Cordia Bancorp and Bank of Virginia Add Todd Thomson to Boards
29 April 2011 - 11:00PM
Jack Zoeller, Chairman and CEO of Bank of Virginia (Nasdaq:BOVA)
(www.bankofva.com) and President and CEO of Cordia Bancorp,
announced the election of
Todd Thomson to both the
Bank's and Cordia's Board of Directors.
Mr. Thomson is Chairman of Dynasty Financial Partners and
founder and CEO of Headwaters Capital, a proprietary investment
business. Mr. Thomson was formerly Chairman and CEO of Citigroup
Global Wealth Management, comprised of Smith Barney, The Citigroup
Private Bank, and Citigroup Investment Research. Mr. Thomson also
served for five years as Citigroup CFO, where he led operations,
strategy and all finance functions, and oversaw Citigroup
Alternative Investments, with approximately $15 billion in hedge
funds, private equity, and credit structures.
Previously, Mr. Thomson served as CEO of the Citigroup Private
Bank from 1999 to 2000 and Senior Vice President of Acquisitions
and Strategy from 1998 to 1999. He also served as Vice Chairman of
Citibank, N.A. His prior experience includes EVP of Acquisitions
and Strategy for GE Capital; Partner, Barents Group; and Manager at
Bain and Co. Mr. Thomson is also a member of the Board of the World
Resources Institute and the Board of Trustees of Davidson College
and Chair of the Wharton Leadership Center Advisory Board.
"We are pleased and fortunate to have Todd Thomson as a
colleague on both the Bank of Virginia and Cordia Bancorp boards of
directors. Todd has already made a substantial contribution as a
co-founder of Cordia. Quite obviously he brings an incredible
talent and expertise from his years at Citigroup and G.E. Capital –
particularly in strategy and mergers and acquisitions. Todd's
addition to both boards reflects our commitment to building a
highly talented team that remains focused on achieving our
strategic goals in the mid-Atlantic," said Jack Zoeller, Chairman
and CEO of Bank of Virginia and CEO of Cordia.
Mr. Thomson is a graduate of Davidson College and received his
MBA, with distinction, from the Wharton School of the University of
Pennsylvania.
His election to the Bank of Virginia board is subject to
regulatory approval.
About Bank of Virginia Bank of Virginia, a
Virginia state chartered bank headquartered in Midlothian,
Virginia, currently operates five 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 an Equal Housing Lender.
About Cordia Bancorp Inc.
Cordia Bancorp, incorporated in Virginia in 2009, is a private
bank holding company. Additional information can be found on the
internet at www.cordiabancorp.com.
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-KSB 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 and CEO, 804-763-1333
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