Community banking

Xenith Elects Chairman of the Board of Directors

By Amilda Dymi May 07, 2014, 2:44 p.m. EDT 1 Min Read

M&A

Xenith to Buy Colonial Virginia Bank

Xenith Bankshares (XBKS) in Richmond, Va., has agreed to buy Colonial Virginia Bank in Gloucester, Va.

By Paul Davis

March 21
Community banking

Xenith Chairman Malcolm McDonald to Retire

Xenith Bankshares (XBKS) in Richmond, Va., disclosed that Malcolm McDonald will retire as chairman at the end of his current term.

By Sarah Todd

January 23

Xenith Bankshares (XBKS) in Richmond, Va., has named Thomas Snead Jr. chairman.

Snead has served on the board of Xenith since May 2013, the $680 million-asset company said in a press release. He is a retiree who served as president and chief executive officer of the Southeastern region of Wellpoint Inc., a managed care and health insurance company, from 2004 to 2006. He also was the president of Anthem Southeast, a subsidiary of Anthem Inc., and chairman and CEO of Trigon Healthcare.

Currently Snead also serves on the board of directors of Tredegar Corp. (TG) and CSA Medical, Inc., a privately held medical device company, as well as several community organizations, including the Virginia Commonwealth University School of Business School Foundation.

Snead replaces Malcolm McDonald, who retired on May 1 after serving as chairman since December 2009.

Xenith's goals are to become more profitable and expand in the region, McDonald said in the release.

For reprint and licensing requests for this article, click here.

Community banking

MORE FROM AMERICAN BANKER

Election 2024

What's at stake for bankers in the 2024 election

Analysts are watching both Vice President Kamala Harris and former President Donald Trump for potential regulatory picks, as well as how strongly Trump advocates for policies like tariffs and deportations that could impact the economy, inflation and bankers' prospects.

By Claire Williams

1h ago
Politics and policy

'We lean optimistic': Bankers hope election outcome will boost loan growth

Leaders at financial institutions said borrower demand should pick back up, if slowly, following Tuesday's vote.

By Catherine Leffert

November 4
Payments

How one industry group is challenging the CFPB's BNPL rule

The Consumer Financial Protection Bureau will soon have to defend its interpretive buy now/pay later rule in court following an industry advocacy group lawsuit. Here's what's at stake.

By Joey Pizzolato

November 4
Election 2024

Election could mean new leaders for key Congressional committees

Potential new Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, has suggested a potential workaround to offset the cost of extending the Tax Cuts and Jobs Act.

By Caitlin Devitt

November 4
Customer experience

'Like qualitative research without having to pay': A bank's guide to Reddit

Few banks are listening to what their customers are saying on Reddit, but the site can help them spot customer complaints and develop content that dispels misinformation.

By Miriam Cross

November 4
Federal Reserve

Senate Democrats call for another half-point Fed rate cut

Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is "no need for restrictive interest rates" and easier monetary policy is necessary to lower housing costs.

By Kyle Campbell

November 4