Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 2, 2020, C. Frank Scott, III, President of Virginia Commonwealth Bank
(the "Bank"), the wholly-owned subsidiary bank of Bay Banks of Virginia, Inc.
(the "Company"), notified the Company and the Bank of his plan to retire as
President of the Bank effective June 30, 2020. Mr. Scott, current Chairman of
the Board of Directors of the Company, intends to continue in the chairman
position following his retirement.
Item 8.01 Other Events.
On January 2, 2020, the Company issued a press release announcing the
appointment of Michael H. Troutman to the positions of Executive Vice President
of the Company and Executive Vice President and Chief Revenue Officer of the
Bank. A copy of the Company's press release is attached as Exhibit 99.1 to this
Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press release, January 2, 2020© Edgar Online, source Glimpses
BAY BANKS OF VIRGINIA, INC. 