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VIRGINIAvabankers.org2024VIRGINIA BANKERS ASSOCIATION | Serving Virginia’s Financial Community Since 18932023-2024 VBA ChairmanLITZ H. VAN DYKECARTER BANKBankingANNUAL

NEEDS ASSESSMENTMANAGEMENTFINAL SITE/FACILITY DESIGNPRELIMINARYSITE/FACILITY DESIGNCLOSE-OUT AND POST CONSTRUCTIONCONSTRUCTIONMANAGEMENTPART 1DELIVERABLESCOMPLETEFACILITYSOLUTION™

3TABLE of CONTENTSVIRGINIA BANKING ANNUAL | 2023-2024 | TABLE OF CONTENTSJames R. Black Touchstone BankDavid P. Boyle Burke & Herbert BankJohn J. Brough Chain Bridge Bank, NAJohn R. CaldwellThe Farmers Bank of AppomattoxThomas F. Cherry C&F BankSteven A. DeLucaCapital One Financial CorporationAubrey H. Hall, III First National BankScott C. Harvard First Bank, VirginiaG. Lyn Hayth, IIIBank of BotetourtBrandon C. Lorey Bank of ClarkeThomas L. Ransom Truist BankSherri A. SackettSelect BankRobert F. Shuford, Jr. Old Point Financial CorporationBrian K. Skinner TowneBankMaria P. Tedesco Atlantic Union BankJoseph J. Thomas Freedom Bank of VirginiaJanet N. Tope Wells Fargo Bank, N.A.Robert C. Wood, Jr.United BankLitz H. Van Dyke CHAIRMANCarter BankVictor K. Branch CHAIRMAN-ELECTBank of America, NAChristopher W. Bergstrom IMMEDIATE PAST CHAIRMAN John Marshall Bank4INSIGHTS& 2023-2024 TIMELINE6CHAIRMAN’S REFLECTIONS16VBA BENEFITS CORPORATION82024 MBA|VBA JOINT CONVENTION10GOVERNMENT RELATIONS18EDUCATION & TRAINING13D.C. BANKERS ASSOCIATION26EMERGINGBANK LEADERS28VBA EDUCATION FOUNDATION30TITLE AGENCIES, VMBA & VBA STAFF 2023-2024 | VBA BOARD 14LEGAL & REGULATORY

4Following a period of substantial disruption and the industry consolidation that followed, the VBA and another trade association merged. The year was 1994 and the merger was with the Virginia League of Savings Institutions. Prior to the 1980s, Virginia had well over 100 thrifts and the Virginia League was in many ways a parallel organization to the VBA. In addition to industry advocacy, they held a lot of training programs and had a vibrant employee benets operation with a group medical plan and related offerings.Fast forward to the early 1990s and the impact of the Monetary Control Act of 1980, the historically high ination that followed and the adverse impact on the savings & loan business model that led to many failures, and the Virginia League was down to about 35 member institutions. Recognizing the challenges of operating with a much smaller membership base, the League’s leadership engaged in a dialogue with VBA leadership that resulted in a successful merger in August of 1994. To be sure, there were some bumps in the road, yet we did see the expected outcomes as we added 35 thrifts to the approximately 200 VBA member banks and added strength to our organization.Attendance at our annual convention and other conferences and training events was stronger for several years, then started going down commensurate with ongoing bank merger activity. Our employee benet plans – health and welfare and retirement – gained scale, which allowed us to continue enhancing benets for our member banks – true to this day, even with industry consolidation. Mike Toalson, the League’s CEO, joined the VBA team as our chief lobbyist and a few years later became CEO of the Home Builders Association of Virginia until he retired a few years ago. Mike remains a close colleague and enjoys serving on a community bank board.Fast forward to 2024, and we have experienced another historic year. As our 2023-2024 VBA Chairman Litz Van Dyke writes in his column of this Virginia Banking Annual, the past year saw the culmination of two key events that have been works in progress for a couple of years: the VBA partnered with the Maryland Bankers Association to organize the D.C. Bankers Association in our nation’s capital, and members of the MBA and VBA approved a merger of our two state associations, through a newly formed holding company, which became effective on July 1, 2024. The dialogue between VBA and MBA leadership was quite similar to the one 30 years ago between the VBA and Virginia League. Ongoing industry consolidation makes it more challenging for a state bankers association to maintain scale in programs, products and services, and coming together brings both scale and efciencies to the table. To be sure, there will be bumps in the road as we build this new two-state enterprise, yet our own history tells us that in the future, we’ll look back on this historic event as one that yielded the expected outcomes, to the benet of VBA and MBA members.We will see what happens in 2054!A HISTORIC YEAR – AGAINBruce WhitehurstPRESIDENT & CEOVIRGINIA BANKERS ASSOCIATION AND MID-ATLANTIC BANKERS ASSOCIATIONINSIGHTS | vabankers.orgTo be sure, there will be bumps in the road as we build this new two-state enterprise, yet our own history tells us that in the future, we’ll look back on this historic event as one that yielded the expected outcomes, to the benet of VBA and MBA members.NUMBER OF VBA Member Banks:NUMBER OF Associate Members (includes Financial Services Members):NUMBER OF Endorsed Providers:9116424Member board of directors, representing banks from across the state; 6-member executive committeeBankers serving on MSI, Benets and Education Foundation boardsVBA committees with 284 bankers serving, representing 73 banks or 79% of VBA member banks21VBA MEMBER DATAas of June 1, 2024VBA MEMBERENGAGEMENT SNAPSHOT3715

5A HISTORIC YEAR – AGAINVIRGINIA BANKING ANNUAL | 2023-2024 | INSIGHTS2023-2024TIMELINEIN MEMORIAMPeter Clements2008-2009 VBA CHAIRMANTHE BANK OF SOUTHSIDE VIRGINIAPast VBA Chairman Peter Clements of The Bank of Southside Virginia passed away on July 28, 2023. With the health challenges he faced in recent years, Peter exemplied grace and perseverance, showing the character that dened him as a person. Peter leaned in fully to everything he did. Following the example of his father, the late and great John Clements, who also chaired the VBA in 1989-1990, Peter set the standard for active engagement in all aspects of the VBA. Peter was passionate about his faith, his family, his community, his bank family at The Bank of Southside Virginia and the broader banking family in Virginia. Doug Monroe1991-1992 VBA PRESIDENTCHESAPEAKE BANKPast VBA President Doug Monroe of Chesapeake Bank passed away on August 31, 2023, shortly after his 90th birthday. Doug was so much more than “a banker or a suit,” as Doug’s son Mark explained in his beautiful eulogy during his memorial service. Doug was the backbone of his family and his community – a quiet leader and wonderful man whose legacy of kindness and generosity will continue to make a positive impact.Ralph Deacon1983-1984 VBA PRESIDENTWELLS FARGOPast VBA President Ralph L. Deacon passed away on November 21, 2023. In 1965, after serving in the army in Korea, he began his banking career at Culpeper National Bank as EVP. Ralph retired from Wells Fargo in Charlottesville after a 39-year banking career. Peter’s son Will (right), The Bank of Southside Virginia president & CEO, was presented a House resolution honoring Peter’s life by Del. Otto Wachsmann (left) in May 2024.Peter (left) and his family at the 2009 Annual Convention at The Homestead.Doug (right) with his family and friends at the 2013 Annual Convention.Doug (center) with Bill Shumadine (left) and Jeff Szyperski (right) at the 2018 Annual Convention.After retiring from banking, Ralph was employed by the Resolution Trust Corporation under the FDIC.June 27, 2023Litz Van Dyke, Carter Bank, was elected as 2023-2024 VBA Chairman at the 130th VBA Annual Convention in Palm Beach, FL.July 21, 2023Sixty Virginia bankers graduated from the 85th session of the Virginia Bankers School of Bank Management. July 28, 2023The VBA and MBA joined together to form the D.C. Bankers Association (DCBA) to provide consistent and unied advocacy for the District of Columbia banking community with Janene Jackson, Holland & Knight LLP, serving as the DCBA’s rst president. January 31, 2024The DCBA elected Jon Higgins, Founders Bank, its rst chairman of their board of directors.February 1, 2024 HB1205 was defeated by a strong bipartisan vote of 9-13. HB1205 would have allowed credit unions to hold state and local tax dollars in the form of public deposits, an unnecessary public policy decision that would have drained local tax dollars, hurt community banks and their employees, and potentially destabilized Virginia’s AAA bond rating.March 28, 2024 The VBA Board held a Zoom meeting with CFPB Director Rohit Chopra to discuss topics such as fees, data aggregation and small business reporting. June 2-5, 2024 More than 530 bankers and industry partners gathered for the rst annual MBA|VBA Joint Convention in Amelia Island, FL where Victor Branch, Bank of America, was elected as the 2024-2025 VBA Chairman. July 1, 2024 The VBA and MBA joined together to form the Mid-Atlantic Bankers Association to combine the VBA’s and MBA’s organizations and operations and enhance the industry advocacy and member services in both states.

