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Management Team

We are proud of the highly experienced and capable Management Team that we have assembled.  The Team currently includes six Executives with a combined total of over 160 years of experience in the banking industry.  The majority of this experience is in Virginia and is spread across large, medium and small banks.  Further, each Executive has experience across multiple disciplines within the banking industry. 

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


T. Gaylon Layfield, III

President and Chief Executive Officer

 
Mr. Layfield has nearly three decades of banking experience.  Prior to the formation of Xenith, he served as President and Chief Operating Officer of Signet Banking Corporation (a $12 billion asset regional bank), a position he held from 1996 until Signet's acquisition by First Union Corporation (now Wells Fargo & Co.) in 1997.  Previously, he served as Senior Executive Vice President and as head of its retail and commercial lines of business, regional management and international banking.

 


Thomas W. Osgood

EVP, Chief Financial Officer and Chief Administrative Officer

 
Mr. Osgood has nearly 25 years of banking experience and almost 10 years as an entrepreneur and business owner. From 1998 until joining Xenith, he was Executive Vice President of East Coast Fire Protection, Inc., a firm he helped to grow into one of the largest fire protection firms in the United States. Prior to that, Mr. Osgood was with Signet Banking Corporation from 1983 until its acquisition by First Union in 1997. While at Signet, he served in multiple roles, including Managing Director of Investment Banking and Senior Vice President in Credit Risk Management. He began his career with Wachovia Bank in 1978.

 


Wellington W. "Chris" Cottrell, III

EVP and Chief Credit Officer

 
Mr. Cottrell has more than 30 years of banking experience. Prior to joining Xenith, he served as Managing Director of Risk Management in the Corporate and Investment Banking Group at SunTrust Bank, a position he held from 2000 through 2008, and before that was a Risk Manager in SunTrust's Corporate and Investment Bank. Prior to SunTrust, he was Senior Vice President and Risk Manager for the Corporate Banking Group of Crestar Bank.

 


W. Jefferson O'Flaherty

EVP of Private Banking

 
Mr. O'Flaherty has more than 33 years of banking experience. Prior to joining Xenith, he served as Regional Managing Director of Wachovia Wealth Management for Wachovia Bank (now Wells Fargo & Co.) from 2001, when First Union Bank merged with Wachovia Corporation, until December 2007. Mr. O'Flaherty's responsibilities included leading the private banking and wealth strategies for the Richmond, Charlottesville, Lynchburg, and Roanoke markets. From November 1997 to 2011, Mr. O'Flaherty served as Managing Director with First Union Bank. He began his career with Bank of Virginia in 1974 and served in various capacities, culminating in his role as Senior Vice President and Manager of Private Banking for Signet Banking Corporation, which was acquired by Frist Union in 1997.

 


Edward H. Phillips, Jr.

EVP and Chief Lending Officer

 
Mr. Phillips has more than 20 years of experience in banking.   Prior to joining Xenith, he served as Senior Vice President and Regional Corporate Banker for BB&T, a position he held from 2004 until 2008, and before that was Senior Vice President and Commercial Relationship Manager from 2000 until 2003.  He previously served in various capacities at Bank of America, Wachovia and Central Fidelity.

  


Michael E. Keck

EVP and Richmond Market President

 
Mr. Keck has been in banking and commercial finance for more than 30 years in the Richmond market. He previously worked for Paragon Commercial Bank. Prior to joining Paragon, he was with Bank of America for over 20 years where he served as Senior Vice President in various middle market commercial banking roles.

 


Ronald E. Davis

EVP and Chief Operations and Technology Officer

 
Mr. Davis has more than 30 years of banking experience.  Prior to joining Xenith, he was President and CEO of Virginia Heartland Bank and then its successor, Second Bank and Trust (part of Virginia Financial Group), and President and Chief Executive Officer of Metro County Bank, a de novo bank in Richmond. He previously held positions with First National Bank, Signet Banking Corporation, including corporate banking and credit risk management, Citizens and Southern National Bank, and National Bank of Commerce in Lincoln, Nebraska.

  


Bill J. Callaghan

SVP and Chief Technology Officer

 
Mr. Callaghan has more than 30 years of banking experience. Prior to joining Xenith, he served as Chief Information Officer at C&F Financial Corporation, a position he held from 2004 through 2008. Prior to that, Mr. Callaghan spent seven years in Pennsylvania and Maryland, working for several financial institutions in senior management roles responsible for managing Operations and Technology areas. He spent seventeen years in banking in California; his primary employer during this time was California Bancshares, Inc.

 


James R. A. (Bob) Stanley, Jr.

SVP, Suffolk Market President

 
Mr. Stanley has over 25 years of banking experience. Prior to joining Xenith Bank, he served as Executive Vice President and Chief Credit Officer of SuffolkFirst Bank, a position he held since the banks founding in 2002. He was with First Virginia Bank and one of its acquired banks, James River Bankshares / Bank of Suffolk from 1993 through 2002, serving in a variety of management positions, including senior roles in commercial lending. He began his career with First American Bank of Virginia.

 


Linda D. Majikes

SVP, Human Resources and Facilities

 
Ms. Majikes served as a Human Resources, Strategy and Project Management consultant from 1998 until joining Xenith in 2008. Prior to that, Ms. Majikes was with Signet Banking Corporation from 1982 until its acquisition by First Union in 1997 (now Wells Fargo & Co.). While at Signet, she served in multiple roles, culminating in her role as Senior Vice President of Physical Resource Management, which included facilities, property, and construction project management.

 


C. Dixon Wallace, Jr.

EVP, Commercial Real Estate

 
Mr. Wallace has nearly 30 years of commercial banking experience with a primary concentration in commercial real estate. Prior to joining Xenith in 2008, he served as Senior Vice President in the Richmond office of the Real Estate Finance Division of Wachovia Bank (now Wells Fargo & Co.) and its predecessor Central Fidelity Bank, which he joined in 1987. Previously, he was with BB&T in North Carolina and served in various banking roles.

 


Judy C. Gavant

Senior Vice President and Controller

 
Ms. Gavant joined Xenith in August 2010. Prior to joining Xenith, she held the positions of Director, Finance-Corporate and Business Development and Director and Assistant Controller at Owens & Minor, Inc. (OMI), a FORTUNE 300 company and Director of Finance and Controller for Tredegar Film Products, Inc., a wholly-owned subsidiary of Tredegar Corporation (TG). Prior to this, Ms. Gavant was Chief Financial Officer of Envera LLC, an industry-owned start-up that provided web-enabled supply chain services for the chemical industry, and held various roles in the areas of taxation and mergers, acquisitions and divestitures at Dominion Resources, Inc. (D), a FORTUNE 200 company, and Assistant Treasurer of Dominion Energy, Inc., a wholly-owned subsidiary of Dominion Resources, Inc. She served in the audit and tax practices of PricewaterhouseCoopers LLP.

 


Joseph B. Humphries

EVPand Greater Washington, D.C. Market President

 
Mr. Humphries is a commercial finance professional with more than thirty years of experience, primarily in the Washington D.C. area. Prior to joining Xenith, he was Executive Vice President and Senior Lending Officer at Access National Bank. He also helped start and build Potomac Bank of Virginia and served as Potomacís Executive Vice President and Senior Lending Officer. He began his career at First and Merchants Bank and successors (now Bank of America) and was with Wachovia Bank (now Wells Fargo & Co.) for a number of years.