CFG Community Bank, a locally owned and operated community bank, recently appointed William C. Wiedel, Jr. as its new president and CEO. Wiedel has been with the bank since 2012 as its executive vice president and chief financial officer.
With over 37 years of banking and accounting experience, Wiedel has a broad range of financial expertise, including acting as CFO of multiple public community banks, CFO of a mortgage subsidiary, and vice president and divisional controller of a regional bank.
At his previous position at CFG Community Bank, Wiedel led the recent effort to raise $40 million in debt offerings. In addition, he managed an effort to restructure and cut $2 million in expenses to return the core bank to profitability, improved liquidity management which generated improved earnings, oversaw an effort to install an asset liability management system and led a project team to upgrade online banking and implement a mobile-banking product.
Wiedel also served as senior vice president and CFO of the Patapsco Bank. In this role, he quadrupled the size of the investment portfolio necessitated by low loan demand as well as designed a money market promotion that doubled the product’s balance. He also served as senior vice president and manager of Financial Planning and Analysis for Provident Bank of Maryland, senior vice president and CFO of Provident Mortgage Corporation and manager at Ernst and Young.
“I am very excited for my new role at CFG Community Bank. We have an entrepreneurial culture in a highly regulated environment. I’m looking to encourage this entrepreneurial spirit while fully respecting the bank regulations. We have considerable lending capacity and are growing our local lending team to take full advantage,” remarked Wiedel.
“Bill was the natural choice as our new president and CEO,” said Jack Dwyer, sole owner of CFG Community Bank. “He successfully led two debt offerings totaling $75 million and his expertise producing the best solutions to help clients and our team be the most profitable and efficient is unparalleled. Combined with his incredible banking and accounting background and knack for problem solving, we are excited to have him in this new role as our bank continues to grow.”
Wiedel is a graduate of Loyola College, where he earned both his M.B.A (Sellinger School of Business) and B.A. in Accounting. He most recently served on the Board of Directors, Executive Committee and Treasurer for Athletes Serving Athletes as well as the former Chairman of the Finance Committee for Our Lady of Grace School and participant in Big Brothers.
Wiedel, a resident of Lutherville, is an avid music buff and enjoys tennis, golf and biking.
About CFG Community Bank
CFG Community Bank provides commercial, personal, and online banking solutions to the Mid-Atlantic business community and national healthcare market. Locally owned and operated, the bank dates back to 1927 when La Corona Building and Loan Association, Inc., was formed to meet the financial needs of Highlandtown and East Baltimore residents. Though the name has changed since 1927, CFG Community Bank prides itself on delivering big-bank capabilities and expertise with relationship-driven community bank service. The bank is headquartered in Baltimore, Maryland, with branches in Lutherville/Towson, Annapolis and Baltimore City.