This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Michael A. Mancusi Named Director Of Xenith Bankshares And Xenith Bank

RICHMOND, Va., Feb. 3, 2012 /PRNewswire/ -- Xenith Bankshares, Inc. (NASDAQ:  XBKS) announced that on February 2, 2012, its Board of Directors elected Michael A. Mancusi to serve as a Director of Xenith Bankshares and Xenith Bank.  Mr. Mancusi is a Managing Director in the Financial Services practice of FTI Consulting, a global business advisory firm with offices in Washington, D.C., that provides consulting solutions to a wide range of industries, including banking and financial services companies.

Mr. Mancusi will also serve on the Asset and Liability Committee and the Credit Policy Committee of the Board of Directors of both Xenith Bankshares and Xenith Bank.

Mr. Mancusi has consulted with leading financial institutions, both domestically and internationally, for more than 25 years.  In 1986, Mr. Mancusi co-founded The Secura Group where he served as Managing Director and Chief Executive Officer from 1993 to 2007, when the firm was acquired by LECG, LLC, which later sold the firm to FTI Consulting in March 2011.  Mr. Mancusi consulted on a wide variety of issues, including risk management, the credit management process, regulatory compliance, and management and organizational issues.

Prior to co-founding Secura, Mr. Mancusi spent 18 years with the Office of the Comptroller of the Currency (OCC) as an examiner and senior policy maker.  He was a member of the Comptroller's policy group, the OCC's Senior Management Committee.

Malcolm McDonald, Chairman of Board of Xenith Bankshares said, "We are delighted to have a seasoned banking professional of Mike's background and capabilities join the Xenith Bankshares and Bank Boards.  Mike's extensive experience as a leading industry consultant and experienced bank regulator will bring added depth and will enable him to make immediate and significant contributions to the Boards."

Xenith Bankshares, Inc. is the holding company for Xenith Bank.  Xenith Bank is a full-service, locally-managed commercial bank, specifically targeting the banking needs of middle market and small businesses, local real estate developers and investors, private banking clients, and select retail banking clients.  As of September 30, 2011, the company had total assets of $470.0 million and total deposits of $362.3 million.  Xenith Bank's target markets include Metropolitan Washington, D.C., Greater Richmond, and Hampton Roads.  The company is headquartered in Richmond, Virginia and currently has six branch locations in Tysons Corner, Richmond and Suffolk, Virginia.  Xenith Bankshares common stock trades on The NASDAQ Capital Market under the symbol "XBKS."

For more information about Xenith Bankshares and Xenith Bank, visit our website:

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs