Board of Directors
James F. Burr
Mr. Burr has been a managing director in the Global Financial Services Group of The Carlyle Group (“Carlyle”) since July 2008. Mr. Burr was designated to the Bank’s Board of Directors by an affiliate of Carlyle pursuant to the terms of the Investment Agreement between the Bank and Carlyle. From 2006 to 2008, Mr. Burr served as Corporate Treasurer of Wachovia Bank, where he was responsible for activities relating to funding, investing, risk transference, balance sheet management, liquidity, and capital usage. Previously Mr. Burr had served in various other roles, including Assistant Treasurer, Controller of the Corporate and Investment Bank, Product Controller of Treasury/Balance Sheet Management and Structured Products, and Management Analyst, at Wachovia since he began there in 1992. Mr. Burr began his career at Ernst & Young, where he was a CPA focused on banking and computer audit issues. Mr. Burr formerly served on the Board of Directors of Central Pacific Financial Corp. Mr. Burr has more than 20 years of banking and accounting experience, which gives him unique insight into the various regulatory and financial issues facing banking organizations. His experiences at Carlyle and Wachovia have earned him a respected reputation in the banking industry and the Bank believes he is an invaluable asset to the Bank’s Board.
Patrick E. Corbin
Mr. Corbin is the Managing Shareholder of Corbin & Company, P.C. He has been a Certified Public Accountant since 1979. He is a member of professional organizations including the American Institute of Certified Public Accountants, the Virginia Society of Certified Public Accountants, and the Tidewater Chapter of the Virginia Society of Certified Public Accountants, and has served as an adjunct member of the City of Chesapeake, Virginia audit committee since 2010, and is qualified as an expert witness in business valuations and accounting matters in a number of jurisdictions in Virginia, Maryland, and Texas. He was designated as “Super CPA” by Virginia Business magazine in the fields of litigation support and business valuation for the years 2002-2013. Mr. Corbin brings significant experience to the Board in the fields of accounting and small business.
Henry P. Custis, Jr.
Mr. Custis is a Partner at Custis, Dix, Lewis and Custis, a law firm in Accomac, Virginia. He has practiced law since 1970. He was Chairman of the Board of Shore Bank from 1997 until its merger with Bank of Hampton Roads on June 1, 2008. He has served on bank boards for over 40 years, and has been an investor for over 35 years. Mr. Custis’ familiarity with the Bank, and his extensive experience in bank governance, make him highly qualified to serve on the Bank’s Board of Directors.
Palmer P. Garson
Palmer P. Garson, Director, is Managing Director of Silvercrest Asset Management Group LLC, a wealth management and investment banking company. Previously, Garson served as Managing Director of Cary Street Partners, a wealth management and investment banking company, and 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.
Robert B. Goldstein
Mr. Goldstein is a Founding Principal in CapGen Capital Advisers LLC (“CapGen”), a private equity fund that invests in banks and financial service companies. Mr. Goldstein was designated to the Bank’s Board by an affiliate of CapGen pursuant to the terms of the Investment Agreement between the Bank and CapGen. His experience includes many years in commercial banks, savings and loan associations, and other financial institutions. Over the years, he has been CEO of numerous banks and thrift banks, ranging in size from small to large cap and located in various geographic areas, and on the boards of directors as both a management member as well as serving as an independent director. In addition to his role as a Founding Principal of CapGen, Mr. Goldstein serves on the board of Jacksonville Bancorp, Jacksonville, FL. Additionally, he is a member of the Executive Network of Glencoe Capital LLC, Chicago, IL. Mr. Goldstein draws from a team of highly experienced bankers who bring skills in diverse areas such as risk management, asset quality administration, audit, finance, and marketing. Mr. Goldstein’s many years of experience in the banking industry makes him an invaluable member of the Bank’s board of directors.
Robert J. Merrick
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 EVP and Chief Credit Officer of Signet Banking Corporation.
William A. Paulette
Mr. Paulette was a director of Gateway Financial Holdings, Inc. (“Gateway”) at the time of its merger with Bank of Hampton Roads on December 31, 2008 and was a director of Bank of Richmond from 1998 to 2007. He has served on the board of Virginia Military Institute since 2003. He is founder, President, and CEO of KBS, Inc., a construction firm based in Richmond, Virginia. He is responsible for the general management of KBS including its financial success. Mr. Paulette brings to the Board substantial knowledge of the construction business and the Richmond market.
John S. Poelker
Mr. Poelker had been the President of The Poelker Consultancy, Inc. since 2005. The Poelker Consultancy, Inc. provides a wide range of strategic and financial management advisory and consulting services to banks and financial services companies. Through his consultancy, Mr. Poelker has served in a number of senior executive officer roles on a temporary basis at various financial institutions, including: Chairman, President, and CEO of CertusBank, N.A. from August 2014 to May 2015; Interim President and CEO of CertusBank, N.A. from April 2014 to August 2014; Chief Financial Officer of State Bank Financial Corporation from August 2010 to October 2011; Chief Executive Officer of Beach First National Bank from February 2010 to April 2010; President and Chief Executive Officer of State Bank of Georgia from December 2009 to February 2010; and President and Chief Executive Officer of Georgian Bancorporation Inc. and Georgian Bank from July 2009 through September 2009. Previously, he had served as Executive Vice President and Chief Financial Officer of Old National Bancorp from 1998 to 2005. Mr. Poelker currently serves on the Board of Directors of First Banks, Inc. He previously served on the Board of Directors of First Charter Corporation from 2006 until it was acquired by Fifth Third Bank in 2008, and Capmark Financial Group, Inc. from September 2011 to October 2014. Mr. Poelker brings experience and knowledge of the banking and financial services industry through his consultancy and executive officer roles that bring significant attributes to the Board of Directors.
Scott A. Reed
Scott A. Reed, Director, is a Principal and Founder of BankCap Partners. Previously, he served as SVP 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.
Thomas G. Snead, Jr.
Thomas G. Snead, Jr., Director, is the former President and CEO of Wellpoint, Inc., Southeast Region, and previously served as President of Anthem Southeast, a subsidiary of Anthem, Inc., and Chairman and CEO of Trigon Healthcare, Inc., a managed healthcare company. Snead served on the board and as Chairman of LandAmerica Financial Group Inc., and currently serves on the Board of Directors of Tredegar Corporation (NYSE: TG) and CSA Medical, Inc., a medical device company, as well as several community organizations, including the Community Foundation, the Virginia Home for Boys and Girls Foundation, and the Virginia Commonwealth University School of Business Foundation.
Jon F. Weber
Mr. Weber was designated to the Bank’s Board of Directors by an affiliate of Anchorage Capital Group, L.L.C. (“Anchorage”) pursuant to the terms of the Investment Agreement between the Bank and Anchorage. Mr. Weber is Managing Director and Head of the Global Portfolio Group at Anchorage, a position he has held since 2010. Previously, he served as a Managing Director and Head of Portfolio Company Operations in the Global Special Situations Group at Goldman Sachs & Co. and Head of Portfolio Company Operations at Icahn Associates.
Mr. Witt was Chairman of the Board of Coastal Virginia Bank from 1987 until it was merged with Bank of Hampton Roads in 1992. In addition to being a director of the Bank since 2001, Mr. Witt was also a director of Bank of Hampton Roads from 1991 to 2010. He has been the Owner and President of Inner-view, Ltd., a utility contractor, since September 1976. Mr. Witt’s involvement with utility contracting acquaints him with a wide network of community officials and other contractors. He is knowledgeable regarding the South Hampton Roads real estate and development market and many of its participants.