Nancy Corsiglia to Depart Bank of Virginia; Joseph Pennington Elevated to Chief Financial Officer
12 7월 2011 - 6:27AM
Bank of Virginia (Nasdaq:BOVA) announced the expected departure of
Nancy Corsiglia, Executive Vice President and Chief Financial
Officer, in August 2011 following a transition to her successor,
Joseph Pennington, currently Vice President and Controller of Bank
of Virginia.
"Nancy came to us with a well-earned reputation as a turn-around
CFO," said Jack Zoeller, Chairman and CEO, "and she has indeed put
Bank of Virginia on a far sounder footing. In the last 12 months,
she has significantly upgraded the Bank's financial reporting,
investment and asset liability management and overseen the
transition to her successor, Joseph Pennington. We thank her
for her dedication and contribution, and wish her every success in
her next venture." Ms. Corsiglia will remain an executive vice
president of Cordia Bancorp Inc., the holding company of Bank of
Virginia.
Joseph Pennington, 38, joined Bank of Virginia as Vice President
and Controller on March 1, 2011. He is a Certified Public
Accountant who previously served as Vice President and Controller
at HomeTown Bank in Roanoke, VA and before that in the same
capacity at Essex Bank in Glen Allen, VA. His appointment as
Chief Financial Officer is subject to regulatory approval.
"Joseph is an extremely well-grounded finance professional,"
said Mr. Zoeller, "who has broad experience in Virginia community
banking. In his four months at Bank of Virginia he has proved
an astute financial manager. We are grateful to have him as
part of our team."
About Bank of Virginia
Bank of Virginia, a Virginia state chartered bank headquartered
in Midlothian, Virginia, currently operates four full-service
offices in the counties of Chesterfield and Henrico, Virginia. Bank
of Virginia's common stock is traded on the NASDAQ stock market
under the quotation symbol "BOVA". Additional investor relations
information can be found on the internet at www.bankofva.com. Bank
of Virginia is a member of the FDIC and Equal Housing Lender.
DISCLAIMER
This news release may include forward-looking statements. These
forward-looking statements are based on current expectations that
involve risks, uncertainties and assumptions. Should one or more of
these risks or uncertainties materialize or should underlying
assumptions prove incorrect, actual results may differ materially.
These risks include: changes in business or other market
conditions; the timely development, production and acceptance of
new products and services; the challenge of managing
asset/liability levels; the management of credit risk and interest
rate risk; the difficulty of keeping expense growth at modest
levels while increasing revenues; and other risks detailed from
time to time in the Bank's periodic filings with the Board of
Governors of the Federal Reserve System, including the Bank's
annual report on Form 10-K as filed with the Board of Governors of
the Federal Reserve. Pursuant to the Private Securities Litigation
Reform Act of 1995, the Bank does not undertake to update
forward-looking statements contained within this news release.
CONTACT: Jack Zoeller,
Chairman & CEO, 804-763-1333
Bank OF Virginia (NASDAQ:BOVA)
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