Virginia Commonwealth Bank Welcomes Del Ward as Senior Vice President, Commercial Banking

RICHMOND, Va., April 18, 2017 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank (formerly Bank of Lancaster) and Bay Trust Company, announces that Virginia Commonwealth Bank has hired Del Ward as Senior Vice President, Commercial Banking. In this role, Mr. Ward's responsibility will be developing commercial banking relationships in the Richmond region by helping businesses achieve their financial aspirations.  

"We are pleased to welcome Del to Virginia Commonwealth Bank," noted Greene. "Del's extensive experience in commercial banking and leadership roles 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. Ward joins Virginia Commonwealth Bank with more than 29 years of banking experience specializing in both retail and commercial banking in the Richmond region. Mr. Ward most recently served as Senior Vice President in commercial banking with Village Bank after spending over nine years with First Capital Bank.  

In accepting this position as Senior Vice President, Commercial Banking, Mr. Ward stated, "I really look forward to helping the newly combined banks build a strong Richmond presence for small business owners. Only a truly committed community bank can meet the needs of small business owners by empowering its bankers and having the flexibility of being able to tailor its products and services and VCB is that bank. I am glad to be working with experienced local bankers that understand what it takes to serve the small business customer."

Virginia Commonwealth Bank continues to expand its team of seasoned professionals in the Richmond market. During 2016, Bank of Lancaster grew its total assets by over 18.8% and its loan portfolio by 18.9%, and is rapidly becoming a bank of choice in the Richmond market proven by the vote of RTD's "Best Bank in Richmond" Award.

About Bay Banks of Virginia  
Bay Banks of Virginia, Inc. is the bank holding company for Virginia Commonwealth Bank and Bay Trust Company. Founded in the 1930's, Virginia Commonwealth Bank and formerly Bank of Lancaster, are now combined and headquartered in Richmond, Virginia. With nineteen banking offices located throughout the Richmond market area, the Northern Neck region, 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. Bay Trust Company 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 inquiries@baybanks.com. 

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SOURCE Bay Banks of Virginia, Inc.