CFG Community Bank lays off six

Bank cites a change in strategy

By Eileen Ambrose, The Baltimore Sun

5:01 PM EST, December 5, 2012


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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