(:BAYK)

Business Focus: N/A

Feb 01, 2021 06:00 am ET

Blue Ridge Bankshares, Inc. and Bay Banks of Virginia, Inc. Complete Merger

CHARLOTTESVILLE, Va. and RICHMOND, Va., Feb. 1, 2021 /PRNewswire/ -- Blue Ridge Bankshares, Inc. (NYSE American: BRBS) ("Blue Ridge"), the parent holding company of Blue Ridge Bank, National Association, today announced the completion of the merger of Bay Banks of Virginia, Inc. (OTC: BAYK) ("Bay Banks"), the parent holding company of Virginia Commonwealth Bank, into Blue Ridge. Following completion of the merger, Virginia Commonwealth Bank was merged into Blue Ridge Bank. The former Virginia Commonwealth Bank branches assumed in the merger will continue to operate under the name Virginia

Jan 21, 2021 05:42 pm ET

Shareholders of Blue Ridge Bankshares, Inc. and Bay Banks of Virginia, Inc. Approve Merger

CHARLOTTESVILLE, Va. and RICHMOND, Va., Jan. 21, 2021 /PRNewswire/ -- At separate shareholder meetings today, shareholders of both Blue Ridge Bankshares, Inc. (NYSE American: BRBS) ("Blue Ridge"), the parent holding company of Blue Ridge Bank, National Association, and Bay Banks of Virginia, Inc. (OTC: BAYK) ("Bay Banks"), the parent holding company of Virginia Commonwealth Bank, approved the previously announced merger of Bay Banks into Blue Ridge.

Jan 21, 2021 03:15 pm ET

Shareholders of Blue Ridge Bankshares, Inc. and Bay Banks of Virginia, Inc. Approve Merger

Dec 28, 2020 03:30 pm ET

Blue Ridge Bankshares, Inc. and Bay Banks of Virginia, Inc. Announce Regulatory Approvals for Pending Merger

CHARLOTTESVILLE, Va. and RICHMOND, Va., Dec. 28. 2020 /PRNewswire/ -- Blue Ridge Bankshares, Inc. (NYSE American: BRBS) ("Blue Ridge"), the parent holding company of Blue Ridge Bank, National Association, and Bay Banks of Virginia, Inc. (OTC: BAYK) ("Bay Banks"), the parent holding company of Virginia Commonwealth Bank, today jointly announced that they have received all required bank regulatory approvals for the pending merger of Bay Banks into Blue Ridge.

Dec 28, 2020 03:30 pm ET

Blue Ridge Bankshares, Inc. and Bay Banks of Virginia, Inc. Announce Regulatory Approvals for Pending Merger

CHARLOTTESVILLE, Va. and RICHMOND, Va., Dec. 28, 2020 /PRNewswire/ -- Blue Ridge Bankshares, Inc. (NYSE American: BRBS) ("Blue Ridge"), the parent holding company of Blue Ridge Bank, National Association, and Bay Banks of Virginia, Inc. (OTC: BAYK) ("Bay Banks"), the parent holding company of Virginia Commonwealth Bank, today jointly announced that they have received all required bank regulatory approvals for the pending merger of Bay Banks into Blue Ridge.

Oct 29, 2020 05:51 pm ET

Bay Banks of Virginia, Inc. Reports Third Quarter and Year-to-date 2020 Results

RICHMOND, Va., Oct. 29, 2020 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, Inc., announced financial results for the three and nine months ended September 30, 2020.

Oct 28, 2020 06:38 pm ET

Blue Ridge Bankshares, Inc. Announces Third Quarter Earnings

CHARLOTTESVILLE, Va., Oct. 28, 2020 /PRNewswire/ -- Blue Ridge Bankshares, Inc. (the "Company") (NYSE American: BRBS) announced today its third quarter 2020 net income of $5.1 million, or $0.88 earnings per share, compared to $6.2 million, or $1.10 earnings per share, for the quarterly period ended June 30, 2020, and $1.3 million, or $0.29 earnings per share, for the quarterly period ended September 30, 2019. Earnings for the third quarter of 2020 include approximately $1.1 million in one-time expenses related to the proposed merger with Bay Banks of Virginia, Inc. ("Bay Banks") (OTCQB: BAY

Aug 03, 2020 05:28 pm ET

Bay Banks of Virginia, Inc. Reports Second Quarter and First Half 2020 Results; Update to Company's COVID-19 Pandemic Response

RICHMOND, Va., Aug. 3, 2020 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, Inc., announced financial results for the three and six months ended June 30, 2020 and an update to the company's response to the COVID-19 pandemic.

