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Burke & Herbert Financial Services Enhances Key Banking Teams

In a strategic move to bolster its commercial banking and deposit growth capabilities, Burke & Herbert Financial Services Corp. (Nasdaq: BHRB) recently introduced a series of pivotal hires. These additions aim to refine the Company's ability to cater effectively to its commercial clientele while creating avenues for future expansion.

David P. Boyle, the Company’s Chair and CEO, emphasized the importance of attracting exceptional talent that resonates with their mission of providing service that surpasses expectations. "We are a relationship-focused firm, and we pride ourselves on our role as trusted advisors to our clients. Our new recruits possess the experience, skills, and intellect needed to drive our clients’ financial success," Boyle noted. This sentiment highlights the organization’s commitment to enhancing its client engagement strategies and operational efficiency.

Two of the new professionals will operate from Burke & Herbert’s recently inaugurated commercial office located in Bethesda, Maryland. Their appointments represent a significant investment in expertise within the commercial banking sector. Daniel Kroll is welcomed as Senior Vice President and Commercial Banking Executive, specifically focusing on commercial real estate. He brings over twelve years of industry experience, with previous stints at Sandy Spring Bank and Eagle Bank. Kroll holds a bachelor’s degree from Arizona State University and a master’s degree from American University.

Joining him is Amar Grover, who has assumed the role of Vice President and Portfolio Manager Team Lead. Grover possesses a robust 15-year background in banking, most recently performing as a Portfolio Manager Team Lead at Sandy Spring Bank. His experience extends to credit and risk management roles with notable banks like BayVanguard Bank and FNB. Grover graduated from Virginia Tech University and completed an MBA at West Virginia University. According to Michael Solomon, Regional President, the combination of innovative financial acumen and dedication to community engagement that Kroll and Grover bring will foster significant growth in their commercial branch.

In addition, Burke & Herbert has appointed Clark A. Snow as Senior Vice President within the Treasury Management Team, reporting to Executive Vice President Alexis Santin. Snow assumes the position of Treasury Management Consultant and Sales Team Lead, bringing nearly 30 years of treasury experience, including prior roles at Sandy Spring Bank and Mercantile Bank. With a bachelor’s degree from Mount Saint Mary's University, Snow’s extensive knowledge will be invaluable in advancing the treasury management advisory team to new heights.

"Clark brings a wealth of knowledge and expertise that will help us continue to deliver overwhelming value to our clients," stated Santin, emphasizing the positive impact Snow's addition will have on their operations.

Founded in 1852, Burke & Herbert Financial Services Corp. serves as the holding company for Burke & Herbert Bank & Trust Company, recognized as the oldest continuously operating bank under its original name in the greater Washington, D.C. area. The bank operates over 75 branches across Delaware, Kentucky, Maryland, Virginia, and West Virginia, offering a comprehensive suite of personal and business financial solutions tailored to meet the needs of its diverse clientele.

As this historically rooted institution continues to expand its prowess in the banking sector, the introduction of high-caliber professionals is likely to enhance service quality and promote sustained growth. The Company has illustrated its proactive approach in an ever-dynamic market, showing that it is well-prepared to navigate future financial landscapes and strengthen its position in the industry. For more information, interested parties can visit Burke & Herbert's Investor page, ensuring a continued relationship with this time-honored banking leader.

Conclusion

The recent enhancements at Burke & Herbert Financial Services Corp. underscore an important chapter in the organization’s progression. By strategically appointing experienced individuals to leadership roles, the Company not only reinforces its commitment to exceptional service but also ensures that it is well-equipped to face future challenges in the financial sector.