6Litz H. Van DykeCEO, CARTER BANK2023-2024 VBA CHAIRMANCHAIRMAN’S REFLECTIONS | vabankers.orgTo say the past year in the life of our 131-year-old association has been eventful would be quite an understatement. This past year this organization achieved milestones that were years in the making – with important contributions from past VBA chairs, executive committee members and board members. Our Immediate Past Chair Chris Bergstrom, in particular, played an instrumental role laying the groundwork for two key accomplishments this year. These accomplishments are a testament to Bruce Whitehurst's excellent leadership and the hard work of many of the VBA staff members. It was exciting for me to see these initiatives come to fruition and to play a very small part in seeing them through. Last summer, the VBA, in partnership with the Maryland Bankers Association, organized and stood up a new D.C. Bankers Association (DCBA) to provide a banking industry voice before D.C. City Council, the Mayor's Ofce and the District of Columbia Department of Insurance, Securities & Banking. We were pleased to have 21 banks and two nancial services companies join as charter members and to retain Janene Jackson, executive partner in Holland & Knight’s D.C. Ofce, to serve as our inaugural association president. Jon Higgins of Founders Bank – a D.C. chartered bank that is also a VBA member, serves as our inaugural board chair.During this partnering between the VBA and MBA to stand up the DCBA, Bruce and Ramon Looby – his MBA counterpart – were able to begin discussions about the potential benets of combining our two associations into a new two-state holding company. Following leadership discussions, due diligence, business plan development, board and membership votes, we have now set a new standard in the state bankers association peer group for moving our longstanding business model in a direction that better prepares us for continued banking industry consolidation. We organized the holding company board in June 2024 at the MBA|VBA Joint Convention to be ready for the July 1, 2024 effective date.Even with these two important initiatives demanding a considerable amount of energy and time, the VBA staff continued to produce quality outcomes for our member banks. The VBA’s excellence among its peers is well known within and outside of Virginia. The staff shows its commitment to VBA member banks through effective advocacy, outstanding training events and conferences, valuable employee benets programs, vendor partnerships, nancial education and communications, and – importantly – bringing bankers together through our vibrant board and committee structure that engages about 300 bankers on a regular basis. I have worked with the VBA staff for many years on a number of fronts and knew they were excellent, but let me tell you that over the past year of getting to work even more closely with them, I am even more impressed with their skills and dedication to getting things done. Thank you to the VBA team for all your hard work – especially on this merger. This organization is very fortunate to have such an impressive team. I want to close by expressing my gratitude for being given this opportunity to serve our association. I want to express my thanks to the members of the VBA Board and the VBA Executive Committee for their strong support throughout this year. We asked a little extra of this leadership team this past year with all that we had going on. Thank you for your engagement and dedication to this important organization. I’m also grateful to all of you who support the VBA through your membership and active involvement. This organization and its efforts are critical to our continued success as an industry. Lastly, I want to express my gratitude to the Executive Team and Board at Carter Bank for allowing me to take on this challenge. Their hard work allowed me to invest the necessary time in VBA initiatives this year without our company skipping a beat. I would also be remiss if I failed to mention my wife Jackie whose unwavering love and support allows me to do what I do. What a blessing she has been to me for even more than the 37 years we have been married. One hundred thirty-one years ago, Virginia banking leaders of their day came together and organized the VBA. That was a very wise and forward-thinking group. Clearly, they were onto a good and important idea, as the VBA’s track record and staying power demonstrate. I have been honored to follow in their footsteps all these years later.CHAIRMAN’S REFLECTIONS

7VIRGINIA BANKING ANNUAL | 2023-2024 | CHAIRMAN’S REFLECTIONSCHAIRMAN’S REFLECTIONS Litz was installed as the 2023-2024 VBA Chairman on June 27, 2023 at the 130th VBA Annual Convention in Palm Beach, Florida.Litz served on a bank CEOs/bank executives panel at the 2023 VBA Leadership Conference in November in Staunton.Litz with Bruce Whitehurst and Senator Mark Warner at the 2024 VBA/ABA Washington Summit in March. Litz joined the VBA staff for breakfast in September 2023 at the VBA ofce in Glen Allen. Litz introduced Tom Barkin, Richmond Federal Reserve President & CEO, at the 2024 VBA/VA Chamber Financial Forecast in January in Richmond.Litz presided over a meeting with the VBA Board and CFPB Director Rohit Chopra on March 28, 2024. Litz served as emcee for the 2023 State Legislative Meeting in September in Danville. Litz with Bruce Whitehurst and Virginia Governor Glenn Youngkin at 2024 VBA Banker Day in Richmond.Litz presided alongside Ronda McDowell, Sandy Spring Bank, at the MBA|VBA Joint Convention at The Ritz-Carlton, Amelia Island, Florida in June 2024.

82024 MBA|VBA JOINT CONVENTION | vabankers.orgJOINTCONVENTIONMBA/VBA2024 MBA|VBA JOINT CONVENTION More than 530 bankers and industry partners joined us June 2-5 at The Ritz-Carlton, Amelia Island, Florida, for the rst annual Maryland Bankers Association|VBA Joint Convention. Attendees enjoyed business sessions as well as social and networking events during their time on Amelia Island.The event began Sunday with a Welcome Reception sponsored by Investors Title Insurance Agency. On Monday, attendees enjoyed a breakfast sponsored by Stifel followed by the Spouse Guest Program: Turtle Tour & Nature Walk, sponsored by S&P Global Market Intelligence. The Golf Tournament, sponsored by Vericast, was held Monday afternoon at The Golf Club of Amelia Island and a dessert reception was held Monday evening, sponsored by Marsh McLellan Agency, SageView, VBA Benets Corp. and Voya.On Tuesday morning, attendees enjoyed breakfast sponsored by Keefe, Bruyette & Woods. During Tuesday’s General Session, Victor Branch, Bank of America, was installed as 2024-2025 VBA Chairman, and Tom Cherry, C&F Bank, was installed as 2024-2025 VBA Chairman-Elect.On Tuesday afternoon, attendees enjoyed a Fun in the Sun Social, sponsored by R&T Deposit Solutions, followed by the closing reception, sponsored by Bankers Insurance, and dinner and entertainment, sponsored by FHLBank Atlanta.A special thank you to 2023-2024 VBA Chairman Litz Van Dyke, Carter Bank, for presiding over the event alongside Ronda McDowell, Sandy Spring Bank and 2023-2024 MBA Chair.For a full event recap, please visit www.vabankers.org/post/2024-mbavba- joint-convention-recap.The VBA past chairmen and presidents and their guests enjoyed dinner on Sunday evening.Attendees participated in the Golf Tournament on Monday afternoon at The Golf Club of Amelia Island.Closing keynote speaker Denise Hamilton during her session, "Building Indivisible Teams – How Leaders Can Help Teams Reach Their Full Potential."Bruce Whitehurst (left) moderated a conversation with Bank of America Chair of the Board and CEO Brian Moynihan (third from left) during the Monday morning General Session.Attendees enjoyed one of the evening receptions on the Ocean Front Lawn during the event.Keynote speaker Frank Kelly during his session, "The Geopolitical and Regulatory Outlook 2024 – 2025: How Elections and Markets are Transforming Everything."The Industry Perspectives Panel with Julie Thurlow (center) and Reid Tingle (right) was moderated by Ramon Looby (left).Victor Branch (center) was elected as 2024-2025 VBA Chairman and Tom Cherry (left) was elected as 2024-2025 VBA Chairman-Elect during Tuesday morning's Annual Meeting.

9www.bccadvisers.comLindy Ireland lindy@bccadvisers.com 434.333.6814Serving Virginia!Business valuation for:Gifting and stock transfersBuy/sell agreementsESOP/KSOP valuationEstate settlementStock offeringsSBA 7(a) loansWE VALUE BANKS.

10EDUCATION & PERSUASIONMatt BruningEXECUTIVE VICE PRESIDENT, GOVERNMENT & MEMBER RELATIONSVIRGINIA BANKERS ASSOCIATIONAt its heart, advocacy is about education and persuasion – providing information and perspective on an issue in a way that resonates with the policymaker you are trying to win to your side. The last year has been lled with educational opportunities for elected ofcials from the VBA membership and Government Relations team. Retirements, electoral defeats, and newly drawn legislative districts creating opportunities for political newcomers to join the legislature meant this year’s General Assembly had over 60 new members – the largest turnover in the chambers since Reconstruction. This change made education and relationship-building even more critical. Even before last November’s state legislative elections, bankers from across the Commonwealth took the opportunity to educate returning and soon-to-be members of the General Assembly on key banking policies. VBA staff hosted an overview of Virginia’s banking environment and top legislative priorities for the one-third of the General Assembly members who were newly elected in advance of January’s session to help orient them before they began casting votes. Our annual Banker Day at the newly constructed General Assembly Building provided another opportunity for direct engagement and education at the start of the legislative decision-making process.That education and our arguments on how various proposals being debated would impact banking – either positively or negatively – bore fruit in the outcomes of our legislative efforts. You can read more about our successful efforts to stop the credit unions’ efforts to hold public deposits on page 12. Legislation providing more tools to combat elder nancial exploitation and easing the burden on trust duciaries advanced with bipartisan support into law. The VBA was successful in defeating or amending favorably legislation that would have affected lien priority, the ability to foreclose on defaulted properties, and legislation impacting competitive hiring practices. In Washington, Congress remains deeply divided - mired in partisan gridlock. This has frustrated our efforts to make progress on the SAFE Banking Act related to clarity on banking cannabis businesses, keeping it stymied despite broad backing from members of both parties. However, the lack of legislative movement has been favorable in forestalling repeated efforts from Senator Dick Durbin on his ceaseless quest on behalf of the big box retailers to foist additional restrictions on interchange payments. Attendees at the spring VBA/ABA Washington Summit brought those issues and our renewed request for greater oversight of credit unions to the attention of our Virginia congressional delegation.While inaction was the prevailing sentiment in Congress, the exact opposite has been true for the prudential banking regulators. Their prodigious rulemaking, especially emanating from the CFPB, has compounded to create a tsunami of regulatory overreach. Burdensome proposals accompanied by misguided rhetoric on “junk fees” including legal and disclosed overdraft and credit card late fees, joined small business data collection, comprehensive CRA reform, capital requirement and CFPB exam manual interpretation of UDAAP at the top of the wave cresting over the last year. The industry continues to push back through comment letters, appeals for congressional action and, when needed, remedies from the courts.With the consequential state elections last fall, VBA BankPAC continued to be a critical piece of our unied industry voice in the political setting. Having raised more than $460,000 - a tremendous result - from the generosity of VBA member banks, their employees and directors, VBA BankPAC was once again able to provide signicant support to pro-banking candidates.The VBA remains committed to educating and making our case on policy matters to elected ofcials, benetting from our member banks’ strong grassroots advocacy engagement.LEGISLATIVE UPDATE | vabankers.orgTOTAL STATEWIDE ATTENDANCECalls to ActionThese included messages to block credit union expansion, defeat misguided attempts to reduce interchange fees on credit card transactions, and rescind proposed rules to onerously expand data collection under Rule 1071. BANKERS760MESSAGES3,099 SENT to their state and federal elected representatives on VBA priorities.To learn more about VBA government relations efforts and advocacy opportunities, please visit www.vabankers.org/government-relations.

