CBM Bancorp Inc (CBMB)

Overview

CBM Bancorp, Inc. operates as the holding entity for the Chesapeake Bank of Maryland, providing a comprehensive suite of financial services tailored for both individual and business clientele. Established in 1913, the company is headquartered in Baltimore, Maryland, with a primary office located in Baltimore County and three additional branch locations in Arbutus, Bel Air, and Pasadena, Maryland. CBM Bancorp is committed to offering a variety of banking solutions aimed at meeting the diverse financial needs of its customers.

Products and Services

• Deposit Products

  CBM Bancorp offers a range of deposit products to suit various savings needs. This includes traditional savings accounts designed for everyday use, money market accounts for those seeking competitive interest rates with limited transaction capabilities, and certificates of deposit (CDs) that provide higher interest returns for fixed terms. Additionally, retirement accounts are available to help customers save for their futures.

• Checking Services

  The institution provides checking account options tailored for both small businesses and corporate entities, ensuring that clients have access to versatile banking facilities for their everyday financial transactions, fund management, and operational needs.

• Residential and Commercial Loans

  CBM Bancorp has an extensive loan portfolio that includes financing solutions for one-to-four-family residential properties, supporting homebuyers and those looking to refinance. It also offers loans for nonresidential real estate projects as well as dedicated financing for construction and land development initiatives.

• Home Equity Loans and Lines of Credit

  Customers can leverage their home equity through specialized loans and credit lines, providing them with access to funds for various purposes, including home renovations, education, or major purchases, all while taking advantage of potentially lower interest rates.

• Commercial Loans

  CBM Bancorp caters to the business community by offering commercial loan options that support growth, expansion, and operational needs, addressing the financial demands of diverse business enterprises.

• Consumer Loans

  The bank also provides consumer loans for personal finance needs, enabling customers to obtain funds for auto purchases, vacations, or other personal expenses with flexible repayment options.

• Securities Investment

  In addition to traditional banking services, CBM Bancorp invests in a variety of securities, offering its clients opportunities to diversify their financial portfolios and potentially enhance their returns.

• Online and Mobile Banking Services

  To meet the needs of today's digital-savvy customers, the institution provides modern conveniences such as online and mobile banking services, allowing clients to manage their accounts, transfer funds, and pay bills anytime and anywhere.

• Mortgage Services

  Lastly, CBM Bancorp assists customers in navigating the mortgage process, offering tailored mortgage solutions that align with their housing needs and financial goals.