VFGI Virginia Financial Grp. (MM)

Planters Bank Affiliate Names New President CULPEPER, Va., Jan. 12 /PRNewswire-FirstCall/ -- Virginia Financial Group, Inc. (NASDAQ:VFGI) announced today that its Planters Bank & Trust affiliate has hired James T. Huerth as President and CEO of the Company. Mr. Huerth's hiring comes as part of a planned succession for William D. Stegall, immediate past President and CEO of Planters. Mr. Stegall has assumed a new role as Banking Consultant to Virginia Financial Group, Inc.(VFG), the parent company. An eighteen-year banking veteran of BB&T, Mr. Huerth was previously the Area Executive for BB&T in its North Georgia region. He is a 1984 graduate of North Carolina State University with a degree in Economics and Business Management. Mr. Huerth has been very active in numerous community activities and has served on the Boards of the North Carolina State Investment Fund and is a Trustee of Gainesville College, a member of the University of Georgia System. VFG is one of the largest Virginia-based community bank holding companies. VFG is the parent company for Planters Bank & Trust Company of Virginia -- in Staunton; Second Bank & Trust -- in Culpeper; Virginia Heartland Bank -- in Fredericksburg and Virginia Commonwealth Trust Company -- in Culpeper. The Company is a traditional community banking provider, offering a full range of business and consumer banking services including trust and asset management via its trust company affiliate. The organization maintains a network of thirty-seven branches serving Central and Southwest Virginia. It also maintains five trust and investment service offices in its markets, and loan production offices located in Charlottesville and Lynchburg. DATASOURCE: Virginia Financial Group, Inc. CONTACT: Jeffrey W. Farrar, EVP & CFO of Virginia Financial Group, Inc., +1-540-829-1603 Web site: http://www.vfgi.net/

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