WASHINGTON, Sept. 30, 2013 (GLOBE NEWSWIRE) -- Bank of Georgetown, a leading community bank chartered in Washington, D.C., has hired Jeffrey Satterly as senior vice president, government contract lending manager to lead the bank's newly created government contract lending division. Satterly is a veteran of the banking industry with nearly 30 years' experience, most recently with Virginia Commerce Bank where he served as senior vice president and manager of their government contracting lending division.
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"Bank of Georgetown is extending its focus on government contracting, and we are excited to have Jeff leading the initiative," said Mike Fitzgerald, chairman, president and CEO of Bank of Georgetown. "His arrival is the latest sign of our commitment to growth and continued market penetration, and our clients will benefit greatly from our expanded depth in the industry."
"Bank of Georgetown is expanding steadily and organically, particularly within the government contracting sphere; I am thrilled to be part of such a successful company," said Satterly. "Thanks to Bank of Georgetown's well-respected reputation and strong client relationships, I'm now able to reach more of the industry and help local contractors work toward their financial goals."
Early in his career, Satterly served in the U.S. Air Force as an analyst in nuclear missiles and later received an MBA from Washington University in St. Louis. With approximately 30 years' experience as a commercial lender or chief financial officer, his focus has been in asset-based lending and acquisition financing for middle market companies. Throughout his career, Satterly has taught several accounting, finance and commercial banking courses and was an instructor at the Southeastern School of Commercial Lending at Vanderbilt University.
He has also volunteered with numerous charitable/civic organizations. In June 2013, Satterly completed nine years of service on the Board of Directors for Fairfax Court-Appointed Special Advocates (CASA), which provides trained advocates for abused and neglected children in the juvenile court system. He has served as a Board Member of the Potomac Chapter of the Risk Management Association and the Arthritis Foundation of Knoxville, Tenn. He was also a "Big Brother" for Big Brothers Big Sisters of East Tennessee and served on the Allocation Committee for United Way of Knoxville, Tenn.
About Bank of Georgetown
Bank of Georgetown is a client-focused community bank with ten branches throughout Washington, D.C., Montgomery County and Northern Virginia. The Bank has over $880 million in assets and specializes in helping local organizations achieve their financial goals by delivering competitive loan, deposit and cash management products and services. Founded in 2005 by Chairman, President and CEO Mike Fitzgerald and the late Curtin Winsor III, Bank of Georgetown offers unique customer-focused and technologically advanced services in order to maximize the relationship banking experience for its clients. More information is available at www.bankofgeorgetown.com.
