RESTON, Va.--(BUSINESS WIRE)--
John Marshall Bancorp, Inc. (OTCQB: JMSB), the holding company for John
Marshall Bank (the “Bank”), announced today that effective as of the
Annual Meeting of Shareholders, to be held on May 21, 2019, John R.
Maxwell, Executive Chairman of the Board, has elected to retire from the
Board of Directors, but will continue to actively engage in business
development efforts on behalf of the Bank and serve as the Advisor to
the Chief Executive Officer, Christopher (“Chris”) W. Bergstrom. Mr.
Maxwell indicated that he is looking forward to continuing his support
of the Bank and expanding his involvement with charitable and community
organizations.
In connection with Mr. Maxwell’s retirement as Chairman, the Board of
Directors expects to nominate current Vice Chairman of the Board and
founding Director, Jonathan C. Kinney to succeed Mr. Maxwell as Chairman
of the Board. Mr. Kinney is a shareholder at the law firm of Bean,
Kinney and Korman, P.C. in Arlington, Virginia. He has a Juris Doctorate
degree from the University of Chicago Law School and is actively
involved in various philanthropic and civic efforts.
Mr. Maxwell served the Bank as Chief Executive Officer for over a
decade, prior to our current President and Chief Executive Officer
(CEO), Chris Bergstrom joining the organization in April of 2018. Under
Mr. Maxwell’s leadership, the Bank thrived and reported strong growth
and earnings. “It has been extremely rewarding to be a part of the John
Marshall Bank narrative, while positively contributing to the
communities in which the Bank operates. I’ve never been more optimistic
about the Bank’s ability to effectively serve our clients while also
being in a position of strength and relevance,” said Mr. Maxwell.
John Marshall Bank CEO, Chris Bergstrom said, “In the past year I have
been with John Marshall Bank, I have been deeply impressed with John
Maxwell’s insightful leadership and longstanding commitment to this
community and wish him and his family all of the best in his retirement.
I am confident in our team's ability to continue providing our clients
with the sophisticated products, financial solutions and personalized
service that they have come to expect from us, while adhering to a
thoughtful and fiscally responsible growth strategy that our
shareholders value.”
“On behalf of the entire board, we want to express our gratitude to John
Maxwell for his service to the Company and the Bank. I look forward to
working closely with Chris Bergstrom and the other members of the John
Marshall Bancorp Board, to continue to build shareholder value and
establish the Bank as one of the leading community business banks in the
Washington, D.C. metro region,” said Mr. Kinney.
About John Marshall Bancorp, Inc.
John Marshall Bancorp, Inc. is the bank holding company for John
Marshall Bank. John Marshall Bank is headquartered in Reston, Virginia
and has eight full-service banking centers located in Reston, Leesburg,
Arlington Alexandria, Tysons Corner and Woodbridge, Virginia; Rockville,
Maryland; Washington, DC and one loan production office in Arlington,
Virginia. Further information on the Bank can be obtained by visiting
its website at www.johnmarshallbank.com.
This press release contains forward-looking statements within the
meaning of the Securities and Exchange Act of 1934, as amended,
including statements of goals, intentions, and expectations as to future
trends, plans, events or results of Company operations and policies and
regarding general economic conditions. In some cases, forward-looking
statements can be identified by use of words such as “may,” “will,”
“anticipates,” “believes,” “confident,” “expects,” “plans,” “estimates,”
“potential,” “continue,” “should,” and similar words or phrases. These
statements are based upon current and anticipated economic conditions,
nationally and in the Company’s market, interest rates and interest rate
policy, competitive factors, and other conditions which by their nature,
are not susceptible to accurate forecast, and are subject to significant
uncertainty. Because of these uncertainties and the assumptions on which
this discussion and the forward-looking statements are based, actual
future operations and results may differ materially from those indicated
herein. Readers are cautioned against placing undue reliance on any such
forward-looking statements. The Company’s past results are not
necessarily indicative of future performance.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190411005585/en/
Christopher W. Bergstrom, John Marshall Bank
703-584-0840 or cbergstrom@johnmarshallbank.com
Source: John Marshall Bancorp, Inc.