Burke & Herbert Bank in Alexandria, Va., plans to expand into the Richmond, Va., market.
The $3.6 billion-asset bank – the oldest in Virginia – said in a press release that it has hired a commercial banking team and plans to add an office in the state’s capital later this year. The bank plans to open branches over time.
The bank hired Seth Feibelman, a former banker at Wells Fargo, as its commercial market executive for Richmond. It also brought on Ray Cilimberg from First Capital Bank to serve as a commercial relationship manager.
Arnold Blackmon, a commercial relationship manager who joined the bank in 2020, rounds out the initial team.
“Our relationship-based approach to meeting the borrowing, banking, and treasury management needs of local businesses is one that we believe the Richmond community truly will appreciate,” Gregory Mellors, the bank’s director of commercial banking, said in the release.
“We are confident that the bankers we’ve chosen … have the experience and local market knowledge required to deliver customized financing solutions,” Mellors added.
Burke & Herbert entered Fredericksburg and Loudoun County last year, marking its first locations beyond northern Virginia.