KILMARNOCK, Va., May 18, 2015 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Bank of Lancaster and Bay Trust Company, announces that Bank of Lancaster has hired Eric Tusing as Senior Vice President, Senior Commercial Lender. In this role, Mr. Tusing's responsibility will be developing commercial banking relationships in the Richmond region by helping businesses achieve their financial aspirations.
"We are pleased to welcome Eric Tusing to Bank of Lancaster," noted Randal R. Greene. "Eric's commercial banking and leadership experience combined with his ability to contribute to successful growth and development makes him an excellent addition to our ever-expanding commercial lending team as we grow our organization and achieve service excellence for our customers within the Richmond market."
Mr. Tusing joins our highly successful commercial and residential lending team in Richmond – John Powell, Senior Vice President, Commercial Banking Relationship Manager, Emily Lawrence, Treasury Solutions Manager, Gary Hall, Senior Mortgage Loan Originator, and Regina Sobey, Senior Mortgage Loan Originator.
Mr. Tusing joins Bank of Lancaster with more than 13 years of banking experience specializing in commercial lending in the Richmond region. Mr. Tusing most recently served as Vice President in commercial lending with Village Bank.
In accepting this position as Senior Vice President, Senior Commercial Lender, Mr. Tusing stated, "I'm truly excited for the opportunity to work alongside such good people and talented bankers. In a short time, Bank of Lancaster has already established a strong reputation in our growing Richmond community - bringing all the character, talent, and financial strength of an institution founded in 1930. I believe Richmond is poised to become even more of an essential business hub in the Eastern corridor, and I'm looking forward to being a part of that hometown growth with the Bank of Lancaster."
Bank of Lancaster continues to expand its team of seasoned professionals as part of its overall growth strategy for this market. During 2014 Bank of Lancaster grew its total assets by over 17.9% and its loan portfolio by 19%, and is rapidly becoming one of Richmond's newcomer banking success stories.
About Bay Banks of Virginia
Bay Banks of Virginia, Inc. is the bank holding company for Bank of Lancaster and Bay Trust Company. Founded in 1930, Bank of Lancaster is a state-chartered community bank headquartered in Kilmarnock, Virginia. With seven banking offices located throughout the Northern Neck region, a residential lending production office in Middlesex County, and three banking offices in Richmond, Virginia, the bank serves businesses, professionals and consumers with a wide variety of financial services, including retail and commercial banking, investment services, and mortgage banking. Bay Trust Company provides management services for personal and corporate trusts, including estate planning, estate settlement and trust administration.
SOURCE Bank of Lancaster