MIDLOTHIAN, Va., March 25, 2011 (GLOBE NEWSWIRE) -- Bank of Virginia (Nasdaq:BOVA) ( www.bankofva.com ), announced Nancy Corsiglia as Executive Vice President and Chief Financial Officer. "Bank of Virginia's board of directors is extremely pleased to have Nancy on our senior management team," Jack Zoeller, Chairman and CEO of Bank of Virginia, said. Nancy assumed the position of interim Chief Financial Officer during the 4th quarter of 2010, and quickly became a valuable contributor and advisor to the Bank's management and Board. Mr. Zoeller continued: "As a highly trained financial executive, Nancy brings great talent and a depth of knowledge to Bank of Virginia. In addition, her valuable experience and expertise in financial management and strategy, including capital markets, treasury operations, asset-liability management, financial disclosure, Sarbanes-Oxley compliance and corporate governance makes her uniquely qualified to serve in the critical role of Chief Financial Officer. We are indeed fortunate to have Nancy at Bank of Virginia. "Ms. Corsiglia has had an outstanding career in finance." She served for 15 years as Chief Financial Officer of the Federal Agricultural Mortgage Corporation (FAMC), a New York Stock Exchange listed corporation. She co-started and was instrumental in building FAMC from a start-up into both a national secondary market for agricultural and rural loans and a financial guarantor with a $10 billion book of business. Previously she was a Vice President of Federal Government Finance at Paine Webber Inc. and a Manager in the Treasurer's Office of General Motors Corporation. She started her career in commercial banking in New York City. Currently she is a member of the Board of Directors of the Private National Mortgage Acceptance Company Mortgage Opportunity Funds and a member of the Board of Trustees of the Stoneleigh-Burnham School. She holds an MBA from the Tuck School of Business at Dartmouth College and an AB in Economics from Smith College.