CFG Community Bank laid off six employees last week in its operations and branch network, the Baltimore-based bank said.
President and CEO A. Gary Rever said the layoffs were the result of a shift in strategy and nothing to do with the financial health of the bank.
CFG has $428 million in assets and earned $7.1 million for the first nine months of this year.
The privately held bank employs 103 workers and has three branches in Baltimore, Lutherville and Annapolis
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