Kevin B. Cashen, president and CEO of Lutherville-based Bay Bancorp Inc., stepped down from his leadership roles last Friday, according to a U.S. Securities and Exchange Commission filing.
Bay Bank’s predecessor, Bay National Bank, shuttered in the summer of 2010 amid regulator scrutiny, reopening its two branches as the newly formed Bay Bank shortly thereafter. Cashen was its inaugural CEO.
Bay Bank’s executive chairman, Joseph J. Thomas, will succeed Cashen as chairman, president and CEO, as appointed by the bank’s board of directors, according to the bank’s SEC filing.
During Cashen’s tenure, Bay Bank took over Carrollton Bank in a $25 million deal in April 2012; it also assumed responsibility for Bel Air-based Slavie Federal Savings Bank after it was closed in this summer.
Cashen served as senior vice president for Signet Bank for 10 years before becoming president of the Consumer Finance Corp. in 1995. In 2001, Cashen became senior vice president of the former Chevy Chase Bank. He left that spot after nearly nine years, helming Bay Bank the following July.
Cashen is currently “Contemplating the Future” at Home, his LinkedIn profile says.