MIDLOTHIAN, Va., Sept. 16, 2013 (GLOBE NEWSWIRE) -- Jack Zoeller, President and CEO of Cordia Bancorp Inc. (Nasdaq:BVA) and Chairman and CEO of Bank of Virginia, has announced the promotion of Don Andree to Executive Vice President of the Bank. Since 2011 when he joined the Bank, Mr. Andree has successfully led the Bank's Special Assets Department in the evaluation and disposition of substandard loans. His contributions were critical in helping the Bank achieve the release of its regulatory agreement in August 2013. Mr. Andree's new role will include responsibility for income-producing commercial real estate, construction, and specialty lending programs.
"Don is a very talented executive who has produced remarkable results at Bank of Virginia," said Jack Zoeller, Chairman and CEO. "As much as he has been able to contribute to our rebuilding these past few years, we are confident he will contribute even more to our growth as we move forward."
Mr. Andree has 40 years' experience in commercial banking. Prior to Bank of Virginia, he was a Senior Vice President at SunTrust responsible for commercial real estate and residential special assets in the Mid-Atlantic region. Earlier in his career at PNC Financial Corporation, he was a commercial real estate lending officer responsible for opening and building a $400 million regional loan portfolio in the Southeast.
Don received a bachelor's degree from Westminster College in Pennsylvania. He is married with three adult children and active in church and community affairs.
About Bank of Virginia
Bank of Virginia, a state chartered bank headquartered in Midlothian, Virginia, currently operates four full-service offices in the counties of Chesterfield and Henrico, Virginia. Additional investor relations information can be found on the internet at www.bankofva.com. Bank of Virginia is a member of the FDIC and Equal Housing Lender.
The information as of and for the three and six months ended June 30, 2012, as presented, is unaudited. 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 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-K. 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 & CEO, 804-763-1333
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