Robert Sims Hired To Lead Bank Of Virginia's Retail Banking

MIDLOTHIAN, Va., Oct. 4, 2012 (GLOBE NEWSWIRE) -- Bank of Virginia (the "Bank") (Nasdaq:BOVA) ( www.bankofva.com ), announced today the hiring of Robert Sims as Senior Vice President of Retail Banking. Mr. Sims brings 25 years of experience in retail banking, product innovation, and marketing.

"Robert is a tremendous addition to Bank of Virginia as we begin pursuit of our organic and strategic growth objectives," said Jack Zoeller, Chairman and CEO of the Bank. "He has helped banks ranging in size from $5 billion to $25 billion improve their branch performance, expand in-state and across state lines, and assimilate new branch networks. We are delighted that Robert has joined our highly talented team." Mr. Sims will be responsible for Bank of Virginia's client service excellence, retail branch system, and introduction of new products and technologies.

Mr. Sims has served in senior retail and marketing positions at Chittenden Bank, NBT Bank and First Tennessee Bank. His product innovation successes include the Visa Payroll card, selected as a BusinessWeek Best New Product of the Year. His service excellence initiatives have resulted in customer satisfaction scores higher than all other major banks and most mainstream retailers.

Robert is a resident of Moseley, Virginia where he resides with his wife Marjorie and their ten children.

About Bank of Virginia

Bank of Virginia, a state chartered bank headquartered in Midlothian, Virginia, currently operates four full-service offices in the counties of Chesterfield and Henrico, Virginia. Bank of Virginia's common stock is traded on the NASDAQ stock market under the quotation symbol "BOVA". Additional investor relations information can be found on the internet at www.bankofva.com . Bank of Virginia is a member of the FDIC and Equal Housing Lender.

DISCLAIMER

The information as of and for the three and six months ended June 30, 2012, as presented, is unaudited. This news release may include forward-looking statements. These forward-looking statements are based on current expectations that involve risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may differ materially. These risks include: changes in business or other market conditions; the timely development, production and acceptance of new products and services; the challenge of managing asset/liability levels; the management of credit risk and interest rate risk; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed in the Bank's periodic filings with the Board of Governors of the Federal Reserve System, including the Bank's annual report on Form 10-K. Pursuant to the Private Securities Litigation Reform Act of 1995, the Bank does not undertake to update forward-looking statements contained within this news release.
CONTACT: Jack Zoeller,         Chairman & CEO, 804-763-1333