H.E. Richeson Retires From Bank of Virginia Board

Bank of Virginia BOVA announced the retirement of its Vice Chairman, H. E. "Hank" Richeson, age 69, from the Bank's Board of Directors, marking the culmination of a 45-year career in Richmond-area banking. Mr. Richeson became the founding CEO of Bank of Virginia in 2002, served nine years on its Board of Directors, was elected Chairman of the Board in 2008, and served as Vice Chairman of the Board following the investment by Cordia Bancorp Inc. in 2010. "Hank has been the cornerstone of Bank of Virginia since our founding," said Jack Zoeller, Chairman and CEO. "He is well-known and well-respected across the Bank's constituencies. He was a strong voice for putting our shareholders' interests first – most notably when he relinquished his position as Chairman to help arrange a major investment by Cordia Bancorp. We will miss his wisdom and contribution around the board table. All of us at Bank of Virginia wish him the best in his retirement."