Virginia Partners Bank president and CEO announces retirement

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Virginia Partners Bank’s president and CEO announced his retirement, effective June 30.

Young will be succeeded by Lloyd B. Harrison III who currently serves as the bank’s president and chief operating officer.

Young helped establish Virginia Partners Bank in 2007. Before that, he served as president and CEO of The National Bank of Fredericksburg for 13 years.

Virginia Partners Bank has three branches in Fredericksburg and plans to open a fourth full-service branch in La Plata, Md., later this year.

Virginia Partners Bank has approximately $240 million in assets, ranking No. 3 in market share of the 10 financial institutions operating in Fredericksburg.

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