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Woodsboro Bank expands commercial lending, team

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August 12, 2026

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Woodsboro Bank, a community bank based in Frederick, Maryland, has expanded its commercial lending capabilities through securing an increase to its legal lending limit, alongside promotions to its commercial banking team, according to a press release.

With this increase, the bank aims to support more real estate deals, term loans and lines of credit. It has also appointed Rick Ault to serve as VP of commercial banker and Wendy Gugliuzza as commercial lending assistant.

Other appointments include:

• Austin Pearre as SVP and commercial banking team lead.
• Andrew Griffin as credit analyst.

"These promotions reflect the talent, dedication, and leadership that both Austin and Andrew bring to our commercial banking team every day," Chris Clemons, EVP and chief commercial banking officer, said in the release. "Their expertise and commitment to serving our clients strengthen our ability to deliver exceptional financial solutions, and their growth is a testament to the depth and quality of our commercial banking team. I'm excited to see the continued impact they will have."