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Fun in the Snow

Bank of Lancaster Promotes Meredith Smith


Kilmarnock, VA – Bank of Lancaster (the “Bank”), an affiliate of Bay Banks of Virginia, Inc. (OTCQB: BAYK) announces promotion.

Randal R. Greene, President and CEO of Bank of Lancaster and Bay Banks of Virginia, announced that the Bank’s Board of Directors has promoted Meredith M. Smith to the office of Senior Vice President.

Smith joined Bank of Lancaster’s Commercial Lending Department in October 2005. She began as a Commercial Loan Processor and in October 2006 was elevated to Commercial Lending Operations Manager. In April 2008, Smith was promoted to Commercial Lending Officer and then promoted to Assistant Vice President in 2012. In 2014, she was promoted to Vice President. Smith oversees the Credit Administration Department for the Bank which includes the areas of Credit Risk, Loan Operations, and Loan Resolution. She is tasked with monitoring the safety and soundness of the Bank’s existing loan portfolio and ensuring that new loan originations meet established parameters for risk tolerance.

A native of Richmond County, Smith is a graduate of Rappahannock High School. She received her Bachelor of Science degree in Business Administration from the University of Mary Washington and her Master’s in Business Administration from Liberty University. She has continued her education in the field of banking by graduating from the Virginia School of Bank Management at the University of Virginia. The three-year school is sponsored by the Virginia Bankers Association in cooperation with the McIntire School of Commerce at the University.

Active in her community, Smith is a member of the Richmond County YMCA board and also a member of the Richmond County Industrial Development Authority. Smith says that giving back to her community was an example set for her by her late grandfather and she is fortunate to work for an organization that shares the same philosophy.

Smith resides in Warsaw with her 8 year-old son Jack and 3 year-old son Fidler.

In making this announcement, Greene stated, “We are committed to delivering distinctive service and quality financial products to the businesses and communities we serve. Meredith provides outstanding leadership and is dedicated to helping us achieve the highest level of service quality in order to create long-standing relationships with our customers. We are very proud to have Meredith on our team.”

About Bay Banks of Virginia

Bay Banks of Virginia, Inc. is the bank holding company for Bank of Lancaster and Bay Trust Company. Founded in 1930, Bank of Lancaster is a state-chartered community bank headquartered in Kilmarnock, Virginia. With eight banking offices located throughout the Northern Neck region and in Middlesex County, and three banking offices in Richmond, Virginia, the bank serves businesses, professionals and consumers with a wide variety of financial services, including retail and commercial banking, investment services, and mortgage banking. Bay Trust Company provides management services for personal and corporate trusts, including estate planning, estate settlement and trust administration.
For further information, contact Randal R. Greene, President and Chief Executive Officer, at 800-435-1140 or inquiries@baybanks.com.



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