Board of Directors and Executive Officers

The Board of Directors

Kemper W. Baker, Jr., 69, has been a director since 2006.

Mr. Baker, an economist, currently teaches economics and finance classes at Virginia Commonwealth University and Longwood University; he formerly served as Vice President of the Federal Reserve Bank of Richmond until his retirement in June 2004. Mr. Baker, at the time of his retirement, oversaw government, media, bank, community and public relations throughout the Fifth Federal Reserve District as Special Assistant to the President of the Federal Reserve Bank of Richmond. Mr. Baker’s banking and regulatory experience with the Federal Reserve Bank of Richmond, as well as his knowledge of economics makes him well qualified to serve as a director of the Company.

Clarke C. Jones, 64, has been a director since 2008.

Mr. Jones, a retired executive, is currently freelance professional writer. Mr. Jones was President, until 2007, of Scaffolding Solutions, LLC of Richmond Virginia. Prior to then, he had a thirty-one year career with Saunders Oil Company in Richmond Virginia culminating in 2001 as its Executive Vice President. Mr. Jones’ background as an executive of an Oil company and his management experience and leadership abilities provide him the qualifications to serve as a director of the Company.

Herbert E. Marth, Jr., 61 has been a director since 2011.

Mr. Marth was named President and CEO of the Company and Central Virginia Bank on January 1, 2011. Previously he had been serving the Bank as its Chief Operating Officer since June 2, 2010. Prior to joining the Bank, Mr. Marth spent five years as President of Central Virginia for Regions Bank. Previously, he served as Senior Vice President at Omega Performance Corporation from 2000-2005 where he consulted with financial institutions worldwide on effective strategies to improve their performance. He has also held senior management positions at Crestar Bank (now SunTrust) as Executive Vice President and Private Banking Manager, Regency Bank (now BB&T) as Chairman and Chief Executive Officer, and NCNB (now Bank of America) as Senior Vice President and Private Banking Manager. His thirty-five years of banking experience qualify him to serve as a director of the Company.

Elwood C. May, 72, has been a director since 1973.

Mr. May serves as Secretary of the Board of Directors of the Company. He is the retired owner/operator of Flatrock Hardware, Inc., a hardware retailer located in Powhatan, Virginia. Mr. May’s experience as one of the original organizing directors, his experience as a small business owner, and his service as a community leader provide the qualifications to serve as an effective director of the Company.

James T. Napier, 60, has been a director since 1997.

Mr. Napier serves as the Chairman of the Board. He is President of Napier, Realtors ERA which has its main office in Chesterfield County and has branch offices serving Powhatan, Henrico Counties and the City of Richmond and the tri-cities area.  Mr. Napier has been President of the firm since 1991 and has been involved in the real estate business since 1976. Mr. Napier’s experience in real estate sales, his knowledge of real estate in general and his experience as the President of a real estate company provide him the leadership skills and attributes desired to serve as a director of the Company.

Roseleen P. Rick, 71, has been a director since 2005.

Ms. Rick is an attorney and retired partner at Troutman Sanders, LLP, a law firm in Richmond, Virginia, where she served as the leader of the Multifamily Housing Practice Group. Ms. Rick, with her experience as a practicing attorney dealing with multi-family housing transactions and real estate generally, makes her uniquely qualified to serve as a director of the Company.

William C. Sprouse, Jr., 59, has been a director since 2005.

Mr. Sprouse is President of Sprouse Land and Development and Cumberland Building Supply, Inc., one of the largest private businesses in Cumberland County, Virginia. Mr. Sprouse is an experienced President and CEO of a small business and who is well known as a leader in his community, and therefore well qualified to serve as a director of the Company.

Phoebe P. Zarnegar, 66, has been a director since 2005.

Ms. Zarnegar is a CPA and the principal of the firm Farrell & Zarnegar, Certified Public Accountants. Mrs. Zarnegar, as an active CPA, has an extensive background in accounting and tax. This experience makes her very well qualified to serve as a director of the Company.  

Executive Officers Who Are Not Directors

Leslie S. Cundiff, 64, is Senior Vice President and Senior Credit Officer. Prior to joining us in March 2004, she was Senior Vice President and Statewide Site Manager for the Business Lending Group of Wachovia Bank, the successor by merger in 2001 to First Union.  Mrs. Cundiff has over 24 years experience in the commercial lending areas of portfolio risk management, credit underwriting, loan approval, client marketing, and relationship management.

Bobbi Jo Jones, 38, was named Senior Vice President and Chief Financial Officer on November 16, 2012; previously she had been Vice President of Finance. Before joining Central Virginia Bank, she was Director of Finance and Administration for Integrated Business Systems, a privately held company. Prior to that position, she served as Vice President, Investor Relations for Saxon Capital, Inc., a NYSE listed real estate investment trust that was a residential mortgage lender and servicer prior to its sale to Morgan Stanley. Mrs. Jones has over 14 years experience in public accounting focusing in the banking and mortgage industry, holds a Bachelor of Science degree in Accounting from Virginia Commonwealth University and is a licensed CPA in the Commonwealth of Virginia.