Burke & Herbert Bank Welcomes New Chief Credit Officer
Jeffrey A. Welch Joins the Bank Leadership Team
Alexandria, VA, July 22 – Burke & Herbert Bank is pleased to announce that Jeffrey A. Welch has joined the Burke & Herbert Bank team as Senior Vice President and Chief Credit Officer. In this important role, Mr. Welch will oversee the Bank's Credit Underwriting, Loan Review and Special Assets teams, leading the work required to help ensure the continued strong health of the Bank's loan portfolio.
"We are delighted to have Jeff on board" said W. Scott McSween, the Bank's President and Chief Operating Officer. "He brings to us a wealth of experience and expertise in credit and commercial lending and has extensive knowledge about the market in which we do business. We are excited about having Jeff join our leadership team to help us build our lending business and diversify our loan portfolio, both key to our continued success."
Mr. Welch has had a 30+ year career in the financial services industry, most recently working in a risk management consulting role for First Mariner Bank. Prior to that, he served as Chief Credit Officer for Sandy Spring Bank. In addition, he previously held senior credit and lending positions at Commerce Bank, NA (now TD Bank) and SunTrust Bank. The appointment of Jeff Welch as the Bank's Chief Credit Officer follows the appointment earlier this year of Bill Newell as the Bank's Chief Lending Officer. Both senior leaders share the objective of building the asset base of the Bank in a sound and responsible way, serving the lending needs of businesses and business owners throughout Northern Virginia.
Burke & Herbert Bank, established in 1852, is the oldest bank in the Commonwealth of Virginia and the oldest continuously operating bank in the Washington, D.C. area. The Bank offers a full range of personal and business banking products along with trust and wealth management products and services. Burke & Herbert Bank is headquartered in Alexandria and operates 25 branches in Northern Virginia.
Trust and wealth management products and services are not deposits, are not insured by the FDIC or any other government agency, are not guaranteed by the Bank and may lose value.