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December 21, 2012
15:04 EDTCRRBCarrollton Bancorp CFO Mark A. Semanie resigns
Mark A. Semanie informed the board of Carrollton of his decision to resign as Carrollton's CFO to pursue other career opportunities. It is anticipated that Semanie will remain employed with Carrollton until January 18, 2013 to assist with the transition of his responsibilities. Semanie was expected to be the CFO of the combined institutions upon completion of the mergers contemplated by the merger agreement. Jefferson has advised Carrollton that it intends to appoint David Borowy, current CFO of Jefferson and Bay Bank, as the interim CFO of the combined institutions until such time as a permanent CFO is identified and appointed. Management of Jefferson has further advised Carrollton that it does not believe that Semanie's resignation will adversely affect the regulatory approval application process.
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