Mlend and Parent Company Middletown Valley Bank Announce New President of Mortgage Sales as Bill Poffenbarger Retires
July 18, 2023
July 17, 2023 – Millennium Financial Group, Inc. (“Mlend”), a wholly-owned mortgage subsidiary of Middletown Valley Bank (the “Bank” or “MVB”), announced today that William (“Bill”) Poffenbarger, Jr., President & CEO of Mlend, will be retiring effective August 1, 2023. Jerry Merrick, currently Vice President of Mortgage Lending for the Western Maryland market has been promoted to Executive Vice President – President of Mortgage Sales for Middletown Valley Bank and Mlend.
“On behalf of the entire company, I would like to thank Bill for his 20 years of success, support, and leadership through the founding and growth of Mlend. We wish him well on his next chapter.” said Robert E. (BJ) Goetz, President and Chief Executive Officer of the Bank. “We would like to congratulate Jerry and welcome him to his new role as Executive Vice President - President of Mortgage Sales for the organization. His many years of experience as a top-performing lender in the mortgage lending industry have him well positioned to support and lead our corporate mortgage team to the next level.”
Bill Poffenbarger commented, “Having started the company over 20 years ago, Mlend has been an incredible journey for me. I am proud of what the team has accomplished, and I look forward to cheering on Jerry and the team from the sidelines.”
Jerry Merrick said, “I am incredibly grateful for the opportunity to lead the mortgage team into the next era. Having been in this industry for many years and a part of the Mlend family for six of those, it is an exciting opportunity for me personally and professionally.”
Middletown Valley Bank, a wholly-owned subsidiary of Community Heritage Financial, Inc., is a full-service commercial and retail bank with locations in the Maryland counties of Frederick, Garrett, and Washington, and in Franklin County, Pennsylvania. For more information, visit http://www.mvbbank.com/.
Mlend, a wholly-owned mortgage subsidiary of Middletown Valley Bank, is a full-service mortgage lender with locations in the Maryland counties of Frederick, Garrett, Anne Arundel, and Washington, and in Franklin County, Pennsylvania. For more information visit http://mlend.com/.
Middletown Valley Bank
Robert E. (BJ) Goetz, Jr.
President & Chief Executive Officer