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March 28, 2015 7:17 AM ET

Banks

Company Overview of Virginia Partners Bank

Company Overview

Virginia Partners Bank provides personal and business banking services. The company’s personal banking products and services include free checking, partners checking, partners interest checking, partners money market checking, and partners Now accounts; statement savings and young investors savings accounts; traditional and IRA certificates of deposit; personal loans and lines, partners line of credit, home equity loans, auto loans, and residential mortgage lending services; safe deposit boxes; and online banking. Its business banking services include free checking, analysis checking, interest checking, and money market checking; non-personal statement savings; commercial loans, such as line...

410 William Street

Fredericksburg, VA 22401

United States

Founded in 2008

Phone:

540-899-0005

Fax:

540-899-3788

Key Executives for Virginia Partners Bank

Chief Executive Officer, President and Director
Chief Administrative Officer and Senior Vice President
Executive Vice President, Senior Loan Officer and Director
Executive Vice President of Maryland Partners Bank Division
Senior Vice President and Cashier
Compensation as of Fiscal Year 2014.

Virginia Partners Bank Key Developments

Virginia Partners Bank Announces Executive Appointments

Virginia Partners Bank announced the addition of two experienced lenders to its commercial banking teams. Kevin A. Fastabend joins Virginia Partners Bank as Senior Vice President and will be based in Virginia Partners Bank's Fredericksburg office. He was with Virginia Commerce Bank/United Bank since 2006. Beth Abbott joins Maryland Partners Bank (a division of Virginia Partners Bank) as Vice President. She will join the commercial banking team in La Plata, MD.

Virginia Partners Mulls Acquisitions

Virginia Partners Bank is looking for acquisitions. Virginia Partners Bank has commenced an offering of up to 0.5 million shares of its common stock at an offering price of $10.75 per share and intends to use the net proceeds from the offering to support its lending, deposit taking and investment activities, to support growth and expansion, including expansion in Southern Maryland, to maintain regulatory capital ratios at levels higher than those currently required by its federal and state banking regulators, to fund opportunistic acquisitions that may be identified and for general corporate purposes.

Virginia Partners Bank Announces Executive Changes

William B. Young, head of Virginia Partners Bank and an active community member, has announced his retirement, effective June 30, 2014. Mr. Young has served as the founding Chief Executive Officer for Virginia Partners Bank since the Fredericksburg-area financial institution was established in 2007. Mr. Young will be succeeded by Mr. Lloyd B. Harrison, III, who presently serves as President and Chief Operating Officer of Virginia Partners Bank.

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