Steven M. Belote Joins 1880 Bank as Chief Financial Officer
Judann Culver Becomes Chief Operations Officer
Steven M. Belote
CAMBRIDGE, MD – July 11, 2016 – 1880 Bank is pleased to announce that Steven M. Belote has been hired as Executive Vice President and Chief Financial Officer. Mr. Belote is a Certified Public Accountant with more than twenty-seven years of experience in public accounting and financial services, and has spent a majority of it as a Chief Financial Officer working with private and publicly traded organizations in Virginia and Maryland.
Mr. Belote began his career in 1988 with BDO Seidman in Washington, D.C. rising to Audit Manager. In 1995, he became Chief Financial Officer for Shore Financial Corporation and Shore Bank and assumed the role of President and CEO in June 2009. Over the past five years, Mr. Belote has served as Chief Financial Officer and Chief Operating Officer of Wheeler Real Estate Investment Trust. He holds a Bachelors of Science from Virginia Polytechnic Institute and State University. Mr. Belote’s community activities include past Treasurer of the Eastern Shore Chamber of Commerce and Eastern Shore Yacht and Country Club, past President and Campaign Chair of the United Way, past President and board member of the Virginia Tech Alumni Association – Eastern Shore Chapter, and past President and Paul Harris Fellow of the Melfa Rotary Club. Mr. Belote is a native of the Eastern Shore of Virginia.
Ms. Culver, formerly CFO, assumes the newly created position of Executive Vice President and Chief Operations Officer. 1880 Bank’s expanding geographic footprint and complexity of its operations created the opportunity to enhance the management of retail, operations, and online functions. Ms. Culver and Mr. Belote will work closely together to strengthen Bank’s finance, operations and service capabilities.
“We are excited to have Steven join 1880 Bank’s executive team with his strategic experience in mergers and acquisitions, financial performance and risk management. Steven is native of the Delmarva Peninsula and has deep community roots in the markets we serve. Judann and Steven are the ideal combination to support 1880 Bank’s plans for future growth in the region”, said Kim C. Liddell, President and CEO of 1880 Bank.
Contact: Kim C. Liddell, Chairman, President and CEO