May 07, 2020 04:15 pm ET

Bay Banks of Virginia, Inc. Reports First Quarter 2020 Results Response to COVID-19 Pandemic

Nov 12, 2019 04:12 pm ET

Bay Banks of Virginia, Inc. Announces Consolidation

RICHMOND, Va., Nov. 12, 2019 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), (the "Company"), holding company for Virginia Commonwealth Bank (the "Bank") and VCB Financial Group, Inc., announced plans to consolidate its two Chesterfield branches into a single branch.

Oct 29, 2019 04:30 pm ET

Bay Banks of Virginia, Inc. Reports Third Quarter and Year-to-date 2019 Results

RICHMOND, Va., Oct. 29, 2019 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, Inc., announced financial results for the three and nine months ended September 30, 2019.

Oct 18, 2019 09:10 am ET

Bay Banks of Virginia, Inc. Announces Share Repurchase Program

RICHMOND, Va., Oct. 18, 2019 /PRNewswire/ -- Bay Banks of Virginia, Inc. (the "Company") (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, Inc., today announced that its Board of Directors has authorized the repurchase of up to 400,000 shares or approximately 3% of the Company's currently outstanding common stock through December 31, 2020 (the "Repurchase Program").

Oct 07, 2019 02:35 pm ET

Bay Banks of Virginia, Inc. Completes $25 Million Subordinated Notes Offering

RICHMOND, Va., Oct. 7, 2019 /PRNewswire/ -- Bay Banks of Virginia, Inc. (the "Company") (OTCQB: BAYK), holding company for Virginia Commonwealth Bank and VCB Financial Group, Inc., announced today that it has completed a private placement of $25 million in fixed-to-floating rate subordinated notes due 2029 (the "Notes"). The Notes have been structured to qualify as Tier 2 capital under bank regulatory guidelines, and the proceeds from the sale of the Notes will be utilized for general corporate purposes, including the potential repayment of the Company's existing subordinated debt (which deb

Aug 05, 2019 09:00 am ET

Revere Bank and Virginia Commonwealth Bank Select SS&C for CECL Transition

WINDSOR, Conn., Aug. 5, 2019 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), today announced that Revere Bank and Virginia Commonwealth Bank will use SS&C Primatics' EVOLVEA platform to facilitate reserving under the Current Expected Credit Loss (CECL) accounting standard.

Jul 30, 2019 04:48 pm ET

Bay Banks of Virginia, Inc. Reports Second Quarter and First Half 2019 Results

RICHMOND, Va., July 30, 2019 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, Inc., announced financial results for the three and six months ended June 30, 2019.

Apr 30, 2019 04:30 pm ET

Bay Banks of Virginia, Inc. Reports First Quarter 2019 Results

RICHMOND, Va., April 30, 2019 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, Inc., announced financial results for the first quarter ended March 31, 2019.

Feb 06, 2019 03:30 pm ET

Bay Banks of Virginia, Inc. Reports Fourth Quarter and Full-Year 2018 Results

RICHMOND, Va., Feb. 6, 2019 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, Inc., announced financial results for the quarter and year ended December 31, 2018.

Nov 06, 2018 01:54 pm ET

Virginia Commonwealth Bank Promotes Susan Pittman

RICHMOND, Va., Nov. 6, 2018 /PRNewswire/ -- Virginia Commonwealth Bank ("VCB"), an affiliate of Bay Banks of Virginia, Inc., (OTCQB: BAYK) announces promotion.

Oct 31, 2018 11:02 am ET

VCB Financial Group Welcomes Russell Carter

RICHMOND, Va., Oct. 31, 2018 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, announces that Russell Carter has joined VCB Financial Group - Trust and Wealth Management as Vice President, Senior Trust Representative. In this role, Mr. Carter's responsibility will be providing trust and wealth management services to businesses, charitable foundations, and individuals whether working with attorneys to develop an elaborate trust and estate plan or simply gu

Oct 30, 2018 05:01 pm ET

Bay Banks of Virginia, Inc. Reports Third Quarter and Year-to-Date 2018 Results

RICHMOND, Va., Oct. 30, 2018 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, Inc., announced financial results for the three and ninth months ended September 30, 2018.

