Chesapeake Financial Shares Announces Sale of Interest in Bearing Insurance Group
On behalf of Chesapeake Financial Shares, Inc. (parent company of both Chesapeake Bank and Chesapeake Wealth Management), Jeffrey M. Szyperski, Chairman of the Board and CEO, announced the sale of its membership interest (held by Chesapeake Bank) in Bearing Insurance Group, LLC to an unaffiliated party, effective May 1, 2026. The Company estimates it will recognize a pre-tax gain of approximately $3.75 million on the transaction and will be...
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