11EDUCATION & PERSUASIONVIRGINIA BANKING ANNUAL | 2023-2024 | GOVERNMENT RELATIONS2023 VBA BankPACCAMPAIGNRESULTS• American National Bank & Trust Co.• Atlantic Union Bank• Bank of America, NA• Bank of Botetourt• Bank of Clarke• Benchmark Community Bank• Burke & Herbert Bank• C&F Bank• Capital One, NA• Carter Bank• Chain Bridge Bank• Chesapeake Bank• Citizens Bank & Trust Company• City National Bank• Community Bankers’ Bank• Dollar Bank• Farmers & Merchants Bank• First Bank & Trust Co.• First Bank, Virginia• First Community Bank• First National Bank • Freedom Bank of Virginia • Fulton Bank• Highlands Community Bank• John Marshall Bank• JPMorgan Chase, NA• Lee Bank & Trust • MainStreet Bank• M&T Bank• National Bank• National Capital Bank of Washington• New Peoples Bank• Old Point National Bank• Pioneer Bank• Powell Valley National Bank• Primis Bank• Select Bank• Shore United Bank• Skyline National Bank• Southern Bank and Trust Company• SouthState Bank• The Bank of Charlotte County• The Bank of Marion• The Bank of Southside Virginia• The Farmers Bank of Appomattox • Touchstone Bank• TowneBank• TruPoint Bank• United Bank• Village Bank• Virginia Bankers Association• Virginia National Bank• Wells Fargo Bank, NATHANK YOU TO THE FOLLOWING BANKS FOR THEIR SUPPORT OF THE 2023 VBA BANKPAC CAMPAIGN: The banking industry’s role in maintaining a steady economic environment for communities and businesses highlights the importance of strong continued advocacy efforts at both the state and federal level. As the unied voice of the industry in the political arena, VBA BankPAC is crucial to facilitating those advocacy efforts. As a result of your generous contributions, our industry has a seat at the table at the Capitol in both Washington D.C. and Richmond when important policy decisions impacting the daily operations and nancial results of your institutions are being made.Total Amount Raised: $464,9571,10353Total Number of Bank Contributors: Total Number of Individual and Director Contributors: 2023 VBA BankPAC by the Numbers:RICHMOND64VIRGINIA BEACH 40NORTHERNVIRGINIA74ABINGDON28DANVILLE25HARRISONBURG46TOTAL STATEWIDE ATTENDANCE277VBA StateLegislative Meetings2023 ATTENDANCE

12GOVERNMENT RELATIONS | vabankers.org2024 VBA/ABA WASHINGTON SUMMIT2024 Washington Summit EMERGING BANK LEADERS SCHOLARSHIP RECIPIENTS (Pictured left to right): Ahmad Jones, formerly of Fulton Bank; Blake Shaw, Benchmark Community Bank; Zach McGill, First National Bank; and JT Hasty, TowneBank.Get to know the 2024 scholarship recipients by visiting www.vabankers.org/internal-links/ get-know-2024-washington-summit- ebl-scholarship-recipients. More than 1,000 bankers from across the country attended the VBA/ABA Washington Summit March 18-20, with nearly 70 attendees from Virginia. Summit attendees heard from public ofcials and issue experts on the status of the nation’s economy and banking system.Virginia bankers met with Senators Mark Warner and Tim Kaine as well as Congressman Don Beyer and House of Representatives staff members to discuss issues including credit union oversight, credit and debit card interchange, and misguided attempts to undercut consumer choice by limiting bank fees.FHLBank Atlanta hosted a joint reception with VBA, the Maryland Bankers Association and D.C. Bankers Association on Tuesday night during the Summit. For a full event recap, please visit www.vabankers.org/post/2024-vbaaba-washington-summit-recap.2024 VBA BANKER DAYOn January 11, nearly 200 bankers from 47 banks attended VBA Banker Day at the Greater Richmond Convention Center. Over breakfast, Virginia Governor Glenn Youngkin discussed the administration’s top priorities for the 2024 General Assembly Session. Attendees then traveled to the new General Assembly Building to meet with legislators at their ofces for a chance to hear directly from state policymakers and learn about the issues impacting banking in the 2024 Session. For a full event recap, please visit www.vabankers.org/post/2024-vba-banker-day-event-recap. Credit Union Expansion SOUNDLY DEFEATEDWith major turnover creating a potential vacuum of knowledge on the issue of untaxed credit unions’ continued efforts to operate more and more like tax paying, well-regulated banks, the VBA expected aggressive attempts by the Virginia Credit Union League to expand their authorities in the 2024 Virginia General Assembly. Those expectations came to fruition when the credit unions made a concerted press to allow their members to hold tax dollars in the form of public deposits for state and local governments. Despite an aggressive effort on their behalf, and multiple attempts to circumvent normal legislative procedure to achieve their goals, the bill failed to advance on a 9-13 vote in the House Labor & Commerce Committee - thanks to our clear message that entities not paying taxes should not benet from holding those funds, credible explanation that credit unions are not subject to CRA like banks, as well as grassroots pressure from bankers contacting their local legislators directly.

13VIRGINIA BANKING ANNUAL | 2023-2024 | D.C. BANKERS ASSOCIATIONThe VBA, alongside the Maryland Bankers Association (MBA), joined together to form the D.C. Bankers Association (DCBA), which launched on July 28, 2023 to provide consistent and unied advocacy for the District of Columbia banking community. An organizational meeting was held in September, and the Association was ofcially announced on October 2, 2023.On the members’ behalf, the DCBA focuses on legislative and regulatory efforts, especially within Washington D.C. City Council, the Mayor’s Ofce and the Department of Insurance, Securities and Banking.DCBA tapped Janene Jackson as president, with her adding the DCBA to her client list as executive partner at Holland & Knight LLP. Additionally, the DCBA elected its rst chairman of their board of directors during a board meeting on January 31, 2024. DCBA Chairman Jonathan (Jon) Higgins is the co-founder, president and chief banking ofcer of Founders Bank, a Washington, D.C. based community bank. Higgins has over 23 years of experience in banking and co-founded Founders Bank in 2020. DCBA membership is open to all banks headquartered and/or operating in the District of Columbia, as well as qualied nancial services companies, including card payment networks and issuers and other relevant service providers. Each member bank has a representative on the DCBA Advisory Board, which provides general oversight of DCBA. Each member has a representative on the DCBA Advocacy Committee, which meets monthly and works closely with Janene on all issues in D.C. government that affect banking.In addition to the monthly Advocacy Committee meetings, the DCBA has held quarterly joint Advisory Board and Advocacy Committee meetings, at the American Bankers Association’s (ABA) ofce, which have included guest speakers and special events.Moving forward, the DCBA will continue to be a valuable resource to the City’s elected leaders, as well as support the banking industry in their role with their customers and in the D.C. community.DCBA welcomed Karima M. Woods, Commissioner of the District of Columbia’s Department of Insurance, Securities and Banking (DISB), and members of her ofce, as the guest speaker for a joint meeting.A joint VBA, MBA, and DCBA Capitol Reception was held in conjunction with the ABA Washington Summit.A Legislative Reception took place on ABA’s rooftop space, with members of the Council of the District of Columbia attending. Earlier that day, DCBA welcomed Council member Kenyan McDufe for a reside chat with Janene.During an Advocacy Committee meeting, a discussion was held with Samuel Fuller, Associate Commissioner of Banking, DISB, on an important piece of draft legislation. JAN2024MAR2024MAY2024APR2024Thank You to the Founding Members of the DCBAWWW.DCBANKERS.ORGBANK MEMBERS • Bank of America, NA • Capital Bank • Capital One, NA • Citi • CityFirst Bank • EagleBank • F.N.B. Corporation • Founders Bank • FVCbank • Industrial Bank • John Marshall Bank • JPMorgan Chase Bank, NA • Manufacturers and Traders Trust Company • National Capital Bank of Washington • PNC Bank, NA • Sandy Spring Bank • TD Bank, NA • United Bank • Wells Fargo Bank, NAFINANCIAL SERVICES MEMBERS • American Express • Mastercard