Oct 29, 2018 12:55 pm ET

Bay Banks of Virginia, Inc. Appoints New Director to its VCB Financial Group Board

RICHMOND, Va., Oct. 29, 2018 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, announces that Mark W. Herndon, an experienced Director and a highly successful entrepreneur and restaurateur, is appointed to VCB Financial Group's Board of Directors.

Oct 05, 2018 04:08 pm ET

Top Virginia Beach Commercial Banker, Steve Layden, Joins Virginia Commonwealth Bank

RICHMOND, Va., Oct. 5, 2018 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank ("VCB") and VCB Financial Group, announces that Steve Layden, a 40-year local, commercial banking veteran has joined Virginia Commonwealth Bank as the Director of Business Development and C & I Lending for the Hampton Roads market. Today's announcement comes just after three months of establishing a VCB Commercial Banking office in the Sidney Kellam Building at the Virginia Beach Oceanfront, where VCB also has a full service retail branch.

Oct 01, 2018 02:04 pm ET

Bay Banks of Virginia, Inc. Elects New Director to its Board

RICHMOND, Va., Oct. 1, 2018 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, announces that Vance H. Spilman, an experienced Director and leader for a number of national organizations, is elected to Bay Bank's Board of Directors.

Sep 25, 2018 02:36 pm ET

Virginia Commonwealth Bank Promotes Pam Varnier to Senior Vice President

RICHMOND, Va., Sept. 25, 2018 /PRNewswire/ -- Virginia Commonwealth Bank (the "Bank"), an affiliate of Bay Banks of Virginia, Inc. (OTCQB: BAYK) announces promotion.

Sep 04, 2018 12:40 pm ET

Bay Banks of Virginia, Inc. Announces Noninterest Expense Initiatives

RICHMOND, Va., Sept. 4, 2018 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, Inc., today announced initiatives to reduce noninterest expenses.

Aug 02, 2018 03:57 pm ET

VCB Financial Group Promotes Pittman

RICHMOND, Va., Aug. 2, 2018 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), is the holding company of Virginia Commonwealth Bank and VCB Financial Group.

Aug 01, 2018 05:03 pm ET

Bay Banks of Virginia, Inc. Reports Second Quarter and First Half 2018 Results

RICHMOND, Va., Aug. 1, 2018 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, Inc., reported financial results for the second quarter and first half of 2018.

Jul 13, 2018 10:22 am ET

Experienced Virginia Beach Commercial Lender, Chris Lyle, Joins Virginia Commonwealth Bank

RICHMOND, Va., July 13, 2018 /PRNewswire/ -- Bay Banks of Virginia, Inc. (the "Company") (OTCQB: BAYK), holding company of Virginia Commonwealth Bank ("VCB") and VCB Financial Group, is pleased to announce that Chris Lyle, a 17-year commercial banking veteran, has joined Virginia Commonwealth Bank as a Senior Vice President, Commercial Lender. Mr. Lyle is located at the VCB Commercial office in the Sidney Kellam Building at the Virginia Beach Oceanfront, where the bank will also be opening a full service branch in the very near future.

May 09, 2018 05:09 pm ET

Bay Banks of Virginia, Inc. Reports First Quarter 2018 Earnings

RICHMOND, Va., May 9, 2018 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, Inc., reported financial results for the first quarter of 2018.

Mar 28, 2018 09:35 am ET

Virginia Commonwealth Bank Welcomes Brett Raynor

RICHMOND, Va., March 28, 2018 /PRNewswire/ -- Bay Banks of Virginia, Inc. (the "Company") (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, announces that Brett E. Raynor has joined Virginia Commonwealth Bank as Vice President, Controller.

Mar 26, 2018 05:36 pm ET

Bay Banks of Virginia, Inc. Announces Fourth Quarter and Full Year 2017 Results and Update

RICHMOND, Va., March 26, 2018 /PRNewswire/ -- Bay Banks of Virginia, Inc. (the "Company") (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, today reported unaudited financial results for the full year and the fourth quarter ended December 31, 2017.

