C. Frank Scott, III
Chairman

Mr. Scott is Chairman of the Board of Directors of Bay Banks of Virginia, the holding company for VCB Financial Group and Virginia Commonwealth Bank and President of Virginia Commonwealth Bank. Prior to its merger with the Company, he served as Chief Executive Officer and President of Virginia BanCorp and Virginia Commonwealth Bank. Mr. Scott joined Virginia Commonwealth Bank in 1999 and was responsible for the overall management of the institution and implementation of business strategy. He became President in 2008 and followed Charles F. Scott, Jr. as Chief Executive Officer in 2011 upon his retirement. Mr. Scott served on the Board of Directors of Virginia BanCorp and Virginia Commonwealth Bank from 1987 until the merger with the Company and the Bank in April 2017, including service on numerous board committees. He also served on many bank committees as an outside director. Mr. Scott is past president of the Petersburg Lions Club, the Southside Virginia Association of Realtors, and the Tri Cities Independent Insurance Agent’s Association. He is currently a member of the board of the Appomattox Educational Foundation, the Prince George Alliance for Education Association, and the Richard Bland College Foundation. He is a member of Redeemer Lutheran Church in Midlothian, and currently serves as a member of the Board of Directors and as Treasurer. Mr. Scott received his B.S. degree in Finance from Virginia Tech in 1974 and his M.A. from the Charles F. Dolan School of Business at Fairfield University in Fairfield Connecticut in 2003.

Randal R. Greene
Vice Chairman

Mr. Greene is President, Chief Executive Officer and Vice Chairman of Bay Banks of Virginia, the holding company for VCB Financial Group and Virginia Commonwealth Bank. He is also Vice Chairman and Chief Executive Officer of Virginia Commonwealth Bank. Mr. Greene has over 30 years of community banking and management experience. He received his Bachelor of Business Administration degree from East Tennessee State University. Prior to joining the Company and the Bank, Mr. Greene was Regional President of State of Franklin Bank, a division of Jefferson Federal Bank in Johnson City, Tennessee. From 1996 to 2008, he was President and Chief Executive Officer, director and founder of State of Franklin Savings Bank and Chairman of its Executive Committee. Mr. Greene was the President of State of Franklin Real Estate from 1997 to 2008, growing the company to 100 agents and to number two in market share. He has had a lifetime involvement in Boy Scouts of America and is currently a member of the Executive Board of the Capital Heart of Virginia Boy Scouts Council. Mr. Greene is a former President of the Sequoyah Council, which serves 17 counties in East Tennessee and Southwest Virginia, and former Chairman of the Silver Eagle Dinner for Boy Scouts of America. He has received a Lifetime Achievement Award from East Tennessee State University as one of its distinguished alumni, and is currently a Foundation Board member of East Tennessee State University. Mr. Greene formerly served on the board of the Rappahannock General Hospital Foundation. He also has been a participant of LEAD Northern Neck, a component of LEAD.

Eric F. Nost, CFP®, MBA
President & Chief Executive Officer

Eric F. Nost, a financial services executive with over 30 years’ experience, has joined VCB Financial Group formerly known as Bay Trust and Wealth Management Group. Mr. Nost most recently served as President of C&F Wealth Management Corp., a subsidiary of C&F Bank of West Point, VA. He began the investment firm under his leadership in 1995 and steadily grew the company. Mr. Nost grew the firm from a one-man office into an organization with 6 offices and 9 wealth advisors with over $400 million in assets under management.

A U.S. Navy veteran, Mr. Nost is a graduate of Virginia Military Institute, earned an MBA degree from Liberty University, and is a Certified Financial Planner. After completion of his active duty military service, Mr. Nost began his career in financial services at the former Richmond-based Wheat, First Securities, Inc. During that time, he also served as a reporter and stock market commentator for Richmond’s WRIC-TV8 News. Mr. Nost is very active in community affairs. He recently served as president of the Steamboat Era Museum in Irvington; is past president of the West Point Rotary Club; and currently serves on the Executive Committee of the Boy Scouts of America Heart of Virginia Council.

