Virginia National Bankshares Business Summary

Virginia National Bankshares Corp (VABK) operates as the bank holding company for Virginia National Bank, generating the majority of its revenue through net interest income from a diverse portfolio of commercial and retail loans, as well as non-interest income from fiduciary and asset management fees. The company’s operations are organized into four primary business segments: the Bank, which handles traditional commercial and retail banking; VNB Trust and Estate Services; Sturman Wealth Advisors; and Masonry Capital, an investment management firm. VABK positions itself as a relationship-driven community bank serving Central and Northern Virginia, competing directly with regional peers such as National Bankshares, Inc. (NKSH), First National Corp (FXNC), and Peoples Bancorp of North Carolina (PEBK). Within this landscape, VABK distinguishes itself by integrating high-touch commercial lending with sophisticated wealth management services typically reserved for larger institutional players. The leadership team is anchored by President and CEO Glenn W. Rust, who has led the company since 2013 and brings over 50 years of experience in financial services and technology. In November 2025, the company executed a key leadership transition, appointing Cathy W. Liles as Executive Vice President and Chief Financial Officer, succeeding the retiring Tara Y. Harrison. Virginia R. Bayes, the Executive Vice President and Chief Banking Officer, provides critical institutional continuity, having been with the bank since its founding in 1998. The Board of Directors is chaired by William D. Dittmar, Jr., and recently expanded its expertise with the February 2026 appointment of Robert Lee Burrows, Jr., a veteran investment banker and founder of Banks Street Partners, whose tenure officially begins on February 25, 2026.