Mar 22, 2018 09:58 am ET

Top Financial Executive, Ramsey Hamadi, Joins Virginia Commonwealth Bank

RICHMOND, Va., March 22, 2018 /PRNewswire/ -- Bay Banks of Virginia, Inc. (the "Company") (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, is pleased to announce that Ramsey K. Hamadi has joined the Company as Chief Strategic Officer.

Mar 14, 2018 04:30 pm ET

Bay Banks of Virginia Announces Chief Financial Officer Changes

RICHMOND, Va., March 14, 2018 /PRNewswire/ -- Bay Banks of Virginia, Inc. (the "Company") (OTCQB: BAYK), holding company of Virginia Commonwealth Bank ("VCB") and VCB Financial Group, is pleased to announce that Judy C. Gavant will join the Company and VCB as Executive Vice President and Chief Financial Officer. Ms. Gavant, whose appointment becomes effective on the date after the filing of the Company's 2017 Form 10-K, will lead VCB's financial operations, including internal and external reporting, accounting, asset liability management, investments, planning, and controls.

Mar 02, 2018 01:38 pm ET

Established Banker, William J. Callaghan, Joins Virginia Commonwealth Bank

RICHMOND, Va., March 2, 2018 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, announces that William "Bill" Callaghan, a 38-year banking veteran, has joined Virginia Commonwealth Bank as Executive Vice President, Chief Administrative Officer. In this position, Callaghan will report to Mr. Greene, the CEO, and will be one of our executives who oversees day-to-day administrative operations of our Bank, which will include deposits, loans, mortgages, wealth

Feb 27, 2018 09:09 am ET

VCB Financial Group Welcomes Bruce McCook

RICHMOND, Va., Feb. 27, 2018 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, announces that Bruce McCook has joined VCB Financial Group as Vice President and as Investment Executive, Infinex Investments, Inc. In this role, Mr. McCook's responsibility will be providing recommendations, and access to, investment and insurance strategies for individuals and businesses.

Feb 16, 2018 03:23 pm ET

Established Retail Banker, Barry Almond, Joins Virginia Commonwealth Bank

RICHMOND, Va., Feb. 16, 2018 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, announces that Barry P. Almond, a 30-year retail banking veteran, has joined Virginia Commonwealth Bank as Senior Vice President, Chief Retail Officer.

Feb 16, 2018 11:45 am ET

Virginia Commonwealth Bank Welcomes Jennifer Murphy

RICHMOND, Va., Feb. 16, 2018 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, announces that Virginia Commonwealth Bank has hired Jennifer Murphy as Vice President, Residential Mortgage Operations. In this role, Ms. Murphy's responsibility will be managing all of our residential loan operations which includes processing, underwriting, closing and mortgage servicing.

Feb 08, 2018 02:27 pm ET

Established Hampton Roads Commercial Banker, Ed Putney, Joins Virginia Commonwealth Bank

KILMARNOCK, Va., Feb. 8, 2018 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, announces that Ed Putney, a 31-year commercial banking veteran, has joined Virginia Commonwealth Bank as Senior Vice President, Hampton Roads Market Executive. Today's announcement comes after several months of discussions about the opportunities that exist in the Hampton Roads market area for a bank that offers a true community banking experience.

Jan 08, 2018 04:07 pm ET

Virginia Commonwealth Bank Welcomes Ashley Smith

RICHMOND, Va., Jan. 8, 2018 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, welcomes Ashley Smith as Vice President, Audit Manager.

Dec 08, 2017 02:00 pm ET

Bay Banks of Virginia, Inc. Announces Fourth Quarter 2017 Dividend

RICHMOND, Va., Dec. 8, 2017 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), parent company of Virginia Commonwealth Bank and VCB Financial Group, announced its Board of Directors has declared a quarterly cash dividend to shareholders of $0.04 per common share, payable December 29, 2017, to shareholders of record December 22, 2017.

