Partners Bancorp in Salisbury, Md., which recently terminated an agreement to sell to OceanFirst Financial, has a new CEO.
The $1.7 billion-asset Partners said in a press release that John Breda succeeded Lloyd Harrison, who remains at the company as a senior executive vice president.
Breda remains president and CEO of Bank of Delmarva, while Harrison is still CEO of Virginia Partners Bank.
“I want to thank Lloyd for his excellent service as the company’s CEO and his leadership following the combination of Virginia Partners Bank and The Bank of Delmarva that created Partners Bancorp,” Jeffrey Turner, the company’s chairman, said in the release.
“The company is very fortunate that Lloyd will continue as a senior executive … focused on our strategic planning process,” Turner added.
Partners and OceanFirst agreed to terminate their planned merger after they were unable to secure regulatory approval.