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Veronica Garabelli// June 15, 2016//
Eastern Virginia Bankshares Inc. – the parent company of EVB bank – said Wednesday it is relocating its headquarters to Innsbrook business park in Glen Allen.
The company expects to move to10900 Nuckols Road in Innsbrook in early fall, but EVB’s main bank office will remain in Tappahannock.
Eastern Virginia Bankshares President and CEO Joe A. Shearin said in statement members of the company’s executive leadership team currently are remotely located in various locations.
“This relocation will allow us to integrate key corporate departments in one location, which we believe will increase collaboration and productivity, while gaining operating efficiencies throughout the company,” he said. “Our new headquarters will also provide us the space and flexibility needed to continue to grow and reach new customers.”
Eastern Virginia Bankshares had assets of $1.3 billion as of March 31. Through EVB, the company operates 24 branches, two drive-in facilities and one loan production office in Eastern and Central Virginia.