Nov 28, 2017 04:02 pm ET

Bay Banks of Virginia names Vance Spilman to its Trust and Wealth Management subsidiary, VCB Financial Group

RICHMOND, Va., Nov. 28, 2017 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, announces that Vance Spilman has been elected to VCB Financial Group's Board of Directors.

Oct 23, 2017 09:01 pm ET

Bay Banks of Virginia, Inc. Reports September 30, 2017 Quarterly Operating Results

RICHMOND, Va., Oct. 23, 2017 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK) (the "Company"), the parent holding company of Virginia Commonwealth Bank (the "Bank"), reports its unaudited third quarter 2017 results.

Sep 26, 2017 07:33 pm ET

Bay Banks Of Virginia, Inc. Announces Third Quarter 2017 Dividend

RICHMOND, Va., Sept. 26, 2017 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), parent company of Virginia Commonwealth Bank and VCB Financial Group, announced its Board of Directors has declared a quarterly cash dividend to shareholders of $0.04 per common share, payable October 24, 2017, to shareholders of record October 11, 2017.

Aug 31, 2017 06:38 pm ET

Bay Banks of Virginia, Inc. Completes $35 Million Private Placement

RICHMOND, Va., Aug. 31, 2017 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK) (the "Company"), parent company of Virginia Commonwealth Bank (the "Bank"), announced today the closing of a private placement of common stock to existing shareholders, institutional investors, and other accredited investors. The Company sold 3,783,784 shares of its common stock at an offering price of $9.25 per share. Net proceeds from the private placement were approximately $32.9 million. The Company intends to use the net proceeds from the offering to support future growth and for general corporate pur

Aug 22, 2017 12:14 pm ET

Virginia Commonwealth Bank Welcomes Jim Sedlar

RICHMOND, Va., Aug. 22, 2017 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, announces that Virginia Commonwealth Bank has hired Jim Sedlar as Senior Vice President, Commercial Banking. In this role, Mr. Sedlar's responsibility will be building commercial banking relationships with a focus on local builder finance and other commercial real estate.

Aug 09, 2017 03:27 pm ET

VCB Financial Group Welcomes Angela Brown

RICHMOND, Va., Aug. 9, 2017 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, announces that VCB Financial Group - Trust and Wealth Management has hired Angela Brown as Vice President, Trust Officer. In this role, Ms. Brown's responsibility will be providing trust and wealth management services to businesses, charitable foundations, and individuals whether working with attorneys to develop an elaborate trust and estate plan or simply guiding clients thro

Jul 26, 2017 08:20 pm ET

Bay Banks of Virginia, Inc. Reports June 30, 2017 Quarterly Operating Results

RICHMOND, Va., July 26, 2017 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK) (the "Company"), the parent holding company of Virginia Commonwealth Bank (the "Bank"), reports its unaudited second quarter 2017 results.

Jul 21, 2017 03:00 pm ET

Pamela M. Comstock Is Elected to VCB Financial Group's Board of Directors

RICHMOND, Va., July 21, 2017 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group (formerly Bay Trust Company), announces that Pamela M. Comstock has been elected to VCB Financial Group's Board of Directors.

Jul 11, 2017 05:05 pm ET

Virginia Commonwealth Bank Welcomes Mark Herndon To Its Richmond Community Board

RICHMOND, Va., July 11, 2017 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank ("VCB") and VCB Financial Group, announces Virginia Commonwealth Bank is pleased to report that Mark W. Herndon has joined the Bank's Richmond Community Board.

Jun 30, 2017 05:23 pm ET

Bay Banks Of Virginia Announces Second Quarter 2017 Dividend

RICHMOND, Va., June 30, 2017 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), parent company of Virginia Commonwealth Bank and VCB Financial Group, announced its Board of Directors has declared a quarterly cash dividend to shareholders of $0.04 per common share, payable July 24, 2017, to shareholders of record July 11, 2017.

Jun 16, 2017 03:00 pm ET

Bay Banks of Virginia names Randy Reynolds to its Trust and Wealth Management subsidiary, VCB Financial Group

RICHMOND, Va., June 16, 2017 /PRNewswire/ -- One of Richmond's premier commercial developers has been appointed to a new board position by VCB Financial Group. Already a member of the bank's board of directors and Chairman of the Richmond Community Board, Randy Reynolds, Jr. will now serve as a board member of the VCB Financial Group.