Pamela M. Comstock

Mrs. Comstock, a graduate of Mary Baldwin College and a second generation home builder, is President of Gilbert C. Martin Company located in Colonial Heights, Virginia, having joined the company in 1977. She has been a Board member of the Home Builders Association of Southside Virginia since 1981 and served the Association as its first woman President in 1991. She was inducted into HBA of Southside Virginia’s Hall of Fame in 2008. She is also an active member of the Home Builders Association of Virginia and was recently awarded Life Director status. Mrs. Comstock also shares our philosophy of giving back to our communities to make them a better place to live and work. In addition to already serving on the Virginia Commonwealth Bank board since 2011, she serves on numerous professional and charitable boards. Comstock is Chairman of the Board of The Cameron Foundation, a health legacy foundation, located in Petersburg, Virginia. The Cameron Foundation serves the cities of Colonial Heights, Hopewell and Petersburg and the counties of Dinwiddie, Prince George, Sussex, as well as, Southern Chesterfield County. Mrs. Comstock is a Past President of the Colonial Heights Chamber of Commerce. She is a current member of the John Tyler Community College Foundation Board, Swift Creek Mill Theatre Board of Directors, The Colonial Heights Building Trades Foundation Board, CultureWorks Board, and the Colonial Heights Economic Development Authority.

Elizabeth H. Crowther

Prior to retirement, Dr. Elizabeth H. Crowther was President of Rappahannock Community College. She grew up on her family farm in Reedville, graduated from St. Margaret’s School in Tappahannock, and then earned her BA and MA degrees in English from Virginia Tech. Following graduation from Tech, she became a banker! While Dr. Crowther said she enjoyed the banking industry, she stated “I found what interested me most was helping bank employees continue their education.” She also discovered that many of her fellow bankers were involved in community college programs, and she saw that the community college was providing life-changing experiences for its students. Dr. Crowther said, “I decided I’d like to be a part of that venture.” So she enrolled in the Doctor of Education program at William & Mary, received her degree; and through a decade of advancement with community colleges, today she is fulfilling her dream and sharing her talents as President of RCC. Under her inspirational leadership, RCC has grown tremendously, added numerous new programs, and the Workforce & Community Development unit now serves approximately 3,000 students. RCC has enjoyed record enrollment of more than 1,000 new students, or nearly 5,000 for the 2011-12 academic year. One of the most influential initiatives she has established is the Guaranteed Admission Agreements with leading four-year colleges and universities across Virginia, which allows RCC graduates to transfer seamlessly. Dr. Crowther also shares our philosophy of giving back to our communities to make them a better place to live and work. She serves on numerous civic and charitable boards, including the boards for Lillian Lumber Company, Northern Neck Insurance, Rappahannock Community College Educational Foundation, Rappahannock General Hospital, River Counties Community Foundation, and Visions of Lancaster and Northumberland Counties. Dr. Crowther is a current member of the Middlesex Rotary Club and past president of the Strasburg Club, as well as, a Paul Harris Fellow. Her professional and personal contributions to our young people and to our community as a whole are to be commended and recognized.

Douglas E. Flemer

Mr. Flemer is proprietor of Ingleside Plantation Vineyards in Oak Grove. He received his B.S. degree from North Carolina State University. Active in community organizations, Mr. Flemer is Vice Chairman of the newly formed Virginia Wine Board, past President of Virginia Wineries Association, a Director for the local and regional tourist councils, former coach for Little League Baseball and a member of S.A.R. He is also a past Director for the American Vintners Association.

