CEO of Virginia Partners Bank to Retire

By Amilda Dymi April 17, 2014, 10:11 a.m. EDT 1 Min Read

Community banking

Community Bank of the Chesapeake to Open More Va. Branches

Community Bank of the Chesapeake in Waldorf, Md., plans to continue its expansion into Virginia by opening two branches in Fredericksburg over the next 18 months.

By Evan Nemeroff

February 11

William Young, the founding chief executive officer of Virginia Partners Bank in Fredericksburg, Va., will retire on June 30.

Young will step down after 42 years in the banking industry.

He established the $240 million-asset Virginia Partners Bank in 2007. Today Fredericksburg's hometown bank operates three full-service branches and following plans to open a fourth later this year, according to a company release.

Before opening Virginia Partners Young served as president and CEO of the National Bank of Fredericksburg and held leadership posts at the First National Bank of Maryland and Chemical Bank.

He will be succeeded by the bank's current president and chief operating officer, Lloyd Harrison 3rd.

Amilda Dymi

MORE FROM AMERICAN BANKER

Economy

The economy is looking good for banks in 2025 — but watch out for 2026

Economists say the U.S. economy is leaving 2024 healthy, with unemployment low, inflation manageable and growth robust. Unknown variables — including the depth and scope of President-elect Donald Trump's immigration and tariff policies — could change that course, but likely not until 2026.

By John Heltman

5h ago
M&A

Banner year for CU-bank tie-ups extends with deal in Maryland

Hanscom Federal Credit Union in Massachusetts said it would acquire Peoples Bancorp and its insurance agency. It marked the 21st deal of the year involving a credit union buying a bank.

By Jim Dobbs

December 20
OCC

OCC highlights growing pressures in 'sound' banking system

The OCC's 2024 annual report said that while the federal banking system remains stable, it faces challenges such as rising credit costs, declining net income and increasing nonperforming loans.

By Ebrima Santos Sanneh

December 20
Industry News

BNY expands employee benefits, boosts minimum wage to $25 per hour

BNY announced expanded employee benefits and a boost in its minimum wage for all U.S.-based employees; Synovus has added former FIS executive Greg Montana to its executive board; National Bank Holdings sold off a fifth of its securities portfolio; and more in this week's banking news roundup.

By Editorial Staff

December 20
Payments

Technology, fees and a mega-merger: top payments news of 2024

The Capital One-Discover merger, the war against Visa and Mastercards' swipe fees and budding payment technologies were most popular with American Banker readers in 2024.

By Editorial Staff

December 20
Social media

Banks fleeing X may soon turn to Bluesky

Financial institutions that build a presence on the social media platform could gain a first-mover advantage and a communications channel with potential customers, experts say.

By Keith Button

December 20