Commercial Banking Center Moves to New Bethesda Location
Alexandria, VA – Burke & Herbert Bank is pleased to announce the promotion of Michael Solomon to the role of Regional President over the Maryland and Delaware markets. This promotion coincides with the Bank’s strategic expansion, including the establishment of a Commercial Banking Center in Bethesda, MD.
Solomon, who has been serving as Senior Vice President and Relationship Manager on the Bank’s Commercial Real Estate lending team, will bring his extensive expertise and client-centric approach to his new leadership position. Solomon has over a decade of experience in financial services, with a focus on commercial real estate. He has successfully managed relationships and investments across various commercial properties, including retail, lodging, multi-family, office, self-storage, and industrial spaces.
At Burke & Herbert Bank, Solomon has made significant contributions to the commercial real estate division. He has led origination and asset management functions for commercial lending across Maryland, solidifying the bank’s presence in these regions. Solomon has also been the Bank’s top loan producer since 2021. Additionally, he has overseen asset management and business development for the largest loan book in the bank, driving growth and enhancing client relationships.
“Michael’s promotion is a testament to his outstanding performance and the strong relationships he has built with our clients,” said Brad Ritchie, Chief Lending Officer of Burke & Herbert Bank. “We are confident that under his leadership, our commercial lending division will continue to thrive and deliver exceptional value to our clients.”
Before joining Burke & Herbert Bank, Solomon was a Co-Founder of Southside Capital, a hedge fund focused on investments in the financial services and real estate sectors. He has also held investment banking roles at Credit Suisse and SunTrust Bank. In 2017, Solomon was appointed to the role of Senior Advisor at the GSA’s Public Building Service. He also holds an undergraduate degree from Emory University in Atlanta, GA, and a graduate degree from Georgetown University in Washington, DC. Solomon is a native of the Washington, DC area and currently resides in Bethesda, Maryland.
In addition to Solomon’s promotion, Burke & Herbert Bank is excited to announce the signing of a new lease at 7815 Woodmont Avenue in Bethesda, MD. The new office, set to open in summer 2024, will be home to the Maryland Commercial Lending team. Initially, this office will exclusively handle loan production and commercial lending; no traditional banking services will be available at this location. These developments reflect Burke & Herbert Bank’s ongoing commitment to growth and excellence in serving the commercial real estate market, enhancing the bank’s ability to meet the needs of its clients and strengthening its presence in the region.
Burke & Herbert Financial Services Corp. is the financial holding company for Burke & Herbert Bank & Trust Company. Burke & Herbert Bank & Trust Company is the oldest continuously operating bank under its original name headquartered in the greater Washington, D.C., metropolitan area. With over 75 branches across Delaware, Kentucky, Maryland, Virginia, and West Virginia, Burke & Herbert Bank & Trust Company offers a full range of business and personal financial solutions designed to meet customers’ banking, borrowing, and investment needs. Learn more at www.burkeandherbertbank.com.
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