Jun 02, 2017 12:50 pm ET

Virginia Commonwealth Bank Announces Promotion

RICHMOND, Va., June 2, 2017 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, announces that Virginia Commonwealth Bank has promoted Shauna L. Robertson to the office of Senior Vice President.

May 19, 2017 04:20 pm ET

Virginia Commonwealth Bank Welcomes Bill Bien As Senior Vice President, Commercial Banking

RICHMOND, Va., May 19, 2017 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, announces that Virginia Commonwealth Bank has hired Bill Bien as Senior Vice President, Commercial Banking. In this role, Mr. Bien's responsibility will be developing commercial banking relationships in the Richmond region by helping businesses increase their probability of success.

Apr 28, 2017 04:42 pm ET

Bay Banks of Virginia Reports 1st Quarter 2017 Results

RICHMOND, Va., April 28, 2017 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK) (the "Company") reported a loss of $177,000 for the quarter ended March 31, 2017 compared to earnings of $524,000 for the same quarter in 2016.

Apr 18, 2017 12:29 pm ET

Virginia Commonwealth Bank Welcomes Del Ward as Senior Vice President, Commercial Banking

RICHMOND, Va., April 18, 2017 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank (formerly Bank of Lancaster) and Bay Trust Company, announces that Virginia Commonwealth Bank has hired Del Ward as Senior Vice President, Commercial Banking. In this role, Mr. Ward's responsibility will be developing commercial banking relationships in the Richmond region by helping businesses achieve their financial aspirations.

Apr 03, 2017 10:00 am ET

Virginia Commonwealth Bank and Bank of Lancaster Complete Merger

RICHMOND, Va., April 3, 2017 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Virginia Commonwealth Bank (formerly known as Bank of Lancaster) and Bay Trust Company, announced the completion of the previously-announced merger with Virginia BanCorp Inc. and its subsidiary, Virginia Commonwealth Bank, combining the two historic community banks in Central and Eastern Virginia. The combined assets of Virginia Commonwealth Bank of Petersburg, VA, and Kilmarnock-based Bank of Lancaster exceed $800 million. The combined entity will operate as Virginia Commonwealth Bank

Mar 21, 2017 11:29 am ET

Eric Nost, a top Virginia wealth advisor, joins Bay Trust and Wealth Management Group

RICHMOND, Va., March 21, 2017 /PRNewswire/ -- Eric F. Nost, a financial services executive with over 30 years' experience, has joined Bay Trust and Wealth Management Group. Nost most recently managed a bank-owned investment firm, building it to over $400 million in assets under management.

Mar 17, 2017 06:11 pm ET

Shareholders Approve Bay Banks of Virginia, Inc. Merger With Virginia BanCorp, Inc.

RICHMOND, Va., March 17, 2017 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK) ("Bay Banks"), the holding company for Bank of Lancaster, and Virginia BanCorp Inc. ("Virginia BanCorp"), the holding company for Virginia Commonwealth Bank, today jointly announced that the shareholders of both companies voted yesterday in separate meetings to approve their agreement to merge. Following the merger, these two historic community banks in Central Virginia will operate as a single entity under the Virginia Commonwealth Bank brand. The parties plan to officially merge the holding companies

Jan 31, 2017 09:52 am ET

Top Richmond banker, Gary Armstrong, joins Bank of Lancaster

KILMARNOCK, Va., Jan. 31, 2017 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Bank of Lancaster and Bay Trust Company, announces that Gary Armstrong, a 31-year commercial banking veteran, has joined Bank of Lancaster as Executive Vice President, Richmond Market Executive. Today's announcement comes two months ahead of Bank of Lancaster's merger with Petersburg-based Virginia Commonwealth Bank. The combined bank will have assets in excess of $800 million and will be headquartered in Richmond.

Jan 27, 2017 05:07 pm ET

Bay Banks of Virginia, Inc. Reports Record 2016 Earnings

KILMARNOCK, Va., Jan. 27, 2017 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, reported earnings of $571,000 for the quarter ended December 31, 2016 compared to a loss of $(590,000) for the same quarter in 2015. Earnings for the year 2016 were $2.5 million compared to $366,000 for the year 2015.

