OAK VIEW NATIONAL BANK OPENS FOR BUSINESS
Warrenton, VA (June 8, 2009) Oak View National Bank opened for business after receiving final regulatory approvals from the FDIC and Office of the Comptroller of the Currency (OCC).
Stockholders met on May 4th to approve the name change, after successfully raising capital in excess of $14 million. Oak View National Bank opened for business at both locations: 128 Broadview Avenue, Warrenton, Virginia, and 4174 D Old Stockyard Road, Marshall, Virginia.
“These are challenging times in the financial industry” said Michael A. Ewing, President and CEO of the Bank. “Oak View National Bank is staffed with a highly experienced team of local bankers with more than 250 years of combined, financial experience. This level of experience, in our local market will provide the customer with a one-of-a-kind relationship that the customer can count on, especially during economic times such as they are today”.
In 2007, driven by recent bank consolidations, a group of 8 local businesspeople and experienced bankers were committed to take action and establish a new community bank. The successful capital raise shows that stockholders believe in a financial institution grounded in fundamental principles and local values.
“Our goal is to establish long-term relationships with our customers and treat them as we want to be treated. This coincides with our philosophy, which is keeping an eye to the future and holding firm respect for our community’s traditions because we are ‘locally owned, locally managed, locally involved’, which sets us apart from our competition,”continued Mr. Ewing.
Founding Directors are: Donald R. Yowell, Chairman, Lewis S. Wiley, Vice Chairman, Randolph S. E. Carter, Michel A. Ewing, President & CEO, Alvin F. Henry, Kevin A. Lee, Sr. Executive Vice President & Senior Lending Officer, Norris A. L. Royston, Jr., M.D.
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