Virginia Bankshares, Inc. is the bank holding company for Virginia Bank, a community bank headquartered in Virginia Beach, Virginia. Established in 1894, the company offers a range of retail and commercial banking services designed to meet the needs of individuals, families and small to mid-sized businesses across the Hampton Roads region. Through its network of branches and digital platforms, Virginia Bank provides accessible banking solutions that blend local decision-making with the resources of a growing regional institution.
The company’s core business activities include traditional deposit products such as checking accounts, savings accounts and certificates of deposit, as well as a suite of lending services. These lending solutions encompass commercial and industrial loans, residential mortgage financing, home equity lines of credit and consumer installment loans. In addition, Virginia Bank offers treasury and cash management services, letters of credit, and equipment leasing to support the operational needs of its business clients.
Beyond its robust lending and deposit offerings, Virginia Bankshares has expanded into wealth management, trust administration and retirement planning services. This diversified approach enables the company to serve high-net-worth individuals and community institutions, providing investment advisory, estate planning and fiduciary services through its trust department. The company also holds an active role in originating Small Business Administration loans, further demonstrating its commitment to fueling local economic development.
Governed by a board of directors comprising regional business leaders, Virginia Bankshares is led by President and Chief Executive Officer James R. Anderson, who has guided the organization’s strategic growth since 2016. Under his stewardship, the company has reinforced its community banking philosophy, pursuing targeted expansion within Southeastern Virginia while maintaining a customer-centric culture rooted in personalized service and local engagement.
AI Generated. May Contain Errors.