Brett Raynor Joins Virginia Commonwealth Bank as VP, Controller

3/28/18

Brett E. Raynor

Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, announces that Brett E. Raynor has joined Virginia Commonwealth Bank as Vice President, Controller.

"We are pleased to have Brett as part of our team," stated Randal R. Greene, the Company's President and Chief Executive Officer. "We believe his financial insight and expertise will create shareholder value and help drive the future growth and success of our Company."

Mr. Raynor joins VCB with over 12 years of accounting experience, most recently from Union Bank & Trust (formerly Xenith Bank) where he spent six years providing oversight to general and specialized accounting requirements to the financial institution, including participation in core banking application and general ledger system integrations in mergers and acquisitions. Prior to that, Mr. Raynor spent three years at Owens & Minor, Inc., where he developed and executed internal audit plans, and over three years at KPMG LLP, where he served in the firm's audit practice.

Mr. Raynor is a Certified Public Accountant. He received Bachelor of Science degrees in Accounting and Finance from Virginia Commonwealth University. He is also a member of the American Institute of Certified Public Accountants.

Mr. Raynor stated, "I am excited for this opportunity to be a part of the team at Virginia Commonwealth Bank. I look forward to working with its exceptional management team of highly experienced professionals and being a part of a growing premier community bank."

About Bay Banks of Virginia, Inc.

Bay Banks of Virginia, Inc. is the bank holding company for Virginia Commonwealth Bank and VCB Financial Group. Founded in the 1930's, Virginia Commonwealth Bank is headquartered in Richmond, Virginia. With 18 banking offices located throughout the Richmond market area, the Northern Neck region, Tri-Cities area of Petersburg, Hopewell and Colonial Heights, Middlesex County and Suffolk, the bank serves businesses, professionals and consumers with a wide variety of financial services, including retail and commercial banking, and mortgage banking. VCB Financial Group provides management services for personal and corporate trusts, including estate planning, estate settlement and trust administration along with investment and wealth management services.

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