Jan 06, 2017 10:29 am ET

Bank of Lancaster Welcomes Matt Paciocco

KILMARNOCK, Va., Jan. 6, 2017 /PRNewswire/ -- Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Bank of Lancaster and Bay Trust Company, announces that Bank of Lancaster has hired Matt Paciocco as Senior Vice President, Commercial Banking. In this role, Mr. Paciocco's responsibility will be developing commercial banking relationships in the Richmond region by helping businesses achieve their financial aspirations.

Dec 14, 2016 01:36 pm ET

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of The Board of Directors of Bay Banks of Virginia, Inc. (BAYK)

NEW YORK, Dec. 14, 2016 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City, is investigating the Board of Directors of Bay Banks of Virginia, Inc. ("Bay Banks" or the "Company")(OTC Markets Group's OTCQB tier (trading symbol "BAYK") for potential breaches of fiduciary duties in connection with the merger and acquisition of Virginia BanCorp, Inc. ("Virginia BanCorp"). Under the terms of the agreement, Bay Banks shareholders will give Virginia BanCorp shareholde

Nov 03, 2016 09:00 am ET

Bay Banks of Virginia and Virginia BanCorp Announce Strategic Merger

KILMARNOCK, Va. and PETERSBURG, Va., Nov. 3, 2016 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK) ("Bay Banks") and Virginia BanCorp Inc. ("Virginia BanCorp") today jointly announced the signing of a definitive agreement to combine in a strategic merger of equals. The combined company would have approximately $794 million in total assets, $633 million in total deposits, and $623 million in loans based on reported amounts as of September 30, 2016. Headquarters for the combined organization will be in Richmond, Virginia.

Nov 03, 2016 08:58 am ET

Bay Banks of Virginia, Inc. Reports Third Quarter Earnings

KILMARNOCK, Va., Nov. 3, 2016 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, reported earnings of $854,000 for the quarter ended September 30, 2016 compared to earnings of $281,000 for the same quarter in 2015. Earnings for the nine months ended September 30, 2016 were $2.0 million compared to $956,000 for the same period in 2015.

Aug 09, 2016 06:23 pm ET

Elizabeth Hinton Crowther Elected to Bay Trust's Board of Directors

KILMARNOCK, Va., Aug. 9, 2016 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Bank of Lancaster and Bay Trust Company, announces that Elizabeth Hinton Crowther, Ed.D. has been elected to Bay Trust Company's Board of Directors.

Jul 26, 2016 05:32 pm ET

Bay Banks Of Virginia, Inc., Reports Second Quarter Earnings

KILMARNOCK, Va., July 26, 2016 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, reported earnings of $586,000 for the quarter ended June 30, 2016 compared to earnings of $294,000 for the same quarter in 2015. Earnings for the six months ended June 30, 2016 were $1.1 million compared to $675,000 for the same period in 2015

Jul 20, 2016 02:04 pm ET

Benjamin R. Humphreys, Jr. Elected to Bay Trust's Board of Directors

KILMARNOCK, Va., July 20, 2016 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Bank of Lancaster and Bay Trust Company, announces that Benjamin R. Humphreys, Jr. has been elected to Bay Trust Company's Board of Directors.

May 31, 2016 12:58 pm ET

Bruce C. Edwards Has Been Elected to Bank of Lancaster's Board of Directors

KILMARNOCK, Va., May 31, 2016 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Bank of Lancaster and Bay Trust Company, announces that Bruce C. Edwards has been elected to Bank of Lancaster's Board of Directors.

May 12, 2016 05:51 pm ET

Woolfolk Joins Bank of Lancaster Board

KILMARNOCK, Va., May 12, 2016 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Bank of Lancaster and Bay Trust Company, announces that D. Kyle Woolfolk, Jr. has been elected to Bank of Lancaster's Board of Directors.

Feb 01, 2016 02:11 pm ET

Bay Banks of Virginia, Inc. Reports Fourth Quarter Earnings

KILMARNOCK, Va., Feb. 1, 2016 /PRNewswire/ -- Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, reported a loss $134,000 for the quarter ended December 31, 2015, compared to earnings of $598,000 for the same quarter in 2014. For the year 2015, earnings were $822,000 compared to $1.8 million in 2014.

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