Bailout Bank Bio: Cecil Bancorp

Feb 3, 2009 | 1 min read | Print Article

Cecil Bancorp, Inc. is the holding company for Cecil Bank (the Bank). The Bank provides commercial banking services to individuals and businesses primarily in Cecil and Harford Counties in northeastern Maryland. It operates branches in Elkton, North East, Rising Sun, Cecilton, Aberdeen, Conowingo, and Havre de Grace, Maryland. The company was founded in 1959 and is based in Elkton, Maryland. In late December 2008 it was announced that Cecil Bancorp received $11.6 million under the Treasury Department’s Capital Purchase Program in exchange for preferred stock and warrants.

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Bailout Bank Bio: Cecil Bancorp


Federal Equity Investment	$11.6 million
Total Revenue	$29.744 million
Net Income	$3.4 million
Number of Employees	92
Corporate Headquarters	Elkton, Maryland
Business Sector	Bank
Officers and Directors	Halsey, Mary, President, Chief Executive Officer, Director Sposato, Charles, Chairman of the Board Other officers and directors
Corporate Website	http://www.cecilfederal.com/
Executive Compensation	Cecil Bancorp