Senior Advisor Steve Heine to Retire from Woodsboro Bank

Former CEO concludes over 8-year tenure that doubled the bank's size and redefined culture

FREDERICK, Md., Sept. 17, 2025 /PRNewswire/ -- Woodsboro Bank today announced that its former President and Chief Executive Officer, Steve Heine, will retire on December 31, 2025, concluding a remarkable eight plus-year tenure marked by record growth, cultural and business model transformation, and deepened community engagement.

Heine joined Woodsboro Bank as CEO in 2017, and under his leadership the bank experienced eight straight years of increasing profitability–more than doubling the size of the bank during his tenure. He also spearheaded the expansion of key product lines, including the introduction of secondary mortgage and treasury management offerings.

While Heine's influence is evident in the bank's financial success, his most significant impact was on its culture and business model. He redefined the organization from the inside out, starting with hiring and empowering key leaders. Five of the seven current members of the Executive Team were brought on by Heine, and their collaborative success has been a driving force behind the bank's unique and transformative culture and business model.

Together with his hand-picked executive team, Heine developed the bank's core values, mission, and vision statements. These foundational principles have guided the bank's operations, shaping how it serves both its clients and the community alike. His dedication to exceptional client service and innovative financial solutions became the cornerstone of the bank's commitment to excellence, ultimately leading to the new tagline: "Community is our business."

Heine's dedication to the community can be felt throughout Frederick County. Woodsboro Bank has provided financial support or volunteer hours to more than 150 local nonprofits and charitable initiatives over the past eight years. A particular focus was placed on education, with the bank providing scholarships for local students and partnering with Hood College to support its students and athletes.

"It's been the greatest privilege of my career to lead Woodsboro Bank for the past eight years," said Heine. "While it's bittersweet to step away from the day-to-day, I know I'm leaving this incredible institution in the hands of the most capable and dedicated Executive Team in the business. I'm honored to continue serving on the bank's Board of Directors, and you will still find me involved in the Frederick County community."

Heine has personally contributed his expertise to several organizations including as President of The Rotary Club of Carroll Creek, Board Chair of The YMCA of Frederick County, The Maryland Bankers Association, and St. Katherine Drexel Catholic Church. He is also a passionate advocate for the Frederick business community through his active leadership in the Frederick County Chamber of Commerce, where he currently chairs the Board of Directors.

"Steve's guidance has been invaluable, and his impact on Woodsboro Bank is impossible to overstate," said Gordon Cooley, Woodsboro Bank Board Chair. "He has not only helped build and sustain a thriving financial institution but has also instilled a culture of genuine community partnership. We are very fortunate to have him remain on the Board of Directors, where his insight and leadership will continue to be a tremendous asset."

Heine's work has been widely recognized through numerous awards, including being the first recipient of the Leadership Frederick County Impact Leader Award in 2023, the Business DoGood-er Award recipient in 2024, and a number of local recognitions for Woodsboro Bank including 5 years as 'Best Bank' in the Frederick News-Post's Best of the Best Awards (among other categories) and 6 years as 'Best Bank' in Frederick Magazine's Best of Frederick.

While Heine's retirement marks the end of an era, his legacy will continue to resonate as the Executive Team and bank colleagues build upon the foundation they established during his tenure, including the cultural mantra "One Woodsboro". One Woodsboro encapsulates the robust culture the team developed that drives daily activities and decision making. Rich Ohnmacht, the bank's President who expanded his role to include CEO in July, will lead the bank forward alongside their seasoned Executive Team. 

"Steve is truly a one-of-a-kind leader; the culture, the performance, and the community-first foundation he built are a testament to his vision," said Rich Ohnmacht, President & CEO, Woodsboro Bank. "It's an honor to be tasked with building on his stellar legacy. The groundwork laid these last 8 years gives us immense confidence as we lead Woodsboro Bank into its next exciting chapter, and we're ready to continue our mission of serving our clients with excellence."

The bank's continuity in leadership and deep roots in the community position Woodsboro Bank for continued success well into the future.

About Woodsboro Bank:
Established in 1899 in response to the growing needs of the community, Woodsboro Bank is a community based bank headquartered in Woodsboro, Maryland. With a vision to be the best bank in Central Maryland, Woodsboro Bank has been serving the people of Frederick County for over 126 years, providing a complete line of consumer and commercial financial products and superb personal customer service, at multiple locations throughout the county. As an organization driven by serving its community with compassion and dedication, the Woodsboro Bank team is committed to understanding how they can make a true difference and move forward, as a community. For more information, visit woodsborobank.com.

SOURCE Woodsboro Bank