FREDERICKSBURG — Virginia Partners Bank, based in Fredericksburg, has opened its doors.
The bank received approval for deposit insurance from the FDIC in June. This was the final regulatory approval necessary to open for business. Earlier this year, the bank received approval from the Commonwealth of Virginia and from the Federal Reserve System. The bank will be chartered as a State Member bank and plans to open with two branch offices in Fredericksburg and an administrative/commercial loan office, also in Fredericksburg.
“We are simply delighted to finally reach this stage,” said Hon. John H. Chichester, chairman of the board. “We are looking forward to serving the people of our community as the only locally owned and managed bank in Fredericksburg.”
Virginia Partners Bank's temporary downtown Fredericksburg branch is located at 425 William St. The temporary branch will operate until the permanent branch at 410 William St. opens in early 2010. The bank plans to open a second full-service branch in the Westwood Shopping Center at 2101 Plank Road this
fall.
The bank will offer a full array of financial services at its branches and through online banking.
“We have worked long and hard to reach this point,” said Bill Young, chief executive officer of Virginia Partners Bank. “Throughout this process, I have been extremely gratified by the positive ‘buzz on the street.’ We think that there is a tremendous opportunity for us to serve our community with the best brand of local banking.”
For more information on the bank, visit VAPartnersBank.com of call (540) 899-2265.
— Press release
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