Addition of Chris W. Bergstrom is a testament to Bank’s commitment
to community and financial strength
RESTON, Va.--(BUSINESS WIRE)--
Today John Marshall Bank welcomed Christopher “Chris” W. Bergstrom as
President and Chief Executive Officer of the Bank. Mr. Bergstrom held a
variety of executive positions during his 19 years with Cardinal
Financial and Cardinal Bank, serving as President and Chief Executive
Officer before United Bank’s acquisition of Cardinal Bank in April 2017.
Bergstrom was United Bank’s President for the past year before joining
John Marshall Bank.
John R. Maxwell, who previously was John Marshall Bank’s Chairman and
CEO and will now serve as the Executive Chairman of the Board, said “To
say I am delighted to have someone of Chris’s talent assume the critical
position of CEO is an understatement. Chris’s banking experience of
nearly 36 years, much of which has been executive leadership, coupled
with his reputation as a man of integrity and his success helping to
grow Cardinal Bank makes Chris the perfect leader to step into the role
as CEO at John Marshall Bank.”
John Marshall Bancorp, Inc. (OTCQB: JMSB) reported total assets of $1.23
billion during the first quarter of 2018 ending March 31st.
Year-over-year asset growth, from March 31, 2017, to March 31, 2018, was
$151.3 million, or an increase of 14%.
"I am excited about taking the reins as CEO of this tremendous community
bank,” said Bergstrom. “In a short time span of 10 years, John Marshall
Bank has grown its assets from $48 million to $1.23 billion organically,
during a time when many of the other local community banks have grown
through mergers and acquisitions. John Marshall Bank is one of the few
remaining original community banks in the Northern Virginia D.C. metro
market and a force with which to be reckoned. It's going to be an
exciting time for our customers and employees."
“The Washington Metropolitan area is one of the best financial services
markets in the United States,” Bergstrom said. “Recent local bank
consolidations present a significant opportunity for John Marshall Bank
to distinguish itself from larger institutions.
“I have spent most of my banking career serving the diverse communities
in the Washington, D.C. area. I know what they want from a bank, and I
am delighted to play a part in the next stage of John Marshall Bank’s
growth as we continue to meet the needs of those we serve,” continued
Bergstrom.
“John Marshall Bankrepresents the best of community banking. The
company has caring and talented professionals and offers the latest
technology in its products and services. We are committed to serving the
community and are accessible and loyal to our customers. Also, with the
bank’s tremendous growth and capital position, we have the muscle to
work with larger banking relationships,” Bergstrom concluded.
Bergstrom’s decision to join as CEO is seen as a demonstration of John
Marshall Bank’s strength and commitment to its investors and the
communities it serves. The company has banking centers in Reston,
Alexandria, Arlington, Leesburg, Rockville, Washington, D.C., and a
seventh Tysons Corner branch scheduled to open late summer. The Bank is
headquartered in Reston.
John Marshall Bank first opened to the public in Falls Church, Virginia
in May 2006. Since that time, the bank has become one of the areas most
respected, fastest growing and well-capitalized banks.
Please visit http://www.johnmarshallbank.com
For more information or to schedule an interview with a John Marshall
Bank spokesperson, please contact Bruce Gemmill of John Marshall Bank at
703-584-0870 or bgemmill@johnmarshallbank.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20180502006263/en/
John Marshall Bank
Bruce Gemmill, 703-584-0870
bgemmill@johnmarshallbank.com
Source: John Marshall Bank