MIDDLETOWN, MD- John A. Scaldara, Jr. has been named Executive Vice President – Finance at Community Heritage Financial, parent company of Middletown Valley Bank (“MVB” or “the Bank”). Scaldara comes to MVB with over 34 years of financial expertise and senior leadership experience in the banking industry, most recently serving as Executive Vice President – Chief Financial Officer at Provident State Bank on Maryland’s Eastern Shore. He will be joining the team at the Bank’s headquarters in Middletown, MD.
Scaldara will transition to the role of Executive Vice President – Chief Financial Officer in the first quarter of 2024. At that time, Robert (Bob) Wolfe will retire from his position as Executive Vice President – Chief Financial Officer. Wolfe has been with the Company since 2019 and has served in his current role since 2020. He retires with over 38 years spent in financial management and accounting.
Scaldara said, “I am excited to be part of MVB’s leadership team. I am impressed by the Bank’s growth and longstanding commitment to its communities. I look forward to helping MVB continue to grow and exceed the expectations of its customers.”
John and his wife live in Howard County, MD, and love spending time with their family, including two newborn grandchildren.
“We are pleased to welcome John to MVB. His vast experience in finance and executive leadership in banking will be invaluable as we continue to move MVB and CHF forward as a company. We also want to thank Bob for his service to our company and helping lead us to this point” said BJ Goetz, MVB’s President and CEO.