14In June 2023, the banking industry had clouds of unease. Silicon Valley Bank failed rapidly and unexpectedly in two short days after depositors feverishly withdrew billions of dollars electronically, including $42 billion in one day. In rapid succession thereafter, Signature Bank and First Republic Bank failed, raising fears of the 2008 nancial crisis. However, in the 15 years since the nancial crisis, much work has been done and the banking industry continued to prove to be strong and resilient in 2023. In the autopsies that followed, the failings of these banks were determined to be isolated and caused by market concentration, uninsured deposits, illiquidity, and a lack of risk management. The real takeaway from the experience, however, is that it exposed the power and inuence that social media and online platforms possess in relation to nancial services. Information can move over X (formerly Twitter), Facebook, and TikTok at lightning speed, and funds can be withdrawn with the quick click of a mouse or tap of the nger. This knowledge is valuable, and banks are using it to prepare and put plans in place to enable them to react swiftly when the online ames are fanned – either justly or unjustly – to avoid a social media fueled bank run. The past year was also characterized by a continuation of the endless deluge of regulation by federal regulators. The large volume of new regulations, the increased complexity of those regulations, and the questionable methods utilized in their enactments are disappointing and threaten to harm the banking industry. The governmental busy beavers promulgated new regulations relating to the Community Reinvestment Act of 1977 (CRA); account insufcient funds charges and overdraft fees; debit card interchange fees; incentive-based compensation arrangements; small business lending data collection; and credit card late fees and late payments, to name a few. Not to mention the agencies also issued guidance, principles, and advisory opinions on a variety of issues, which don’t rise to the level of the regulations but, sadly, can’t be ignored. Recognizing the gravity of the untempered agency rulemakings, banks, banking associations, business associations, and other nancial services providers have turned to the courts in an unprecedented manner for reprieve. Texas Bankers Association, Amarillo Chamber of Commerce, and American Bankers Association v. Ofce of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation Several banking and trade groups, including the American Bankers Association and the Texas Bankers Association, have led suit to challenge the new CRA regulations promulgated by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Ofce of the Comptroller of the Currency, alleging the agencies exceeded their statutory authority and acted arbitrarily and capriciously with their recent amendments to the CRA rules. The new regulations shift regulatory focus to assessment areas and deposit products and away from the geographic area surrounding a bank’s physical deposit-taking locations in determining whether a bank is meeting the credit needs of its entire community under the CRA, which is a departure from the language of the statute and how the agencies have historically measured compliance with the law. The federal district court has entered an injunction that prevents the regulators from implementing the new CRA rules while the lawsuit plays out this year. Texas Bankers Association v. Consumer Financial Protection BureauThe American Bankers Association, Texas Bankers Association, and Rio Bank, have also led suit in federal district court against the CFPB challenging the validity of its Small Business Lending Rule Under the Equal Opportunity Act (Regulation B) issued in March 2023. Section 1071 of the Dodd-Frank Act requires covered nancial institutions to collect 13 data points on small business loan applications. The CFPB’s new regulation dramatically expands the data collection to 81 data points the lender must collect and report. The bankers argue, among other things, that the rule should be struck down because: it exceeds the statutory scope of the statute; is arbitrary and capricious due to the failure of the agency to address lender comments about the alarming costs that will be imposed upon small- and mid-sized banks in relation to the statutory purpose of encouraging more lending; and is arbitrary and capricious due to the CFPB’s failure to conduct a LEGAL YEAR IN REVIEWDeMarion Johnston GENERAL COUNSEL & CORPORATE SECRETARYVIRGINIA BANKERS ASSOCIATIONLEGAL LINE | vabankers.orgThe large volume of new regulations, the increased complexity of those regulations, and the questionable methods utilized in their enactments are disappointing and threaten to harm the banking industry.

15proper cost/benet analysis, as the agency only considered the cost of collecting the 13 data points and not the 81 data points the rule imposed. The federal court issued a temporary injunction in this case, preventing the agency from implementing the data collection rule against the plaintiffs and their members United States until the Supreme Court of the United States resolved the constitutionality of the CFPB's funding structure. The CFPB has extended the compliance dates by 290 days, with the earliest data collections beginning July 18, 2025, if the rule is not struck down. American Bankers Association and Consumer Bankers Association v. Consumer Financial Protection BureauThe American Bankers Association and Consumer Bankers Association, along with other trade groups, led suit in federal court opposing the CFPB’s rule promulgated in March 2024 that slashed the allowable charge for credit card late fees from $32 to $8. The bankers argue that this new regulation violates the Credit Card Accountability Responsibility and Disclosure Act of 2009 (aka CARD Act), which permits an issuer to charge reasonable and proportional late fees; is arbitrary and capricious and violates the Administrative Procedure Act because the CFPB relied on secret non-public data to estimate card issuer costs; violates the Dodd-Frank Act because it fails to properly consider the reduced access to credit and costs to consumers; and violates the Truth in Lending Act with its much too hasty May 14, 2024 effective date. The federal district court in this matter has issued an injunction preventing the CFPB from implementing the regulations while the court case is decided.A lawsuit led by payday lenders in 2018 challenging the CFPB’s constitutionality because of its unique funding structure was decided in May 2024 by the Supreme Court of the United States. The high court ruled by a vote of 7-2 that the agency’s funding through the Federal Reserve is compliant with the Congressional appropriations process and the agency is, therefore, constitutional. This ruling ended the possibility that the CFPB would be completely eliminated as a regulator, which means that its regulations remain intact and will each have to be challenged individually by those who oppose them. Thus, other lawsuits pending against the CFPB will proceed on each case’s merits. The VBA also advocated against overregulation. We led numerous comment letters with Congress and nancial regulators opposing the new burdensome federal regulations, undesirable legislation, and the inexplicable reversals in long-standing regulatory agency policies. Notably, the VBA Board met with CFPB Director Rohit Chopra (right) to discuss CFPB regulation in March 2024. Representing Virginia banks of all sizes, the VBA Board advocated for Virgina banking and impressed upon the Director many points, including the numerous burdens and costs of the Section 1071 rule and that overdrafts are a service that customers contract for and desire. The Director conversed with the Board for nearly an hour, and we are hopeful the information conveyed made an impact on the Director and his agency’s aggressive agenda. The challenges to the Fed, FDIC, OCC and CFPB regulations and regulatory actions will continue to wind their way through the courts, and we are eager for rulings that will curb the overreaching of the federal agencies and usher in a return to reasonableness in regulation.VIRGINIA BANKING ANNUAL | 2023-2024 | LEGAL & REGULATORYINCREASE NIM & WIN MORE DEALSINCREASE NIM & WIN MORE DEALSPRICING MANAGERPRICING MANAGER ✓ Arm Lenders with Tools They Need ✓ Calculate Relationship Protability ✓ React to Changing Environment ✓ Drive Pricing Consistency ✓ Improve Net Interest Margin ✓ Give Clients Options ✓ Win More DealsPricing Manager is a fully hosted, web based solution that allows banks to deploy a tool to all lenders so that they are equipped to price loans protably based on the bank’s target protability objectives.www.strunkaccess.cominfo@strunkaccess.com800.728.3116TOTAL NUMBER of VBA and Joint ABA/VBA Comment Letters Filed9

16FOCUSED ON STRATEGIC INITIATIVES Laurie Milligan PRESIDENT & COO VBA BENEFITS CORPORATIONFOR YOUR BENEFIT | vabankers.orgThe VBA Benets Corporation (VBABC) team has been busy this past year building strategic initiatives and growth opportunities in both the retirement and health & welfare areas. We take pride in monitoring the employee benet marketplace and bringing our members “best in class” employee benet programs that better enable our clients to attract and retain talent. RetirementWe are seeing great success with the Master Dened Contribution Trust structure and partnerships that were implemented in the fall of 2020. The combination of a turn-key solution and competitive fees has greatly enhanced our value proposition and allowed us to add ten community banks to our Dened Contribution program since our transition in 2020. Specically, in 2023 we: • Added three new 401(k) plans totaling $49.8 million in assets. • Expanded our partnership with the Kentucky Bankers Association to include ve KY banks with $19.8 million in assets and 174 participants. • Have ve plans in the prospective pipeline as of April 2024; one plan is being implemented for a July 1, 2024 effective date.With the dened contribution plans, there are no legislative constraints to sell our plans across state lines, which provides us with strategic growth opportunities not available in the health plan space. As our 401(k) plan continues to grow (approximately $400 million in total assets), it allows access to new share classes within our investment options, which equates to lower participant expense ratios for our members. At the beginning of 2024, we were excited to enhance our participant education offering with a dedicated nancial advisor specic to our retirement plans, who is available to assist participants at no cost on topics that include retirement planning, social security, asset allocation and distribution options. Health & Welfare One of the biggest risks to our health plans is the cost for prescription drugs. Pharmacy costs are escalating at a much higher rate than medical plan trend. This is largely due in part to: • Specialty/biologic medications – they are now being used to treat multiple medical conditions. For VBA, 1% of the population is utilizing specialty medications that are generating 52% of our total drug spend. • GLP-1 drugs – this class of medications is intended to treat diabetes but has off-label use for weight loss with some costs at $1,000 per prescription. • Gene therapies – used to cure rare conditions; the cost can be up to $3 million per treatment plan.We partner with MMA’s RxSolutions to keep a pulse on prescription drug trends to ensure our plans remain competitive and relevant. On January 1, 2024, due to a competitive market study, we transitioned prescription drug from RxBenets/ESI to CarelonRx (Anthem’s pharmacy benet manager). While there was some initial member disruption, the move provided our banks and members with competitive price guarantees and clinical management synergies by integrating medical and prescription drug coverage together. We estimate the transition to improve our previous Rx contract by $1.68 million based on previous claims utilization. Transitioned supplemental health products (hospital indemnity, critical illness, accident) from Aac to Securian, saving participants 30% - 40% on premiums. Introduced Maven Clinic, a digital women’s health solution; as of April 2024, 22 women have enrolled in the program. Rolled out Hello Heart pilot, a digital cardio-vascular health point solution, which had 70 spots available that were taken within the rst ten minutes of the site opening.Introduced Noom weight loss pilot program and all 100 spots were lled within minutes of the site opening. Participants have collectively lost more than 220 pounds since inception.Held our rst Wellness Summit (right) at the VBA ofce in February with more than 30 participants.Some other 2024 VBABC accomplishments to note:

17Join the VCDC Equity FundsContact: Bernard Rogers brogers@vacdc.org804-297-3005Your investment in the VCDC Equity Fund generates valuabletax credits, favorable CRA consideration, and an attractiveinternal rate of return.We have a variety of multi-investor fundofferings in addition to proprietary funds forcustom investment solutions.Kindlewood | Charlottesville, VA vibrantcommunities.usFairfax Hall | Waynesboro, VAVIRGINIA BANKING ANNUAL | 2023-2024 | VBA BENEFITS CORPORATIONJohn R. CaldwellCHAIRMAN The Farmers Bank of AppomattoxMichelle R. AustinBank of BotetourtElizabeth T. BealeBenchmark Community BankThomas F. Cherry C&F Bank Barry C. Elswick TruPoint BankMelody D. EmswilerFarmers & Merchants BankJames E. Hendricks, Jr.Village BankBrandon C. Lorey Bank of ClarkeW. Mark Nelson First Bank & Trust Company2023-2024VBA BENEFITS CORPORATION BOARD of DIRECTORSMedical and Prescription Drug Plans:Approximately 5,100 employees/ 8,700 members covered (includes spouses and children) Medical and Prescription Drug Coverage: $58,000,000 in projected costs, of which only 6% are administrative2024 SnapshotA snapshot of the scope, breadth and depth of VBABC offerings.A Look Back andA LOOK AHEAD2023 End of Year StatisticsRetirement Plans:Master Dened Contribution 401(k) Trust: 40 plans, 5,300 participants and $404,000,000 in assetsMaster Dened Benet Pension Trust: 9 plans and $86,000,000 in assetsNon-Qualied Deferred Compensation: 22 plans and $83,000,000 in assetsMembers of the VBABC team gathered at the 2024 RVA Power Women Awards to celebrate Laurie Milligan (left), who was selected as a nalist in the Banking/Finance category.The VBABC team during a team outing at Muse Paintbar in Richmond.

18LEAVINGOUR MARKKristen ReidVICE PRESIDENT, EDUCATION & TRAININGVIRGINIA BANKERS ASSOCIATIONTRAINING WHEELS | vabankers.orgLately, I have been thinking about the positive impact a person can leave on their organization and how that, ultimately, leads to the legacy they leave. More specically, and from my perspective, I have been thinking about how the VBA’s educational offerings could (and should be striving to) provide every attendee, regardless of the program, the opportunity to make a lasting impact at their bank. It could be an idea that was shared during a reception, a new solution learned about at the vendor speed dating sessions, or an eye-opening nugget from one of the sessions and speakers who presented. This is my internal gauge of whether a program is or is not successful - whether or not attendees are returning to their banks and making at least one change or improvement as a result of attending the program. The size of the immediate impact is less important than the fact that the needle is being moved which then can create the ripple effect of growth and improvement. While I will probably never know about all the changes, improvements or solutions that were sparked during a VBA offering, I can point to the specic impact that our long-time instructors make which then, in turn, ripples out and leads attendees to make a positive impact back at their bank. In reecting on the past twelve months, Mark Faircloth immediately jumps to the front of my mind. For those who may not have had the pleasure to cross paths with Mark, he was a consultant who spoke at countless VBA (and national) conferences and served as a Bank School instructor for 25 years. Sitting in his class for several years, I watched as he challenged, encouraged and inspired each student to learn, think differently about a problem at hand, and navigate their way to nding solutions. He asked tough questions to challenge a way of thinking and encourage people to investigate other perspectives. Long story short – he was an instructor who not only made people better but also gave them tools to return to their banks to make the organization better. While he technically retired from Bank School in 2022, he returned in 2023 to present the nal Faircloth Award, honoring a third year student who exemplied the values he and his family hold dear: continuous learning, passionate giving and purposeful living. In short, Mark honored the recipients of this award for the positive impact they made during their time at Bank School. For the years he invested in Bank School, not only are more than 1,500 students better, but the VBA, as an organization, is better. Mark Faircloth is just one example of the many, many partners we have with some of our longstanding programs who make this type of impact and are contributing to people leaving their own legacies. From all of us at the VBA, thank you to each and every one of our conference, seminar and school faculty, instructors and speakers who have contributed to Virginia bankers making their own marks.Mark Faircloth is just one example of the many, many partners we have with some of our longstanding programs who make this type of impact and are contributing to people leaving their own legacies. 26TRAINING EVENTS1,900 BANKERS REACHED166SPONSORS/EXHIBITORS(conferences, seminars and schools)EDUCATION & TRAINING: NOTED & QUOTED

19LEAVINGOUR MARKVIRGINIA BANKING ANNUAL | 2023-2024 | EDUCATION & TRAININGA SPECIAL THANKS TO OURENDORSED PROVIDERS, SIGNATURE SPONSORS, ASSOCIATE MEMBERS AND OTHER INDUSTRY PARTNERSTo learn more about the VBA Endorsed Providers, visit www.vabankers.org/endorsed-providers. To learn more about the VBA Signature Sponsors, visit www.vabankers.org/vba-signature-sponsors.Gold Level:Platinum Level:Silver Level:James R. BlackCHAIRMAN Touchstone BankFrank Bell Chesapeake BankBarton Black Farmers & Merchants BankZirkle Blakey, IIICornerStone BankJohn J. Brough Chain Bridge Bank, NAJohn William Clements, II The Bank of Southside VirginiaJoseph F. CollumBurke & Herbert BankDennis A. Dysart First Bank, VirginiaBlake M. Edwards, Jr.Skyline National BankPatricia A. Ferrick FVCbankAubrey H. Hall, III First National BankEdward C. MartinAtlantic Union BankAndrew J. PedenJohn Marshall BankSherri A. Sackett Select BankJulie K. Sturt United Bank2023-2024 | VBA MANAGEMENT SERVICES, INC. BOARDVBA Endorsed Providers continued to step up and serve our member banks through their quality solutions, relevant resources and timely insights. Thanks to each of those providers for their active engagement and support over the last year. We appreciate the VBA member banks that look to those providers to meet their banks’ and, ultimately, their customers’ needs. A special thank you to our valued Associate Members, Signature Sponsors, and other industry partners for their continued engagement and sponsorship support.

20LEADERSHIP TRAINING CONTINUUM PROGRAMS | vabankers.orgThe eighth annual Faircloth Family Award of Excellence was awarded to Lynda Phillips of Old Point National Bank. This award recognizes a member of the third year class who exhibits three attributes that Bank School instructor Mark Faircloth and his family deeply value – continuous learning, passionate giving and purposeful living. Virginia Bankers School of Bank ManagementCongratulations to the Class of 202320CLASS OF 2023 HONOR GRAD & TOP 10%2023 HONOR GRAD Sarah Mayfield TowneBank2023 TOP 10%Anne M. Archer Atlantic Union BankDavid George Bank of ClarkeCharles Brian Justice TruPoint BankAngela Massie Blue Ridge Bank, N.A.Sarah W. Mayfield TowneBankNed Witthoefft SouthState Bank, NARobert Zahm CornerStone BankTowneBankBurke & Herbert BankUnited BankAtlantic Union BankPowell Valley National BankChesapeake BankBurke & Herbert Bank Carter Bank C&F Bank The Bank of Charlotte County United Bank Atlantic Union Bank MainStreet Bank Blue Ridge Bank, N.A.United Bank C&F BankNew Peoples Bank Inc.TowneBankOld Point National BankHighlands Community BankSouthern Bank and Trust CompanyBank of ClarkeTowneBankBank of BotetourtCitizens Bank & Trust Co.TowneBankTowneBankTruPoint BankNew Peoples Bank Inc.Chesapeake BankLauren Chase AceyCharles B. AkersYared S. AlemuAnne M. ArcherKara BarrettVinson W. BerryElisa BhasinRuss Blanton Jennifer Bowie Melissa M. Brown William Garth Calhoun Kimberly R. Campbell Thomas A. Cary John Christopher ChamberlinRachel A. ClancyDonald Lee Cooper IIIShawn DupuieJoseph T. DusewiczLars FarnhamChristian Eugene FilipsDarian J. FisherDavid GeorgeEdward J. HenselerGinny M. HicksSarah T. HudginsBrad HunterBrittany Danielle Morgan JonesCharles Brian JusticeLucas W. KalberLouise S. KellumBetsy LacySean Christopher LynchZachary R. MarshallAngela MassieSarah W. MayfieldRyan W. McKinleyScott McNeillJason Robert MihmDouglas John O’Hagan MurphyAmy L. MurrayAndrew NorrisJohn PaulBrittany PayneAlvin PayneWilliam A. PazChrissy PeeleLynda PhillipsMihalis PontikisLinda J. PresgravesPaul David Reilly, Jr.Jonathan RhatiganSharon RicciardiRoy Richmond, Jr.Alec D. SchleicherGina A. TinglerGina M. WatsonKimberly C. WillsNed WitthoefftErin D. YoungRobert Zahm TowneBankTowneBankSkyline National BankBlue Ridge Bank, N.A.TowneBankNational Capital Bank of WashingtonSouthState Bank, NABurke & Herbert BankBurke & Herbert BankFirst Bank, VirginiaFirst Citizens Bank Atlantic Union BankFirst Bank, VirginiaAtlantic Union BankUnited BankTowneBankOld Point National BankSandy Spring BankSandy Spring BankAtlantic Union BankCarter BankFVCbankPowell Valley National BankTowneBankHighlands Community BankFVCbankVillage BankSouthState Bank, NATowneBankCornerStone BankTo view a full program recap, please visit www.vabankers.org/post/2023-virginia-bankers-school-bank-management-recap.2023VIRGINIA BANKERS SCHOOL OF BANK MANAGEMENT More than 200 bankers participated in the week-long session of the 2023 Virginia Bankers School of Bank Management. Bank School provides a multidimensional education experience in banking. Employing lectures from the best of the banking, professional and academic worlds, case studies, home study problems and peer study groups provides a vehicle for each student to experience comprehensive learning.The year’s week-long session featured instructors who have been a part of the school for many years, including Dr. Ed Seifried who celebrated his 50-year anniversary with the school. Students also participated in two general sessions during the week, the rst on creating a sense of belonging with Charm Bullard, VCIC, and the second an economic update with Dr. Ed.The third year class chose to give back during the week and raised more than $4,500, in addition to the supplies they collected, to benet the Ronald McDonald House Charities in Charlottesville.