Mark W. Herndon

Mr. Herndon is an owner and partner in multiple restaurant ventures including Buckhead’s Restaurant & Chop House in Richmond; Sugar Shack Donuts & Coffee located throughout Virginia and Washington, D.C. with the original location in Richmond; and Square Burger, a casual dining concept located in McKinney, Texas. Mr. Herndon is a member of Virginia Commonwealth Bank’s Community Board, which consists of community leaders who provide valuable counsel to our bank and assist us with meeting the needs of our market area through their insight into the local economy from their respective business point-of-view. He is also a member and past Chairman of the Advisory Board for Reynolds Community College Culinary and Hospitality Program. Mr. Herndon previously served on the Board of Directors for the Virginia Restaurant, Lodging & Travel Association and for The Doorways, the second largest hospital hospitality house in the country. In 2009, he co-founded SAVOR, the Doorways’ largest annual fundraising event, which has raised over $2.5 million since its inception. He is also a former member and treasurer of the Citizens’ Advisory Council on Furnishing and Interpreting the Executive Mansion, a gubernatorial appointed position. Mr. Herndon graduated with honors from the Culinary Institute of America in Hyde Park, New York, and continued his education at Cornell University’s School of Hotel Administration, where he earned his Master Certificate in Foodservice Management.

Benjamin R. Humphreys, Jr.

Mr. Humphreys is President/Chief Executive Officer of Comtel Communications, a Richmond, Virginia-based direct-technology consulting agency servicing the entire mid-Atlantic. Mr. Humphreys is also founding partner and owner of Simplicity VoIP, a Richmond based company specializing in the design and delivery of Hosted PBX/VoIP Business Phone Solutions for SMB and enterprise businesses in the mid-Atlantic. He graduated from VCU’s School of Business with a Bachelor of Science degree in Marketing. Mr. Humphreys currently serves on Virginia Commonwealth Bank’s Community Board and is a past committee member of Boy Scout Troop 702.

John H. Morris, IV

Mr. Morris is a Recovering Attorney. He is Founder of Riverbanks VA, LLC. and President of Turn-Key Homes, Inc. Mr. Morris graduated from the University of Virginia with Bachelor of Science degree in Economics in 1981 and received his JD Law in 1984. He is a member of the Virginia State Bar and Northern Neck Bar Association, Chairman of the Westmoreland County Wetlands Board, and a Tennis Coach Rappahannock High School.

Randolph N. Reynolds, Jr

Mr. Reynolds is a principal of Reynolds Development, a full-service commercial real estate company specializing in commercial real estate and property management. Established in 2000, the family-owned and operated business was formed following the sale of Reynolds Metals. Mr. Reynolds currently serves on the Henrico Police Foundation Board; the Longwood University Business Board and is Chair of the VCU Shining Knight Gala for 2019.

Vance H. Spilman

Mr. Spilman is Chief Executive Officer of Rainbow Station, Inc. and PRISM, LLC. LeafSpring Schools (f.k.a. “Rainbow Station”) is one of the preeminent preschool and after school providers of accredited early education. This national chain consists of franchised and corporate locations and utilizes a large scale, campus based model including clinics for mildly ill children. Under Spilman’s leadership, the goal is to continue the development of industry leading programs and crriculum while further enhancing growth potential and brand expansion. Mr. Spilman has spent the majority of his career within the retail, real estate, financial, and multi-unit franchising industries and has built several dynamic and fast growth businesses. Previously, he was President of sweetFrog Enterprises, LLC, one of the nation’s largest frozen yogurt franchisors. Mr. Spilman led the growth initiatives that moved the company from a small chain to a national franchise consisting of approximately 370 stores nationwide. Prior to sweetFrog, he was the Chief Financial Officer of Monument Restaurants, the largest national Five Guy’s Burgers and Fries franchisee. Under his financial leadership, the company purchased the development rights to 314 locations nationwide and raised $43 million of private equity capital to fund this expansion. Mr. Spilman oversaw the development and opening of over 70 locations. He also brings a wealth of experience in investment banking and financial services having held multiple management positions with companies such as NationsBank Capital Markets, First Union/Wheat First Securities, and Shockoe Capital, LLC (Managing Partner & Founder). Mr. Spilman received his undergraduate (B.A.) and graduate (MBA, Darden School of Business) degrees from the University of Virginia.