Cecil Bank enters agreement with feds. Cecil Whig
Posted in the North East Forum
Since: Jul 10
#1 Jul 8, 2010
It looks like a local Elkton bank is in some trouble?
I have heard things about this bank but never thought they were true. Maybe they were up to stuff all along?
Cecil Bancorp Inc., the parent company of Cecil Bank, has reached an agreement with federal and state regulators to increase oversight of the operations of the bank.
The agreement was made after Cecil Bancorp failed to make two scheduled payments to the Troubled Asset Relief Program, or TARP.
According to the agreement announced Friday, the bank has 60 days to craft a plan to increase the board of director's supervision of the bank, strengthen credit risk management and enhance its written lending and credit administration program.
The agreement also prohibits the bank from paying dividends without permission from the Federal Reserve.
Cecil Bank is based in Elkton and has 11 branches in Cecil and Harford counties.
Managers of Cecil Bank were out of town Wednesday and could not be reached for comment.
#2 Oct 24, 2010
Cecil bank is closing its doors November 15, 2010. Charlie Sposato and his little RAT Tina Pennell will find themselfs behind bars following the on-going investigation. Beware of what this so called Bank will do to you and your family. PS Charlie I hope you have a permit for that gun you are carrying. I wanted to let you know that you will need an army to protect your double crossing ass. Skum like you does not belong in Elkton. Go back to your condo in Florida. And have a nice meal on the people that trusted you in Elkton.
May God Bless You!
#3 Oct 24, 2010
Good Morning Charlie Sposato. I wanted to let you know that you have been on my mind. I wanted to let you and your friends William Riddle, and I don't want to leave out Jay Emrey, Keith Baynes, and there are alot of others to mention. I don't want the others to be left out, that there is a group of us local business hard working people that you can not get away with stealing properties and ruining peoples lives. I have a question and I know that you guys may be able to answer. If I can figure out what you all are up to, do you think that others can find out also? In this day and age, we have the capability to access information from the internet, etc.
I can't beleive that you guys think that you are untouchable. I can not wait for the day when I pull up to McDonolds drive thru when one of you ask me if I want to supersize my otrder. Thats if they would even hire you guys.
I will see you guys in court soon. TTFN
#4 Nov 11, 2010
Hi Charlie Sposato and the rat pack at Cecil Bank.
I wanted to give you a thought to remember:
"Evil is only temporary, good will prevail in the end"
Charlie, you worked so hard all of your life to chase the dollar, and destroyed good peoples lives over the years. I hope you believe in God, because when it is your time when you have to answer to him, that is when you will find out the truth. Not that you would agree, but you will find out your fate.
I always believe that a person can change for the better, but I think that it is to late for you.
I truly believe that there are enough people out there whom agree with the things that I noted.
Have a nice day!
#5 Nov 12, 2010
Good day for my friends at the Cecil Bank of Elkton:
How is your day today? I wanted to know how many properties have you stolden this week from local people in this community. I was thinking if I was an employee with the Cecil Bank, what would I say if someone asked me what is your opinion of Cecil Bank and how does the bank help the community and its customers.
I would hope the employee would be truthfull and not to be in denial. The true answer is that "I am scared and I have to look over my shoulder because I do not agree with robbing people that have trusted the institution".
How many homes and properties does Charlie. Mary, Brian, Tina, John, Mark, and Will need?
I am watching you guys. The cat is out of the bag. I thought that you all were smarter then that.
#6 Nov 15, 2010
Hey Frankie...do you know Charlies Best Friend?
Some of us do want to read the serious threads being posted in our community. Signing in under several different names to get your threats aired is ridiculous. Keep it real!
#7 Nov 23, 2010
Cecil Bank wants businesses to fail so they can collect on the property. I imagine they have people to help them process the properties they steal from honest working folks who are just trying to make some money for their family and kids. I am speaking from experience. They lie cheat and steal all in the name of the capitalism's dark underbelly. Words can not express how much distaste and hatred I have for these people.
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