Partners Bancorp announces completion of CEO transition

Partners Bancorp announced that, as planned, John Breda has succeeded Lloyd Harrison, III as Chief Executive Officer of the Company. In addition, the Company announced that Harrison will serve as Senior Executive Vice President of the Company. In these executive roles, Breda and Harrison will work together on the Company’s review of all strategic alternatives available to the Company to enhance returns to shareholders and other special strategic projects. Breda continues to serve as President and Chief Executive Officer of The Bank of Delmarva, and Harrison continues to serve as Chief Executive Officer of Virginia Partners Bank. The CEO Transition was completed in accordance with the terms of Breda’s and Harrison’s employment agreements with the Company, as amended.