a trusted leader in the DC area operating in Maryland, Virginia, and the District of Columbia. I am happy joining this team to grow in our footprint through the community banking division. As President, I look forward most to shaping our strategic activities, meeting and listening to clients, and working with really smart staff members. I have joined Congressional Bank in an expansion program that includes increasing capital to support loan growth allowing us to satisfy opportunities created by the sale of other local banks to larger institutions. It’s an exciting time to be at Congressional Bank,” said Craig Underhill.

Don Cole, Chief Executive Officer adds, “The Board and I are very excited to add Craig to our highly talented and experienced leadership team at Congressional. Craig will contribute significant strategic focus to our community banking activities across the metropolitan area. His long track record as a successful leader, lender and business partner will allow us to attract and expertly service new lending and deposit clients as well as to grow our talented team of banking professionals.”

About Congressional Bank: Congressional Bank (www.congressionalbank.com), headquartered in Bethesda, Maryland, services the Washington, D.C. metro region from its network of branches in Maryland, Virginia, and the District of Columbia. Its Community Bank Division provides real estate loans, mortgage loans and other business loans as well as sophisticated and competitive deposit products to businesses and individuals. Its Healthcare and Specialty Lending Divisions provide nationwide lending products including customized real estate loans and lines of credit. Its Alliance Partners asset management subsidiary is an asset manager and lender focused on serving financial institutions by optimizing their asset strategies. Alliance Partners is the asset manager for BancAlliance, a network of over 250 community banks across the United States, with total assets under management of over $1.6 billion.

As of September 30, 2019, the Bank’s balance sheet included $1.1 billion in assets and $144 million in capital.

Craig Underhill is at our Democracy headquarters and can be reached at [phone] or at [e-mail]