RICHMOND, Va., June 16, 2017 /PRNewswire/ -- One of Richmond's premier commercial developers has been appointed to a new board position by VCB Financial Group. Already a member of the bank's board of directors and Chairman of the Richmond Community Board, Randy Reynolds, Jr. will now serve as a board member of the VCB Financial Group.
"Randy Reynolds' business and community leadership gives our recently formed VCB Financial Group, a Trust and Wealth Management organization, a competitive advantage in the regions we serve," said Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group. "His focus will be to expand Virginia Commonwealth Banks' financial offerings to a broader customer base."
Reynolds is a principal of Reynolds Development, a full-service commercial real estate company specializing in commercial real estate and property management. Established in 2000, the family-owned and operated business was formed following the sale of Reynolds Metals. "Richmond is my home, but I want our bank to positively impact the economies of the entire region as well as the personal wealth of its residents," says Reynolds. "Having local management for timely decisions and support is why VCB Financial Group is a ground-floor opportunity for long-term growth."
VCB Financial Group is led by Eric Nost, who joined the company earlier this year as President and CEO. Nost stated, "Randy Reynolds has proven to be a tremendous asset to Virginia Commonwealth Bank's Board of Directors and we look forward to his insights and leadership to our team. Our mission is to be the region's most valued economic engine for financial growth, and I'm delighted to have Randy's support."
About Bay Banks of Virginia
Bay Banks of Virginia, Inc., is the bank holding company for Virginia Commonwealth Bank and VCB Financial Group. Founded in the 1930s, Virginia Commonwealth Bank and the former Bank of Lancaster are now combined and headquartered in Richmond, Va. With 19 banking offices located throughout the Richmond market area; the Northern Neck region; the Tri-Cities area of Petersburg, Hopewell, and Colonial Heights; Middlesex County and Suffolk, the bank serves businesses, professionals and consumers with a wide variety of financial services, including retail and commercial banking, investment services, and mortgage banking. VCB Financial Group provides management services for personal and corporate trusts, including estate planning, estate settlement, and trust administration.
For further information, contact Randal R. Greene, President and Chief Executive Officer, at 800-435-1140 or firstname.lastname@example.org.
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SOURCE Bay Banks of Virginia, Inc.