March 31, 2016
Governor Hogan Appoints Revere Bank Senior Vice President Rick Woo to MEDCO Board
Laurel, Md. (March 31, 2016) — Revere Bank Senior Vice President Rick Woo was appointed to the Maryland Economic Development Corporation (MEDCO) Board of Directors by Governor Larry Hogan and was confirmed by the Maryland Senate on March 7 and sworn in by the county clerk on March 30.
“I’m honored by this opportunity granted to me by Governor Hogan to serve the State of Maryland,” said Woo. “MEDCO serves an important role in helping Maryland businesses, which I experience every day in my role at Revere Bank, and I look forward to helping other business owners throughout Maryland.”
MEDCO was established in 1884 to relieve unemployment, encourage business activity and a balanced economy, help retain and attract business activity, promote economic development and promote the health, safety, right of gainful employment and welfare of residents of Maryland.
As a member of the Board, Woo is responsible for providing guidance to the Executive Director, reviewing the Corporation’s financial status and approving its policies, procedures and potential future.
“Revere Bank is proud of Rick’s appointment, as he is well deserving of this nomination,” said Ken Cook, co-president and CEO of Revere Bank.
“Rick Is a seasoned banker and has valuable experience with Maryland business that will make him a great asset to MEDCO,” added Drew Flott, co-President and CEO of Revere Bank.
Woo will serve a four-year term.
Governor Hogan also nominated: CEO of Merritt Properties Scott Dorsey, General Manager for American Mechanical Services David Schellhardt and Attorney and former Systems Engineer for Lockheed Martin Tehma H. Smith to the MEDCO Board.