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Former Reynolds Metals Executive Joins Bank of Lancaster Board


KILMARNOCK, Va., June 25, 2014 – Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Bank of Lancaster and Bay Trust Company,  announces that Randolph N. Reynolds, Jr. has been elected to Bank of Lancaster’s Board of Directors.


                         Randolph N. Reynolds, Jr.                                            Randal R. Greene


“We are pleased and honored to welcome Randy to our Bank Board,” said Randal R. Greene, President and Chief Executive Officer. “With our recent expansion into the Richmond market, Randy brings a high level of expertise in real estate management and development; and as an established native of Richmond, we look forward to his leadership in assisting us with the tremendous opportunities and growth prospects for our Company.”

Reynolds is a graduate of Collegiate School in Richmond. He received his B.A. in Economics from The College of William and Mary and attended graduate school at the University of Richmond.

Reynolds is a partner of Reynolds Development Company, LLC, a private real estate management and development company which he co-founded in 2001. The company specializes in commercial real estate investing, management and development. In Richmond, the company owns and manages Reynolds Crossing, which consists of approximately 585,000 square feet of leased Class A office space, approximately 18 developable acres and a full-service Westin Hotel.

Following a two-year move to Switzerland after graduation, where he worked on the LME Metal Trading Desk, Reynolds accepted a project management job for Reynolds Metals Development Company in Ft. Lauderdale, FL. During his time in Florida, Reynolds assisted with various residential, commercial and industrial real estate development projects throughout the State of Florida. Reynolds developed the first hurricane resistant aluminum intensive residential house using thermally broken aluminum 6063 alloy extrusions. His development team won an International Extrusion Award, and Reynolds was subsequently awarded the Key to the City of Ft. Pierce, FL for his work with Neighborhood Housing Services of Fort Pierce.

In 1998, Reynolds returned to Richmond and joined the Bauxite & Alumina Division of Reynolds Metals heading up the export sales of Reynolds Chemical and High Purity Alumina products. He served as both Export Sales Manager and Global Sales & Marketing Manager. In 2000, he co-founded and served as Vice President and Strategic Partner Development for an internet market for aluminum products called OnlineAluminum.com, which later merged with a New York city-based company.

Active in civic affairs, Reynolds currently serves on the Board of the Longwood School of Business and the Richmond YMCA. He has previously served on the Board of Trustees for Collegiate School in Richmond; as Chairman of the Real Estate Foundation Board of the College of William and Mary; and as Chairman of the Foreign Trade Zone Subcommittee of St. Lucie County, FL Economic Development Council. As a supporter of the United Way, in 1998 Reynolds was awarded a position in the United Way’s “Capital Society” for participation in its Leadership Giving Program; and he graduated from the LEAD Virginia program in 2010.

“I am excited to be a part of Bank of Lancaster’s expansion into the Richmond market,” said Reynolds. “The growth potential is huge for Bank of Lancaster, and I am delighted to join this innovative team of seasoned professionals in helping build businesses throughout our area.”


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