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TowneBank announces three promotions
TowneBank has promoted two presidents to new roles and appointed a president for its new region, the Suffolk-based bank announced Monday. Robin Cooke now serves as the president of retail banking. She was formerly president of the bank’s Portsmouth/Suffolk region, a role that C. Ross Morgan will fill in addition to maintaining his current role […]
Members only
Credit unions in Virginia would like to grow their membership, but a rule change relaxing the state’s policy is not in the cards this spring. This year’s short General Assembly session — in an election year with a split legislature — makes it harder to pass bills with any controversial elements, and any major expansion […]
State’s oldest bank to trade on Nasdaq
In 1858, the Mount Vernon Ladies’ Association bought George Washington’s former home, seeking to preserve the historic estate for a country on the brink of civil war. A key player in this transaction was Alexandria-based Burke & Herbert Bank & Trust Co., which also protected the association’s assets during the Civil War. Now, the 171-year-old […]
THOMAS HASTY
Although Virginia has had notable Black banking leaders — including Maggie Walker at the start of the 20th century — it’s still a business that has not had a lot of African American representation in the C-suite. In 1999, after working for BB&T, Hasty took control of his fate and became a co-founder of Suffolk-based […]
Atlantic Union Bank names CIO
Matt Linderman is Atlantic Union Bank‘s new chief information officer, the bank’s Richmond-based holding company, Atlantic Union Bankshares Corp., announced Friday. Linderman was previously the chief technology officer of PNC Financial Services Group Inc. Prior to that, he was PNC’s senior vice president of data center and cloud products. “Matt is an accomplished IT executive [[...]
TowneBank completes Farmers Bank acquisition
Suffolk-based TowneBank has completed its acquisition of Windsor-headquartered Farmers Bankshares Inc., the parent company of Farmers Bank, TowneBank announced Tuesday. The $56 million deal created a combined company worth $17.5 billion in total assets, loans of $10.9 billion and $14.5 billion. It adds Isle of Wight and Southampton counties to TowneBank’s service area, as well […]
Atlantic Union transferring stock listing to NYSE
Atlantic Union Bankshares Corp., the Richmond-based holding company for Atlantic Union Bank, announced Friday it is transferring the listing of its common stock and depositary shares from the Nasdaq to the New York Stock Exchange. The bank‘s first day of trading on the NYSE is Jan. 18. “We are excited to join the NYSE alongside […]
TowneBank promotes HR chief to COO
TowneBank has promoted R. Lee Clark from chief human resources officer to chief operating officer, the Suffolk-based bank announced Thursday. In this role, Clark will continue to oversee human resources and will be responsible for bank operations. He’ll also become a member of the corporate management team. “Throughout his career at TowneBank, Lee has led […]
Burke & Herbert Bank holding company elects new chair
Burke & Herbert Financial Services Corp. announced that President and CEO David P. Boyle will be chair of the board effective Jan. 1, 2023, the Alexandria-based holding company for Burke & Herbert Bank & Trust Co. announced Friday. Boyle joined the bank in 2019 and has been a bank director since 2020. He succeeds E. […]
U.Va. credit union names new COO
The University of Virginia Community Credit Union in Charlottesville has named Belinda Tucker as chief operating officer, the institution announced Monday. Tucker will report directly to Susan Gruber, the credit union’s president and CEO. In her new role, Tucker will support the credit union’s marketing, retail delivery strategy, loan servicing operations member service center and [&he[...]
Chesapeake Bank CFO appointed COO
Chesapeake Financial Shares Inc. has appointed its chief financial officer, Rebecca Andrick “Becky” Foster, to the additional post of chief operating officer, the Kilmarnock-based parent company of Chesapeake Bank and Chesapeake Wealth Management announced Monday. Foster, who has has been with the company for 27 years, has been its senior vice president and chief financial […]
TowneBank president and COO retiring
TowneBank President and Chief Operating Officer Brad E. Schwartz will retire on Dec. 31, the Suffolk-based bank announced Wednesday. Schwartz will also step down as a director when his current term expires at the 2023 annual shareholder meeting. He will serve as a senior adviser through 2025 to assist with the transition. “Our Towne family […]
