VIRGINIA NATIONAL BANKSHARES CORPORATION APPOINTS ROBERT LEE BURROWS, JR. TO BOARD OF DIRECTORS

Rhea-AI Summary

Virginia National Bankshares (NASDAQ: VABK) appointed Robert Lee Burrows, Jr. to its Board of Directors, effective February 25, 2026. He also joins the board of the company’s subsidiary, Virginia National Bank. Mr. Burrows brings over four decades in financial services, founded Banks Street Partners in 2008 and retired as Vice Chairman of Investment Banking at Performance Trust in October 2025.

The company highlighted his prior roles founding and co-owning regional banking and securities firms and said his experience will strengthen board judgment and support continued company growth.

Positive

• Director appointment effective Feb 25, 2026
• Adds 40+ years of financial-services experience
• Founder of Banks Street Partners; firm sold in 2019

Negative

• No financial guidance or near-term operational impact disclosed

News Market Reaction

+4.69%

1 alert

+4.69% News Effect

On the day this news was published, VABK gained 4.69%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTESVILLE, Va., Feb. 5, 2026 /PRNewswire/ -- Virginia National Bankshares Corporation (NASDAQ: VABK) (the "Company") announced today the appointment of Robert Lee Burrows, Jr. as a director of the Company, effective February 25, 2026. He has also been appointed as a director of the Company's wholly-owned subsidiary bank, Virginia National Bank.

Mr. Burrows' experience in the financial services industry spans over four decades. In 2008, he founded Banks Street Partners, an Atlanta based financial services focused investment banking firm that became a leading investment firm in the Southeast. In 2019, Banks Street Partners sold to Chicago-based Performance Trust Capital Partners, Inc. He retired as Vice Chairman of Investment Banking at Performance Trust in October 2025. Prior to 2008, he co-owned Trident Financial Corporation/Trident Securities, assisted in founding ComSouth Bankshares, and launched UB Bancorp. He has served and currently serves on several corporate boards of directors as well as serving in a volunteer capacity on several boards.

"We are pleased to welcome Mr. Burrows to the Board of Directors," said William D. Dittmar, Jr. Chairman of the Company and Virginia National Bank. "With his distinguished career that includes founding banks and decades of experience in the financial industry, Mr. Burrows brings knowledge and judgment that will strengthen our Board and support the continued growth of the Company."

About Virginia National Bankshares Corporation

Virginia National Bankshares Corporation, headquartered in Charlottesville, Virginia, is the bank holding company for Virginia National Bank. The Bank has seven banking offices throughout Fauquier and Prince William counties, four banking offices in Charlottesville and Albemarle County (including one limited-service banking facility), and banking offices in Winchester and Richmond, Virginia. The Bank offers a full range of banking and related financial services to meet the needs of individuals, businesses and charitable organizations, including the fiduciary services of VNB Trust and Estate Services. The Company's common stock trades on the Nasdaq Capital Market under the symbol "VABK."  Additional information on the Company is also available at www.vnbcorp.com. 

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SOURCE Virginia National Bankshares

FAQ

Who is Robert Lee Burrows, Jr. and why was he appointed to Virginia National (VABK) board?

He is a financial-services executive with over four decades of experience; appointment effective February 25, 2026. According to the company, his background founding regional banks and an investment-banking firm will strengthen board judgment and support the company’s growth strategy.

When does Robert Burrows officially join Virginia National Bankshares' board (VABK)?

His board appointment is effective on February 25, 2026. According to the company, he will also serve on the board of the bank subsidiary, providing governance continuity across the holding company and the operating bank.

What relevant experience does Robert Burrows bring to VABK's board?

He founded Banks Street Partners in 2008 and retired as Vice Chairman at Performance Trust in October 2025. According to the company, his track record includes founding banks, co-owning securities firms, and serving on multiple corporate boards.

Does Robert Burrows' appointment change VABK's executive leadership or financial guidance?

No executive leadership changes or financial guidance revisions were announced alongside the appointment. According to the company, this is a board-level addition focused on governance rather than an operational or guidance update.

How might Robert Burrows' appointment affect VABK shareholders and strategy?

The appointment is presented as enhancing board expertise and supporting growth initiatives. According to the company, shareholders may benefit from strengthened governance, though no specific strategic actions or financial impacts were disclosed at appointment.