updated 5/19/2011 6:45:31 PM ET 2011-05-19T22:45:31

RICHMOND, Va., May 19, 2011 (GLOBE NEWSWIRE) -- Jack Zoeller, Chairman and CEO of Bank of Virginia (Nasdaq:BOVA) (www.bankofva.com), announced the hiring of Richard D. Dickinson as the Bank's new Executive Vice President and Chief Operating Officer, subject to regulatory approval.

"Richard brings to Bank of Virginia nearly 30 years' experience and a wealth of expertise in commercial banking and credit management. He has had in-depth leadership experience across multiple facets of the banking business, including lending, credit risk management, relationship management and special assets," commented Zoeller.

Dickinson has spent his entire career with SunTrust Bank, achieving increasingly senior positions in a variety of management positions throughout the bank. Most recently, he was Senior Credit Officer and Executive Vice President of Commercial Real Estate at SunTrust, where he managed a team of seven regional credit officers and a credit portfolio in excess of $7 billion to commercial real estate developers and investors across the entire bank's market area.  

"We are delighted to have a senior officer of Richard's character and caliber join Bank of Virginia's management team," said Jack Zoeller, Chairman and CEO. "His expertise will contribute to strengthening our credit culture and lending operations, while enabling us to grow our loan portfolio and customer base in the greater Richmond area."

Dickinson holds a Bachelor of Science degree in Business Administration from the University of Richmond. He is a lifelong resident of Richmond, where he is active in community service and civic organizations, with a concentration towards improving affordable housing and neighborhood revitalization.

About Bank of Virginia

Bank of Virginia, a Virginia state chartered bank headquartered in Midlothian, Virginia, currently operates five full-service offices in the counties of Chesterfield and Henrico, Virginia. Bank of Virginia's common stock is traded on the NASDAQ stock market under the quotation symbol "BOVA". Additional investor relations information can be found on the internet at www.bankofva.com. Bank of Virginia is a member of the FDIC and an Equal Housing Lender.

DISCLAIMER

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 from time to time 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-KSB as filed with the Board of Governors of the Federal Reserve. 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 and CEO, 804-763-1333

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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