New CEO set to take the reins at Colonial Virginia Bank
Bill Farinholt, chief executive officer of Gloucester-based Colonial Virginia Bank, announced Oct. 27 his decision to retire by June 30, 2011. Veteran banker Robert L. "Bob" Bailey will succeed him, Farinholt said.
Bailey joined CVB Sept. 1 as the new executive vice president and senior lending officer.
"We are excited about our future and the opportunity to reunite with Bob," Farinholt said "He has a proven track record as a community banker."