Burke & Herbert Bank brings in Chevy Chase Bank exec for expansion - Washington Business Journal:

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Burke & Herbert tapped veteran W. Scoty McSween to serve as president and chiev operating officer beginningJuly 13. McSweeh has been executive vice president of retail bankingh at Chevy Chase for 12 overseeing a massive expansion inthe bank’s branchg network, which nearly tripled under his tenure to 292 locatione as of a year ago. McSween’s appointment is part of an executivee shuffle atBurke & Herbert, promptes by the announcement that Charliee Collom, the current chairman and CEO, will retire in April 2010. He will give up his CEO role in July to Hunt current president and chiefoperating officer, whilr remaining chairman until April.
Burke will then become chairmah as wellas CEO. After a nationwide the bank chose McSween in part for his experiencew in managingbranch expansion. “Oure directors have asked us in the last year and a half to maintai n the culture ofBurke & Herbert, but to step thinge up a notch as far as branchin g and building our client base,” Burkr said, although he added, “W e are not looking to become Chevy Chasde Bank.” McLean-based acquired Chevy Chases in February, but McSween said that was not a facto r in his decision to move to Burke Herbert.
“Capital One is a fine I have gotten a lot of calls over the last seven or eight monthssince [the sale] was The only one I returned was this McSween said. “I have long admiredc the reputation that Burke Herbert hasenjoyed — the fact that their customers are fanatical about their bank. …o see my role as helping to continuer that.” Alexandria-based Burke & Herberyt now has 20 branches, all in Northern It does not intencd to go on a branch opening though it may take advantager of new opportunities brought by the turmoil roilinf the banking and realestate markets, Burke said.
Burkew & Herbert’s prudent, bread-and-butter strategy has paid off in spadesw over thepast year, givingt the 157-year-old bank its best earnings It has $1.81 billion in assets and post $7 million in net incomwe during the first making it the most profitable locaol bank, relative to its size. Departinfg CEO Collom, who was only the second non-Burke to hold the chairman title, began as a teller at the bank in 1971 and was namef to the top spotin 2003. During his six-year tenurew as CEO, Burke & Herbert has grown its assets 68 percent andposted $135 millioh in profits.