Bank of Virginia Adds Hollar and Bushnell to Board
31 Marzo 2011 - 12:13AM
Jack Zoeller, Chairman of the Board and CEO of Bank of Virginia
(Nasdaq:BOVA) (www.bankofva.com), announced the election of
Hunter R. Hollar and
David C.
Bushnell to the Bank's Board of Directors.
Mr. Hollar, age 62, was elected President of Sandy Spring
Bancorp in 1990, served as Chief Operating Officer until 1994 and
as Chief Executive Officer from 1994 to 2008. During his tenure at
Sandy Spring Bancorp, Mr. Hollar led the growth of the bank from
ten local branches in Montgomery and Howard Counties to over forty
offices and expanded the service area to include Prince Georges,
Anne Arundel and Frederick Counties in Maryland and Fairfax and
Loudoun Counties in Virginia. Following his retirement from Sandy
Spring Bancorp in 2008, he continued to serve as Chairman of the
Board until December 2009. Prior to Sandy Spring
Bancorp, he served as Senior Vice President and Senior Credit
Officer at Dominion Bank of Richmond, VA. He also served a
three-year term as a Director of the Federal Reserve Bank of
Richmond from 2006 to 2008. Mr. Hollar began his banking career in
1972 in Harrisonburg, VA. He earned an MBA from James Madison
University and a BA in Economics from the University of Virginia.
He resides in Singers Glen, VA with his wife Mary Margaret and has
two daughters and one granddaughter.
Mr. Bushnell, age 56, is Managing Director of Bushnell
Consulting, LLC, a financial services consulting firm and a member
of the Board of Directors of RenaissanceRe Holdings Limited, a
global provider of insurance coverage. Mr. Bushnell retired from
Citigroup in December 2007, after 22 years of service. He served as
the Senior Risk Officer of Citigroup from 2003 through 2007 and as
Chief Administrative Officer in 2007. Previously, Mr. Bushnell
worked for Salomon Smith Barney Inc. (later acquired by Citigroup)
and its predecessors in a variety of positions, including as a
Managing Director and Chief Risk Officer. Mr. Bushnell began his
career at BayBanks Inc., a regional bank holding company
headquartered in Boston. He holds a BA in English from Amherst
College. He and his wife, Mary, have two sons and reside in Short
Hills, NJ.
"We are very pleased to have these two highly respected former
banking executives join Bank of Virginia's Board of Directors.
Their expertise in credit management and bank strategy in varying
economic cycles will be invaluable as the Bank moves
forward. Their election reflects our commitment to building
the strongest possible team at Bank of Virginia," said Jack
Zoeller, Chairman and CEO.
About Bank of Virginia Bank of Virginia, a
Virginia state chartered bank headquartered in Midlothian,
Virginia, currently operates five full-service offices in the
counties of Chesterfield and Henrico, Virginia. Bank of Virginia's
common stock is traded on the NASDAQ stock market under the
quotation symbol "BOVA". Additional investor relations information
can be found on the internet at www.bankofva.com. Bank of Virginia
is a member of the FDIC and Equal Housing Lender.
DISCLAIMER
This news release may include forward-looking statements. These
forward-looking statements are based on current expectations that
involve risks, uncertainties and assumptions. Should one or more of
these risks or uncertainties materialize or should underlying
assumptions prove incorrect, actual results may differ materially.
These risks include: changes in business or other market
conditions; the timely development, production and acceptance of
new products and services; the challenge of managing
asset/liability levels; the management of credit risk and interest
rate risk; the difficulty of keeping expense growth at modest
levels while increasing revenues; and other risks detailed from
time to time in the Bank's periodic filings with the Board of
Governors of the Federal Reserve System, including the Bank's
annual report on Form 10-KSB as filed with the Board of Governors
of the Federal Reserve. Pursuant to the Private Securities
Litigation Reform Act of 1995, the Bank does not undertake to
update forward-looking statements contained within this news
release.
CONTACT: Jack Zoeller,
Chairman and CEO, 804-763-1333
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