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Suffolk-based TowneBank continued to lead Hampton Roads with the largest market share in fiscal 2022, 25.67%, according to the Federal Deposit Insurance Corp.’s June 30, 2022, report. However, that figure declined from fiscal 2021, when the bank held a 27.49% market share. Meanwhile, Charlotte, North Carolina-based Truist Bank is threatening to close in on that […]
Finance | Insurance 2023: FRANK LUCIA
Since 2017, Lucia has led Delta Dental of Virginia, one of the state’s largest dental benefits carriers, with about 350 employees and $766 million in revenue, and its holding company, Corvesta. Previously, he was president and CEO of Dean Health Plan and worked in finance for Cigna and WR Grace. Lucia has been involved with […]
Finance | Insurance 2023: PAUL B. MANNING
Known for their philanthropy, Manning and his wife, Diane, donated $100 million in January to the University of Virginia to create the Paul and Diane Manning Institute of Biotechnology, which will focus on research into new medical treatments like cellular and gene therapies, nanotechnology and immunotherapy. Manning has said he hopes the institute will lead […]
Finance | Insurance 2023: TOM RYAN
Ryan’s business philosophy is simple: “Take great care of your team and they’ll take care of our [customers], and the business will take care of itself.” Ryan joined Langley Federal in 2012 after more than 20 years with Massachusetts-based Digital Federal Credit Union, where he was executive vice president and chief operating officer. With more […]
Finance | Insurance 2023: JOSEPH W. ‘JOE’ MONTGOMERY
It’s coming up on Montgomery’s 50th anniversary of working at Optimal Service Group of Wells Fargo Advisors, a wealth management firm with about $28 billion in funds under advisement. A former All-American captain of William & Mary’s football team, Montgomery was inducted this year into the Virginia Sports Hall of Fame. When he wasn’t chosen […]
Finance | Insurance 2023: EVELYN LEE
Lee has worked in banking for more than 23 years, and she couldn’t be happier to have found her place overseeing the Greater Washington, D.C., region at Truist. “I wanted to be financially independent, and I wanted variety,” she says. “Every day is different, and I work with people I admire and learn from.” A […]
Finance | Insurance 2023: BYRON BOSTON
A St. Louis native who was the first person in his family to graduate from college, Boston says he’s learned a lot, having “lived my life outside of my comfort zone since the age of 18.” After earning his degree from Dartmouth College, he received an MBA from the University of Chicago Booth School of […]
Finance | Insurance 2023: MARY McDUFFIE
This year marks the 90th birthday of Navy Federal, the world’s largest credit union. As a leader focused on helping others thrive, McDuffie sees this milestone as an occasion to celebrate the credit union’s dedication to its members, writing on LinkedIn, “I’m thankful every day to be part of an organization that puts its people […]
Finance | Insurance 2023: NIGEL MORRIS
Morris plans to be “extremely disciplined” in coming months after a tough year for venture capital, he told TechCrunch in May. But his fintech investment company “remains intensely focused on building lasting, durable businesses.” Morris co-founded Capital One Financial in the early 1990s with Richard Fairbank, who remains the credit card giant’s chairman and CEO. […]
Finance | Insurance 2023: JOHN C. ASBURY
Discovering an affinity for banking during a summer job while still in college, Asbury began his 30-year-plus career as a commercial credit officer at Wachovia Bank & Trust. He would serve in a variety of executive roles, including as president and CEO at New Mexico’s First National Bank of Santa Fe, before landing in his […]
Finance | Insurance 2023: LAWRENCE ‘LARRY’ BERNERT III
From his first job installing toilets at Portsmouth Naval Hospital to becoming principal and portfolio manager at Wilbanks, Smith & Thomas Asset Management, Bernert says his career has been informed by his ability to listen and consider different perspectives. The University of Virginia Darden School of Business MBA grad is a chartered financial analyst who […]
Finance | Insurance 2023: MARK A. FRANTZ
Blue Delta Capital Partners is an equity firm dedicated to supporting growth-stage companies providing technology solutions to the federal government. Since co-founding the firm in 2009, Frantz has guided it in creating three funds, including a $215 million investment fund launched in December 2021. The newest fund offers $10 million to $50 million to qualified […]
