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Xenith Bankshares Board of Directors

We are proud of the Board of Directors that we have assembled.  Our Directors represent an extremely accomplished group of individuals with the following characteristics:

  • Extensive Board and Senior Management experience
  • Broad range of industry experience, including extensive banking industry experience
  • Thorough knowledge and experience related to corporate governance and controls
  • Strong track record of community and philanthropic involvement

Please note that information related to Corporate Governance is included in the Investor Relations section of this site (included under About Us).

Malcolm S. McDonald is the Chairman of the Board of Directors of Xenith Bankshares.  He served as Chairman and Chief Executive Officer of Signet Banking Corporation (a $12 billion regional bank) from 1996 until Signet's acquisition by First Union National Corporation (now Wells Fargo & Co.) in 1997.  He joined Signet in 1970 and rose through various positions to become President in 1990.  He began his career with Irving Trust Company in New York, where he worked for 10 years.

T. Gaylon Layfield, III is the President and CEO of Xenith Bankshares.

Larry L. Felton, Director, was the Chairman of First Bankshares, Inc. and SuffolkFirst Bank prior to the 2009 merger with Xenith. Mr. Felton previously served as Vice President, Chief Financial Officer, and Operations Officer of Angus I. Hines, Inc. (a petroleum distributor and convenience store chain operator).

Palmer P. Garson, Director, is Managing Director of Cary Street Partners, a wealth management and investment banking company.  Previously, Ms. Garson co-founded and served as Managing Partner of Jefferson Capital Partners, a private equity firm.  She has also worked for Morgan Stanley & Co., A.G. Edwards, and Mellon Bank.

Patrick D. Hanley, Director, was the Senior Vice President and Chief Financial Officer of Overnite Corporation through its transition from a subsidiary of Union Pacific Corporation to a public company and subsequent sale to UPS.  He is currently engaged in consulting, private equity investing and as an active board member with a number of civic and philanthropic organizations.  He also serves on the Board of Directors of NewMarket Corporation (NYSE).

Peter C. Jackson, Director, was a Director of First Bankshares, Inc. and SuffolkFirst Bank prior to the 2009 merger with Xenith. Since 1999, he has been President of Jackson Real Estate, a real estate investment company.

Robert J. Merrick, Director, was Chief Investment Officer of MCG Capital Corporation (MCG), which provides capital to support the growth and value creation strategies of small- to mid-sized companies.  He was also on MCG's Board of Directors.  Previously, he served as Executive Vice President and Chief Credit Officer of Signet Banking Corporation.

Scott A. Reed, Director, is a Principal and Founder of BankCap Partners.  Previously, Mr. Reed served as Senior Vice President at Carreker Corporation, a publicly traded bank-focused financial technology company.  Prior to that, he worked in the Financial Institutions Group at Bear, Stearns & Co. Inc., and as a management consultant with Bain & Company.

Mark B. Sisisky, Director, is currently a Managing Director of Heritage Wealth Advisors, an investment management advisory firm. He also serves as Managing Partner and Chief Investment Officer of New Dominion of Virginia LLC, an active investment partnership.  Prior to that, he was a managing director of Caprin Asset Management, a registered investment advisor specializing in the management of fixed income portfolios. Previously, he served for 14 years as President and Chief Executive Officer of Lee Distributing Co., Inc., an Anheuser-Busch wholesaler, serving Southside Virginia.

Michael A. Mancusi, Director, is a Managing Director in the Forensic and Litigation Consulting practice of FTI Consulting LLC, a global business advisory firm that provides consulting solutions to a wide range of industries, including banking and financial services companies.  In 1986, he co-founded The Secura Group where he served as Managing Director and Chief Executive Officer from 1993 to 2007, when the firm was acquired by LECG, LLC, which later sold the firm to FTI Consulting LLC in March 2011.  Prior to co-founding The Secura Group, spent 18 years with the Office of the Comptroller of the Currency (OCC) as an examiner and senior policy maker.  He was a member of the Comptrollerís policy group, the OCCís Senior Management Committee. 

Thomas G. Snead, Jr., Director, is the former President and Chief Executive Officer of Wellpoint Inc., Southeast Region, and previously served as President of Anthem Southeast, a subsidiary of Anthem, Inc., and Chairman and Chief Executive Officer of Trigon Healthcare, Inc., a managed healthcare company. Mr. Snead served on the board and as a Chairman of LandAmerica Financial Group Inc., and currently serves on the Board of Directors of CSA Medical, Inc., a medical device company, as well as several community organizations, including ChildFund International, The  Community Foundation and the Virginia Commonwealth University School of Business School Foundation. Mr Snead was appointed to the Tredegar Board of Directors at the May 2013 annual meeting He also serves on audit and the Nominating and Governance Committees.