United Bank hires Charlottesville market president

Stuart Macfarlane is United Bank‘s new Charlottesville market president.

The Fairfax-based bank announced Macfarlane’s role in late September. As market president, he will oversee commercial and retail production and represent the bank in civic affairs and with professional organizations. The bank’s Charlottesville market has four branches and covers Albemarle, Augusta, Greene and surrounding counties.

“Having both grown up in Charlottesville, my wife and I always knew this was the community in which we wished to raise our children, and I am fortunate to have this opportunity with United Bank,” Macfarlane said in a statement. “What drew me to United was the unique opportunity to build on its strong foundation and well-established brand in the Charlottesville market.”

Macfarlane has 14 years of banking experience. He joined United Bank from Rocky Mount, North Carolina-based First Carolina Bank, where he was the director of commercial real estate banking.

Before that, he was a relationship manager for First Republic Bank in Jackson, Wyoming, where he focused on commercial real estate and high-end residential development. Macfarlane also held roles with Rocky Mountain Bank in Wyoming and Bank of America in Charlotte, North Carolina.

Macfarlane succeeds Robert Wood, who served as both the valley regional president and Charlottesville market president and remains regional president.

“Stuart’s extensive banking experience, paired with his connection to Charlottesville and his commitment to serving the local community, made him the ideal candidate to lead this team and grow United’s presence in the market,” Wood said in a statement.

Macfarlane holds a bachelor’s degree in business administration with a concentration in finance from Elon University and an MBA from the University of Virginia’s Darden School of Business.

Founded in 1839, United Bank is a subsidiary of United Bankshares, which became public in 1987 and has dual headquarters in Charleston, West Virginia, and Washington, D.C. United Bankshares had approximately $32.78 billion in consolidated assets and $26.33 billion in total deposits as of June 30. The bank has more than 240 locations across Virginia, West Virginia, Maryland, North Carolina, South Carolina, Georgia, Ohio, Pennsylvania and Washington, D.C.