If one listed the top financial stories on the Eastern Shore so far this year, Cambridge’s 1880 Bank acquisition of Easton Bank a few months ago would lead that category. The purchase of the Talbot County bank founded by Dr. David Hill, by Dorchester County’s former National Bank of Cambridge is seen as a logical move by 1880 to grow sufficiently enough to remain a healthy institution in the world of community banking.
Heading this transition has been Kim Liddell, who was recruited in 2010 to help chart the 130-year-old community bank’s future in the post-recession era. With a career in bank management in the metro Washington DC region for over twenty years, the native North Carolinian talks to the Spy about his unique experience of finding a way forward for 1880, his impressions of a regulatory burdens for small banks in America, and memories of starting as the new kid on the block on the Eastern Shore but with advantage of having the late Mike Menzies, former CEO of Easton Bank and Trust, as a friend and mentor.
This video is approximately ten minutes in length.
Walter Lee Phillips says
I was a Director of First Virginia Banks, Inc. with Barry Fitzpatrick until the merger with BB&T. I knew the name Kim Liddell had a familiar ring to it. I was a good friend of Mike Menzies and am a customer of the 1880 Bank (and BBT). I now live in Oxford. Good to see a First Virginia guy doing so well.
Lee Phillips