21VBA Internship PROGRAMFrom June-August 2023, 53 students participated in the VBA Internship Program with 16 banks across the state. Through this program, interns were exposed to the industry through a variety of projects, online coursework, departmental rotations through their banks, community engagement and in-person and virtual training from the VBA. Interns who completed a set of requirements were eligible to receive the VBA Internship Program Certicate of Completion.Two in-person meetings were held for the interns – the Intern Orientation in May and the Mid-Summer Meet Up in July. Participating interns also had the opportunity to attend a shadow day at the Virginia Bankers School of Bank Management in July (pictured right). Interns participated in virtual meetings throughout the summer on a variety of banking topics, including: VIRGINIA BANKING ANNUAL | 2023-2024 | LEADERSHIP TRAINING CONTINUUM PROGRAMSTowneBankTowneBankSkyline National BankBlue Ridge Bank, N.A.TowneBankNational Capital Bank of WashingtonSouthState Bank, NABurke & Herbert BankBurke & Herbert BankFirst Bank, VirginiaFirst Citizens Bank Atlantic Union BankFirst Bank, VirginiaAtlantic Union BankUnited BankTowneBankOld Point National BankSandy Spring BankSandy Spring BankAtlantic Union BankCarter BankFVCbankPowell Valley National BankTowneBankHighlands Community BankFVCbankVillage BankSouthState Bank, NATowneBankCornerStone BankTo view a full program recap, please visit www.vabankers.org/ post/2023-management-development-program-recap. On November 15, 2023, 23 Virginia bankers graduated from the VBA Management Development Program. This program is a three-month, comprehensive training designed for newer employees who have developed a passion for banking, want to enhance their knowledge of the business of banking, and who are motivated to excel in their careers and reach their full potential. Sessions in this year’s program included: VBA Management DEVELOPMENTPROGRAMTo view a full program recap, please visit www.vabankers.org/post/2023-vba-internship-program-recap. • Introduction to Banking & Accounting and ALCO – Banking’s Universal Language • Insights Discovery: Learning Your Personal Leadership Style • Digital Banking & the Modern Bank Marketing Department • From the CEO Seat – Dening Moments in Our Professional Development Journey • Bank Compliance • Community Development/ CRA and Community Development/Networking 101 • Introduction to Strategic Planning & Perspectives on Career Development • Advocacy & Industry Engagement Beyond MDP • Enneagram Workshop • Cryptocurrency 101 • Trends in Fintech • It’s Your Career – Grab the Wheel and Let’s Go Places! • A conversation on DEI in the banking industry • Capstone project discussions and mini- presentations • American National Bank & Trust Co. • Bank of Clarke • Blue Ridge Bank • Chain Bridge Bank • Chesapeake Bank • F&M Bank • First Bank & Trust Co. • First Bank, Virginia • First National Bank • Pendleton Community Bank • Southern Bank and Trust Company • The Bank of Southside Virginia • The Farmers Bank of Appomattox • Touchstone Bank • TowneBank • Village BankThe following banks had interns who participated in the 2023 program:Chelsea BalesBank of ClarkeEmma BarkerChesapeake BankCari BestSouthern Bank and Trust Co.Becky BienkowskiSelect BankRick ClaburnChain Bridge Bank, N.A.Sarah DickhoffThe Bank of Charlotte CountyRobbie HarrisNew Peoples Bank, Inc.Melissa HicksChesapeake BankMarisa HughesNew Peoples Bank, Inc.Khanh HuynhMainStreet BankSean MatthewsThe Bank of Southside VirginiaJoe MayeldChesapeake BankShawn McReynoldsNew Peoples Bank, Inc.Claudia Mojica-GuadronChain Bridge Bank, N.A.Ben MundtMainStreet BankKatrina PikeBank of ClarkeOlga RobertsMainStreet BankJon RothSandy Spring BankBlake ShawBenchmark Community BankChristina ShoemakerBank of BotetourtTravis TateMainStreet BankSam WhippoChain Bridge Bank, N.A.Michael WrightChesapeake BankCongratulations to theCLASS OF 2023

22EDUCATION & TRAINING | vabankers.orgNearly 260 bankers and industry partners joined us in Williamsburg from March 11-13 for the VBA Connect|Protect Experience. This event brought together banking professionals in the areas of marketing, human resources, retail banking, training, security, enterprise risk management, compliance, and operations and technology. This year’s event featured 35 total sessions, including ve general sessions and ve rounds of concurrent breakout sessions, during which attendees uncovered new ideas, trends, and developments in banking.General sessions at this year’s event included:Work Smarter, Not Harder: Tips and Tools to Power Your ProductivityShameka Jennings, Events NoireFintech Transformers: Rise of PrimacyAdam Thompson, StrategyCorpsIndustry Update Bruce Whitehurst, Virginia Bankers AssociationEvolving Cyber Threats: What’s Next?Stephanie Lyon, Ncontracts The Anatomy of a Good IdeaAce Callwood, Envoy2024To view a full event recap, please visit www.vabankers.org/post/2024-vba-connectprotect-experience-recap.

23VIRGINIA BANKING ANNUAL | 2023-2024 | EDUCATION & TRAININGLending & CREDIT CONFERENCE Nearly 110 bankers and industry partners joined us October 16-17, 2023 for the Lending & Credit Conference. This event provided educational and networking opportunities through a combination of general sessions and peer group discussions. Sessions at the 2023 event included an economic and housing market update, compliance hot topics impacting lending and credit administration, loan growth through technology and automation, and more.OCT2023On January 11, nearly 550 bankers and members of the business community joined us for the VBA/VA Chamber Financial Forecast at the Greater Richmond Convention Center. For the thirteenth year, the VBA and VA Chamber of Commerce partnered to bring together hundreds of members of the business community to learn what lies ahead for the state and national economy.Speakers at the 2024 event included Tom Barkin, Federal Reserve Bank of Richmond president & CEO, and Nancy Howell Agee, CEO of the Carilion Clinic. To view a full event recap, please visit www.vabankers.org/post/2024-vbava-chamber- financial-forecast-recap. To view a full event recap, please visit www.vabankers.org/conferenceseminarschool/ 2023-lending-credit-conference-recap. CFOCONFERENCEMore than 140 bankers and industry partners joined us August 21-23, 2023 at The Hotel Roanoke for our CFO Conference. Attendees enjoyed engaging and relevant sessions and also had the opportunity to meet with our sponsors in the exhibit hall. Sessions at the 2023 event included preparing your balance sheet for the future, SECURE Act 2.0 overview, CFO hot topics overview, and more.AUG2023VBA/VACB DIRECTORS’ SYMPOSIUMNearly 160 bankers and industry partners joined us for the 2024 Directors’ Symposium, co-sponsored by the Virginia Association of Community Banks (VACB), with a session in Blacksburg on April 16 and Richmond on April 17. The 2024 program provided bank board members with current data, thought-provoking industry trends and networking opportunities with other directors and regulators. Topics included an economic update, legal panel, AI and the future of payments, and more.To view a full event recap, please visit www.vabankers.org/post/2024-vbavacb-bank- directors-symposium-recap. APR2024VBA/VA Chamber FINANCIAL FORECASTThe VBA partnered with the Delaware Bankers Association, Maryland Bankers Association, Pennsylvania Bankers Association and West Virginia Bankers Association for the Mid-Atlantic Bank Executives Conference on September 10-11, 2023 in Leesburg, VA. Nearly 70 bankers and industry partners joined us for sessions on M&A and the banking landscape, a Washington update, cybersecurity and payments fraud, and more.Mid-Atlantic Bank EXECUTIVESCONFERENCESEP2023JAN2024EVENT HIGHLIGHTSTo view a full event recap, please visit www.vabankers.org/post/2023-cfo-conference-ethics-session-recap.

24WomenIN BANKING CONFERENCEOn November 30, 2023, bankers from across the Commonwealth joined us for the eleventh annual Women in Banking Conference. This conference was designed for all women involved in banking and provided engaging and thought-provoking sessions on nding success in the industry. The 2023 event brought together nearly 120 attendees at Hermitage Country Club in Manakin-Sabot. Sessions included: • Talking 9 to 5: Strategies for Effective Communication • Why Women are Positioned to Thrive in a Rapidly Changing Banking Industry • Leading for Today and Tomorrow • Dare to Care™: How Leaders Inspire & Inuence with Emotional Intelligence • Creating Work-Life Balance in an Unbalanced World To view the full event recap, please visit www.vabankers.org/internal-links/2024- international-womens-day. International WOMEN’S DAYIn partnership with the VBA Executive Women in Banking Peer Group, the VBA hosted an International Women’s Day reside chat on March 8, 2024 with Liza Mickens, great, great-granddaughter of Maggie Walker, and Jennifer Knighting, First Bank, Virginia and member of the VBA Executive Women in Banking Peer Group. More than 400 bankers from across Virginia gathered for the reside chat. EDUCATION & TRAINING | vabankers.orgYOURTRUSTEDADVISORTo view a full event recap, please visit www.vabankers.org/post/2023-women-banking-conference-recap.

