Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Virginia Commonwealth Bank and VCB Financial Group, is pleased to announce that Chris Lyle, a 17-year commercial banking veteran, has joined Virginia Commonwealth Bank as a Senior Vice President, Commercial Lender. Mr. Lyle is located at the VCB Commercial office in the Sidney Kellam Building at the Virginia Beach Oceanfront, where the bank will also be opening a full service branch in the very near future.

Mr. Lyle most recently served as Union Bank and Trust's Senior Vice President for Real Estate Loans and shortly before that time, he served as Vice President, Real Estate Loan Officer for Towne Bank, a position that immediately followed the acquisition of Monarch Bank in June 2016. Prior to the acquisition, Mr. Lyle spent 11 years managing a highly dynamic $50 - $60 million commercial and residential real estate portfolio.

"Chris's proven talent as a career commercial lender within a community banking environment gives us a true competitive advantage as we look toward our growth in the Hampton Roads region," says Randal R. Greene, Bay Banks of Virginia's President and Chief Executive Officer. "Our focus is on being the best financial resource for local business in this market."

"This is a very exciting opportunity for me and our community," says Lyle. "I want to be a part of a company with a true community bank feel and relationship-focused for the businesses in Virginia Beach and the Hampton Roads region. No two customers are the same and you need a bank like VCB that recognizes that every client is unique and we will provide custom-tailored solutions. One of the many benefits of a community bank, is our ability to provide quick decision-making. "

Ed Putney, Senior Vice President, Hampton Roads Market Executive of VCB, has been building his team of experienced commercial and retail bankers for the Hampton Roads region. "I am very excited that Chris has joined our commercial team here in Virginia Beach. He has a wealth of knowledge and experience and a strong following in the local real estate development and builder community as well as other business segments throughout Hampton Roads. He will be a tremendous asset to our Bank as we grow our market presence here in the Tidewater region."

About Bay Banks of Virginia

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 19 banking offices and a loan production office located throughout the Richmond market area, the Northern Neck region, Tri-Cities area of Petersburg, Hopewell and Colonial Heights, Middlesex County and Hampton Roads region, the bank serves businesses, professionals and consumers with a wide variety of financial services, including retail and commercial banking, investment services, and mortgage banking. VCB Financial Group provides management services for personal and corporate trusts, including estate planning, estate settlement and trust administration.