Chesapeake Financial Shares Announces Sale of Interest in Bearing Insurance Group

KILMARNOCK, VA / ACCESS Newswire / May 13, 2026 / 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.