Leadership & Pay ·
Burke & Herbert Financial Services Corp. entered into a separation agreement with retiring President H. Charles Maddy…
BHRBBurke & Herbert Financial Services Corp.
Burke & Herbert Financial Services Corp. entered into a separation agreement with retiring President H. Charles Maddy, III, effective June 30, 2026. The agreement includes a lump sum cash severance of $558,334.40, a company vehicle valued at $58,400, ten months of COBRA coverage, and accelerated vesting of 6,673.32 performance-based restricted stock units to be delivered by March 15, 2027. Burke & Herbert Financial Services Corp. is a financial services company providing banking and trust services.