KILMARNOCK, Va., April 30, 2014 /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 John Powell as Senior Vice President, Commercial Banking Relationship Manager. In this role, Mr. Powell will report directly to F. Arnold Blackmon III, President of the Richmond Region, and will serve as a member of Bank of Lancaster's Richmond executive leadership team. Mr. Powell's responsibility will be developing commercial banking relationships in the Richmond region by helping businesses achieve their financial aspirations.
"We are pleased to welcome John Powell to Bank of Lancaster," noted Arnold Blackmon. "The depth and diversity of John's commercial banking experience will provide a critical strategic perspective as we work to grow our organization and achieve service excellence for our customers within the Richmond market. "
In accepting this position as Senior Vice President, Commercial Banking Relationship Manager, Mr. Powell stated, "Bank of Lancaster is a strong and well-known community bank throughout the markets it serves. There is unlimited potential for growth and I look forward to working with Arnold, executive management, and the entire Bank of Lancaster team to ensure that the organization continues on the path of realizing its full potential."
Mr. Powell joins Bank of Lancaster with more than 20 years of banking experience. Specializing in commercial and industrial lending, he has been serving the Richmond market for over 13 years. Mr. Powell most recently served as Business Banker with Union First Market.
Bank of Lancaster continues to expand its team of seasoned professionals as part of its overall growth strategy for this market.
About Bay Banks of Virginia
Bay Banks of Virginia, Inc.is the bank holding company for Bank of Lancaster and Bay Trust Company. Bank of Lancaster is a state-chartered community bank headquartered in Kilmarnock, Virginia. With eight banking offices located throughout the Northern Neck region, a residential lending production office in Middlesex County, and a new loan production office 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 as well as financial planning, investment services, management of IRAs and other investment accounts.
SOURCE Bay Banks of Virginia, Inc.