Industries Banking/Finance

Union First Market makes management change

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Richmond-based Union First Market Bankshares Corp. announced Monday that D. Anthony “Tony” Peay has been named chief banking officer for Union First Market Bank and will continue as executive vice president. 

Peay, 52, was previously executive vice president and chief financial officer. He became CFO of Union First Market Bank when he joined the company in 1994 and was named executive vice president in 2003.  He will continue to serve as CFO until a replacement has been named. 

The previous chief banking officer, David J. Fairchild, will remain as president of Union First Market Bankshares and will continue to serve on its board, focusing on strategic initiatives such as non-banking lines of business and business combinations.

Fairchild, 60, was named president of Union First Market Bankshares, executive vice president and chief banking officer of Union First Market Bank in February 2010 and is a member of the board of directors of Union First Market Bankshares.

“By giving Tony and Dave an opportunity to focus on different aspects of our business we will broaden the skill set of our management team and bring their perspective and leadership to those areas of our business,” G. William Beale, the CEO of Union First Market Bankshares, said in statement. 

 


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