Bank of the James Financial Group Announces Promotion of Michael A. Syrek to President of Bank of the James
October 13 2021 - 2:18PM
Bank of the James Financial Group, Inc. (the “Company”)
(NASDAQ:BOTJ), the parent company of Bank of the James (the
“Bank”), a full-service commercial and retail bank serving Region
2000 (the greater Lynchburg MSA), and the Blacksburg,
Charlottesville, Harrisonburg, Lexington, and Roanoke, Virginia
markets, today announced the promotion of Michael A. Syrek to
President of the Bank.
Effective October 13, 2021, Michael A. Syrek has been promoted
to President of the Bank of the James. In his new role, Mr. Syrek
will continue to help lead the commercial banking efforts as well
as take on strategic initiatives and assignments. Robert R.
Chapman, III, CEO, commented, “Mike has been a strong leader in our
organization for some time now, and this new step will allow for
him to use his talents in the hopeful continued growth of our
company.”
Mr. Syrek joined the bank in 2012 as Executive Vice President
and Chief Loan Officer after having been President of SunTrust Bank
in Lynchburg, where he managed relationship managers in Virginia
and West Virginia. Mr. Syrek has played an integral role in
continuing the development of the Bank’s commercial team and
relationships, proving his expertise as we made strategic moves to
the Charlottesville, Harrisonburg and Roanoke markets.
Mr. Chapman will remain CEO of the Bank and President of the
Company and will continue to serve as a director of both entities.
Mr. Syrek will continue to report to Mr. Chapman. By separating the
Bank’s CEO and President positions, Mr. Chapman will be able fully
concentrate on executing the Bank’s strategic plan.
About the Company
Bank of the James, a wholly owned subsidiary of Bank of the
James Financial Group, Inc. opened for business in July 1999 and is
headquartered in Lynchburg, Virginia. The bank currently services
customers in Virginia from offices located in Altavista, Amherst,
Appomattox, Bedford, Blacksburg, Charlottesville, Forest,
Harrisonburg, Lexington, Lynchburg, Madison Heights, Roanoke, and
Rustburg. The bank offers full investment and insurance services
through its BOTJ Investment Services division and BOTJ Insurance,
Inc. subsidiary. The bank provides mortgage loan origination
through Bank of the James Mortgage, a division of Bank of the
James. Bank of the James Financial Group, Inc. common stock is
listed under the symbol “BOTJ” on the NASDAQ Stock Market, LLC.
Additional information on the Company is available at
www.bankofthejames.bank.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains statements that constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. The words "believe,"
"estimate," "expect," "intend," "anticipate," "plan" and similar
expressions and variations thereof identify certain of such
forward-looking statements which speak only as of the dates on
which they were made. Bank of the James Financial Group, Inc. (the
"Company") undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events, or otherwise. Readers are cautioned
that any such forward-looking statements are not guarantees of
future performance and involve risks and uncertainties, and that
actual results may differ materially from those indicated in the
forward-looking statements as a result of various factors. Such
factors include, but are not limited to, competition, general
economic conditions, potential changes in interest rates, the
effect of the COVID-19 pandemic, and changes in the value of real
estate securing loans made by Bank of the James (the "Bank"), a
subsidiary of the Company. Additional information concerning
factors that could cause actual results to materially differ from
those in the forward-looking statements is contained in the
Company's filings with the Securities and Exchange Commission and
previously filed by the Bank (as predecessor of the Company) with
the Federal Reserve Board.
CONTACT: J. Todd Scruggs, Executive Vice President and Chief
Financial Officer (434)
846-2000.tscruggs@bankofthejames.com
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