25VIRGINIA BANKING ANNUAL | 2023-2024 | DIVERSITY, EQUITY & INCLUSIONA TOTAL OF 1,760 bankers from 43 states, Puerto Rico and Washington D.C. have participated in the Diversity, Equity & Inclusion Summits since 2020To view a full event recap, please visit www.vabankers.org/ post/2023-abavbamba-dei-summit-recap. To view a full program recap, please visit www.vabankers.org/post/2022-2023-vba-womens-mentorship-program-recap. 2020-2023DEI SUMMITS2022-2023 VBA Women’sMENTORSHIP PROGRAMThe 2022-2023 cohort of the Women's Mentorship Program concluded in September 2023. In this program, mentor/mentee pairs participated in a 10-month experience involving one-on-one interaction and discussion combined with training and regional networking opportunities. Through this program, bankers participated in a formal opening session that included mentor and mentee training, bi-monthly industry and development focused themes, regional meetups hosted by members of the Executive Women in Banking Peer Group, and a closing event hosted by the VBA. Bi-monthly themes for the 2022-2023 cohort included:VIRGINIA BANKING ANNUAL | 2023-2024 | EDUCATION & TRAININGABA/MBA/VBA DIVERSITY, EQUITY & INCLUSION SUMMIT VBA, the American Bankers Association and the Maryland Bankers Association partnered to host the fourth-annual virtual Diversity, Equity & Inclusion Summit for bankers on September 14, 2023. More than 510 people attended nationwide from 39 states, Washington D.C. and Puerto Rico. The inaugural ABA Diversity, Equity & Inclusion Awards were announced during the Summit and honored and recognized banks for their internal-facing programs, initiatives and activities focused on improving diversity, equity and inclusion in their workforces. Winners included VBA members United Bank, Primis Bank, and Pinnacle Financial Partners. The event opened with a session on courageous civility with Shola Richards, Go TogetherTM founder & CEO. The concurrent breakout sessions provided education on the changing litigation and regulatory environment for corporate diversity, equity and inclusion programs; an introduction to disability inclusion and awareness; diversity, equity and inclusion meaningful metrics; an LGBTQ+ perspectives panel; and more. The event closed with the session, “You Can Bank on Harmony” with Pam Confer, Ph.D., Corporate Humorist, Master HR Trainer, and Jazz Artist, Confer Consulting and Communications, LLC.Bank Financial ManagementCondence & MotivationResiliency & ChangeBuilding Your Personal BrandDealing With ConictCareer Development • Atlantic Union Bank • Bank of Botetourt • Benchmark Community Bank • Chesapeake Bank • Forbright Bank • MainStreet Bank • Oak View National Bank • Old Point National Bank • VBA Benets Corporation/ Virginia Bankers AssociationFifty-ve bankers participated in the 2022-2023 program from the following banks:

26GET TO KNOW 2024 EBL CHAIR DARREN TULLYSENIOR VICE PRESIDENT, COMMERCIAL TEAM LEAD CAPITAL BANKTell us about why you became a banker and what has kept you in the industry for the past 12 years.I started my career working in insurance on Wall Street, in the early days of the Great Recession. I learned a lot about nancial analysis and risk modeling in those days, at a time when systemic risk was a major focus in the economy. I eventually moved back to my hometown in Northern Virginia, and while I knew I enjoyed the analytical aspects of working in nancial markets, I felt something was missing; I didn’t have a direct relationship with my customers or my community. In banking, I feel like I’ve found the best of both worlds: I can leverage the skillset I’ve developed in nance to be a trusted advisor to my clients, to help businesses grow and to enrich the communities that my bank serves.Tell us how you initially became involved with the VBA Emerging Bank Leaders (EBL) and why you decided to champion the group by becoming its chair.I couldn’t imagine my career today without being rooted in the EBL. When I started in banking, I didn’t know how to be a banker! I looked to others for examples of best practices, how to engage with our customers in a meaningful way, and how to give back to our communities. To me, what makes the EBL great are the members: we are to each other networking opportunities, business development, mentorships, and lifelong friendships…it represents all the best aspects of being a banker.Who or what inspires you? What resources, tools or techniques do you use when you need new ideas or to be reenergized?I typically nd inspiration from three sources: 1) great leaders: when a leader has a clear vision and mission, that’s easy for me to internalize and I nd myself mimicking their behaviors. 2) my clients: I’m inspired by entrepreneurs and the bravado it takes to risk it all on a dream – it inspires me to rise to their level of energy and deliver for them. And 3) my peer bankers: I’m a pretty competitive person, so when I see other banks or bankers doing great things, it pushes me to try to do the same.What recommendations do you have for EBL members looking to engage with the association?Attend as many formal and informal events as possible to get to know other bankers in your area, including Burgers with Bruce and any regional networking opportunities.EMERGING BANK LEADERS | vabankers.orgA. A. A. A. Q.Q.Q.Q.To learn more about the EBL Regional Directors, please visit www.vabankers.org/internal-links/ 5-minutes-ebl-regional-directors. 2024 Emerging Bank LeadersREGIONAL DIRECTORSThe EBL is a group that connects Virginia’s emerging bank leaders to engage them in the future of the banking industry. More than 620 bankers are members of the EBL, which is split into six regions within the state. The efforts and activities of the EBL are planned in partnership with the EBL Steering Committee, a group of 29 bankers from across the state, which includes the following regional directors for 2024:Northern VirginiaRegion: DARREN TULLY Capital BankHampton Roads/ Eastern Shore Region:DALE SCHUURMANBlue Ridge BankCentral/Southside Region:ZACH MCGILLFirst National BankCapitol Region: JENNIFER WILLNER GEGNER C&F BankValley Region: JORDAN DEANPendleton Community BankSouthwest Virginia Region: DAVID CAHILLFirst Bank & Trust CompanyTo read Darren’s full Q&A, please visit www.vabankers.org/internal-links/get-know-darren-tully-2024-ebl-committee-chair.

27VIRGINIA BANKING ANNUAL | 2023-2024 | EMERGING BANK LEADERSTo view a full event recap, please visit www.vabankers.org/ conferenceseminarschool/2023-vba-leadership-conference-recap. To view a full series recap, please visit www.vabankers.org/post/2024-burgers-bruce-recap.Nearly 100 Virginia bankers and industry partners joined us in Staunton for the 2023 VBA Leadership Conference on November 16-17. This annual event is designed for emerging banking leaders and members of the EBL, giving attendees the opportunity to share ideas and network with peers from across the state. In addition to staple sessions like an economic outlook and bank CEO/executives panel, attendees also received education on topics like understanding your why, the science of work-life balance, being a leader worth following, and more.VBA LEADERSHIP CONFERENCEIn April and May 2024, nearly 200 attendees enjoyed a state of the industry update from VBA’s President & CEO Bruce Whitehurst followed by a “Leadership Dialogues” panel that consisted of a member of a VBA board, as well as a banker who has been involved in the Emerging Bank Leaders group throughout his or her career.Burgers with Bruce SERIESThank You to the 2024 Panelists & Event Emcees!(Panelists listed in alphabetical order)HARRISONBURG Brandon Lorey Bank of ClarkeGreg HooverFirst Bank, VirginiaEmceeJordan Dean Pendleton Community BankNORTHERN VIRGINIAJohn Brough Chain Bridge BankChris JohnstonMainStreet BankEmceeDarren TullyCapital BankABINGDON Mark Nelson First Bank & Trust CompanyMatthew EadesPowell Valley National BankEmceeDavid Cahill First Bank & Trust CompanyNORFOLK Brian Skinner TowneBankTrent Dudley Southern Bank and Trust CompanyEmcee Meredith ElliottTowneBankROANOKE Michelle AustinBank of BotetourtTracie GallahanFirst National BankEmceeZach McGillFirst National BankRICHMONDJanet Tope Wells FargoTim Duffee SouthState BankEmceeJennifer Willner Gegner C&F Bank

