Mr. Smith has been President and Chief Executive Officer of each of the Company and the Bank since May 2011. Mr. Smith had served as the Bank’s Executive Vice President and Chief Banking Officer from May 2010 to May 2011, and he had assumed the responsibilities of President and Chief Executive Officer of each of the Company and the Bank, including serving as Executive Vice President of the Company, from September 2010 to May 2011. From 2009 to April 2010, he was the Bank’s Executive Vice President and Chief Administrative Officer. From 2007 to 2009, he was the Central Virginia President for Gateway Bank and Trust and, from 2000 to 2007, he was President and Chief Executive Officer of The Bank of Richmond.

Mr. Thomas has been Executive Vice President and Chief Financial Officer of the Company since June 2010, and he was Senior Vice President and Chief Financial Officer of the Company from 2008 to June 2010. From 2000 to 2008, he was Senior Vice President and Chief Financial Officer of BOE Financial. He has been employed in various positions with the Bank since 1990 and is currently also the Bank’s Executive Vice President and Chief Financial Officer.

Mr. Saunders has been the Bank’s Executive Vice President and Chief Risk Officer since March 2011. From May 2010 to March 2011, he served as the Bank’s Executive Vice President and Chief Operating Officer. From 2008 to April 2010, he served as the Bank’s Senior Vice President – Chief Risk Officer. From 2004 to 2008, he was the Bank’s Vice President – Risk Management.

Mr. Townsend has been the Bank’s Executive Vice President and Chief Credit Officer since January 2011. Mr. Townsend has nearly 40 years of experience in the banking industry and is retired from the Federal Reserve Bank of Richmond, where he most recently served as a Senior Examiner from 2000 to November 2010. He has also served as a senior executive in other institutions, including Senior Credit Officer of MainStreet Financial Corporation in Martinsville, Virginia, a multi-bank holding company with $3 billion in assets, from 1994 to 1998.

Mr. Oakey has been General Counsel and Secretary of the Company and the Bank since March 2009, with the titles of General Counsel since May 2010 and Senior Legal Counsel from March 2009 to April 2010. From 2007 to March 2009, he was Director and Assistant General Counsel for Circuit City Stores, Inc. Until 2007, he was a partner at the law firm of Williams Mullen, where he began practicing in 1995.