October 29, 2012


 


 


 


 


Press release -- for immediate release


For additional information please contact


Jeffrey M. Szyperski -- 804-435-4249; 1-800-434-1181


 


 


Chesapeake Financial Shares Declares Tender Offer


 


The Board of Directors of Chesapeake Financial Shares (CFS) approved a tender offer to repurchase up to approximately $1.5 million of company stock at a predetermined price of $18.50 per share.  The offer is for shareholders of record as of October 25, 2012 and must be tendered by the close of business on December 10, 2012.


 


Jeffrey M. Szyperski, Chairman & Chief Executive Officer of CFS, stated, “This is a direct result of our strong profits and our confidence regarding the future direction of our company.  We are in an enviable position of being able to take these actions in a difficult economy.”


 


Chesapeake Financial Shares is the parent company of both Chesapeake Bank and Chesapeake Investment Group.  The company is traded on the OTC Bulletin Board market under the ticker symbol CPKF.


 


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