28VBA EDUCATION FOUNDATION | vabankers.orgFrom September 2023 to May 2024, thirteen Virginia community college students participated in the Virginia Banking Fellows Program, a partnership with the Virginia Foundation for Community College Education (VFCCE). The VBA Education Foundation and seven Virginia banks sponsored this program with a mission to provide opportunities for underserved community college students to pursue their academic goals, strengthen their leadership skills, and learn more about the banking industry.Each of the thirteen students received a $7,000 scholarship to support tuition, books, fees and other expenses related to their education. The banking industry contributed an additional $3,000 per Fellow to cover educational elements and the administrative fees of the Program, for a total of $10,000 per Fellow and $130,000 in all. 2023-2024 Virginia Banking Fellows attended the following community colleges: • Blue Ridge Community College • Danville Community College • Germanna Community College • Laurel Ridge Community College • Mountain Empire Community College • Northern Virginia Community College • Piedmont Virginia Community College • Reynolds Community College • Tidewater Community College Virginia Banking FELLOWS PROGRAMContributions to the VBA Education Foundation Annual Fund Campaign ensure that the banking industry is able to continue supporting and growing statewide programs like the Virginia Banking Fellows Program, VBA Bank Day Scholarship Program and Virginia Reads One Book. • 5iron • American National Bank & Trust Co. • Atlantic Union Bank • Bank of America • Bank of Botetourt • Bank of Clarke • Benchmark Community Bank • Blue Ridge Bank • C&F Bank • Carter Bank • Chain Bridge Bank • Chesapeake Bank • Citizens Bank & Trust Co. • Community Bankers' Bank, in recognition of retiring directors Billy Beale, Angela Cusack and Tom Rasmussen • Community Bankers’ Bank, in memory of Doug Monroe • Community Bankers' Bank, in memory of Peter Clements • First Bank, Virginia • First Bank, Virginia, in memory of Peter Clements • First National Bank • Lee Bank & Trust Company • National Capital Bank • Oak View National Bank • Old Point National Bank • Powell Valley National Bank • Southern Bank and Trust Co. • SouthState Bank • The Bank of Marion • Touchstone Bank • TowneBank • Truist Bank • Virginia Association of Community Banks • VBA, VBA Benets Corporation & VBA Management Services, Inc., in recognition of Charley Majors' years of service on the VBA Education Foundation BoardThank you to the following banks and industry partners that contributed to the 2023 campaign:2023 VBA EDUCATION FOUNDATIONANNUAL FUND CAMPAIGNNUMBER OF BANK AND INDUSTRY PARTNER CONTRIBUTORS32NUMBER OF INDIVIDUAL CONTRIBUTORS38VBA EDUCATION FOUNDATION: YEAR IN REVIEW ‘24In March 2024, Grant Parsons, a student at West Potomac High School in Alexandria, won the 2024 ABA Foundation Lights, Camera, Save! video contest. As the national winner, Grant received a $5,000 scholarship. Grant was sponsored by Burke & Herbert Bank. Lights, CAMERA, SAVE!Total Amount Raised: $59,300

29There is a constant buzz throughout the hallways during the month of Virginia Reads One Book. Teachers, students, custodians, administration, cafeteria workers, and parents are all talking about the great book we are reading together!–2024 Program ParticipantVIRGINIA BANKING ANNUAL | 2023-2024 | VBA EDUCATION FOUNDATIONScott C. HarvardCHAIRMAN First Bank, VirginiaWalter C. Ayers DIRECTOR EMERITUS VBA President & CEO 1983-2006Nathalia D. Artus Atlantic Union BankT. Patrick Collins TowneBankTimothy M. Duffee SouthState Bank, NAJeffrey V. Haley American National Bank & Trust Co.Leton L. Harding, Jr. Powell Valley National Bank Jennifer W. KnightingFirst Bank, VirginiaThomas L. Rasey, Jr.The Farmers Bank of AppomattoxGary R. ShookCommunity Bankers’ BankJeffrey M. Szyperski Chesapeake BankLitz H. Van DykeCarter BankDorothy M. WelchBlue Ridge Bank, N.A.Bruce T. WhitehurstVirginia Bankers AssociationSteven C. Yeakel, CAE Virginia Association of Community Banks2023-2024VBA EDUCATION FOUNDATION BOARD2023 VBA EDUCATION FOUNDATIONANNUAL FUND CAMPAIGNABA Foundation FINANCIAL EDUCATION PROGRAMS2024 TEACH CHILDREN TO SAVE28BANKS REGISTERED1,900STUDENTSREACHED27BANKS REGISTERED2023 GET SMART ABOUT CREDIT900STUDENTSREACHEDAll registration numbers as of June 2024.VirginiaREADS ONE BOOK PROGRAMIn March 2024, more than 15,000 Virginia students and their families from 38 Title 1 schools were able to participate in the statewide reading program, Virginia Reads One Book, thanks to nearly $113,000 of nancial support from the VBA Education Foundation and 21 Virginia banks. More than half of the total number of students participating in the 2024 program did so through Virginia banking industry sponsorship. To view a full program recap, please visit www.vabankers.org/post/2024-virginia-reads-one-book-program-recap. More than 650 students registered to participate with 28 Virginia banks for the 2024 VBA Bank Day Scholarship Program. Banks hosted in-person and virtual meetings for the students and provided resources and information so the students could learn about banking, nancial services, career opportunities in the industry and the vital role banks play in their communities. Sydney Guthrie | 2024STATEWIDE WINNERVBA Bank DaySCHOLARSHIP PROGRAMTo learn more about the 2024 winners, please visit www.vabankers.org/internal-links/get-know-2024-vba- bank-day-scholarship-program-winners. A total of $26,000 was awarded from the VBA Education Foundation to 12 students on the basis of essays written about their experiences. Sydney Guthrie, a senior at James Madison High School in Vienna, was selected as this year’s statewide winner and received a $7,500 scholarship. Sydney was hosted by Burke & Herbert Bank.

30TITLE AGENCIES, VMBA & VBA STAFF | vabankers.orgVBAMULTI-BANK TITLEAGENCY PROGRAMVBA MSI continued its role managing the Virginia Mortgage Bankers Association (VMBA) over the past year. The VMBA works to provide the Virginia mortgage industry with opportunities for professional development through its annual Loan Ofcer Summit, virtual Mastermind sessions, and the VMBA Annual Convention. Most importantly, the VMBA worked closely with its lobbyist to navigate the 2024 General Assembly session and address proposed legislation affecting the mortgage industry. This year, the VMBA worked with Del. Josh Thomas to introduce legislation to amend the Virginia code to accurately dene how recordation taxes are calculated in a real estate transaction. The proposed legislation passed both the Senate and House and has been signed by the Governor.VirginiaMORTGAGE BANKERS ASSOCIATION (VMBA)Virginia Banking Annual is a supplement to Virginia Banking Monthly. Copyright 2024. GRAPHIC DESIGN BY MAGGIE WILHELM DESIGN. VIRGINIA BANKING ANNUAL IS PRINTED BY CONQUEST GRAPHICS. Statements of fact and opinion are made on the responsibility of the authors and do not imply an opinion or endorsement on the part of the ofcers or members of VBA.VBA Management Services, Inc. (MSI) is proud to manage and support the multi-bank title agencies. The title agencies have seen a slight uptick in business over the last year and continue to be protable. They offer residential and commercial title insurance, complex commercial title services, 1031 exchanges in Virginia and West Virginia, and settlement services in Virginia. Since the inception of the multi-bank title agency program, the agencies have paid out over $71 million in combined dividends. Their model demonstrates a commitment to standards set by ALTA Best Practices and RESPA compliance, a focus on exceptional service, and solution-driven products for our partners and customers. If your bank is interested in non-interest income, please reach out to Tracy Ottinger to discuss the potential of joining one of these agencies or if you have any questions about the title agencies.Amy BinnsVP, Industry PartnershipsAnne Boerner BookkeeperDemeria BoldenIT Helpdesk TechnicianMatt BruningEVP, Government & Member RelationsTammy ClarkAccounts Payable & Accounts Receivable SpecialistMichele DunnEvent PlannerKellee EdelinProject Manager, MSIDatabase Manager, VBA Todd HancockIT AdministratorSuzanne JenkinsSenior Accounting ManagerDeMarion Johnston, Esq. General Counsel & Corporate SecretaryWalt LyonsVP, Education & Training and VMBA Executive DirectorMonica McDearmon VP, Communications & Financial Education Carla Moore HR DirectorTracy OttingerSVP, MSI Managing Director, Title AgenciesChandler OwdomSVP, Communications & Strategy Stacy PuckettCFOGail QueenVirtual Training & Registration CoordinatorKristen ReidVP, Education & Training Henry WatkinsGovernment Relations ManagerRachel Weatherby Administrative AssistantBruce Whitehurst President & CEOCindy BeazleyBenets CoordinatorGabby BondManager, Benets Systems & Emerging Bank LeadersPam ConnellySenior Director, Benet Plan AnalysisVicky HellerBenets Administrator Laurie MilliganPresident & COOClaire PollockRetirement Plan ManagerJohn SneadSVP, Member RelationsBobbi WeimerSenior Director, Benet Operations & ComplianceVBA StaffVBA Benets Corporation StaffEDITORIAL & EXECUTIVE OFFICE: 4490 Cox Road • Glen Allen, VA 23060 www.vabankers.orgSUBSCRIPTIONS: To subscribe to Virginia Banking, please visit www.vabankers.org/webform/subscribe-vba-publications.SIMPLE & APPLICATION. Apply in 3 minutes and find out instantly if you are approved. PERSONALIZED LOANS. Choose from our flexible repayment options to make your payments work for you.WE’RE HERE TO HELP. Use our tools, resources and top-notch customer service team to help you along the way, and save as much as possible.A BETTER STUDENT LOAN EXPERIENCE.College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. © 2023 College Ave Student Loans. All Rights ReservedCOLLEGEAVESTUDENTLOANS.COMWe know paying for college can be stressful. We don’t think it needs to be that way. We offer private student loans that fit your budget and your goals. 104VMBA MEMBERSAS OF YEAREND 2023192ATTENDEESAT THE VMBA ANNUAL CONVENTION

31VBA Benets Corporation StaffSIMPLE & APPLICATION. Apply in 3 minutes and find out instantly if you are approved. PERSONALIZED LOANS. Choose from our flexible repayment options to make your payments work for you.WE’RE HERE TO HELP. Use our tools, resources and top-notch customer service team to help you along the way, and save as much as possible.A BETTER STUDENT LOAN EXPERIENCE.College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. © 2023 College Ave Student Loans. All Rights ReservedCOLLEGEAVESTUDENTLOANS.COMWe know paying for college can be stressful. We don’t think it needs to be that way. We offer private student loans that fit your budget and your goals.

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