Bank of Clarke adds tech expert Shyamsunder to board of directors

BERRYVILLE, Va. - Bank of Clarke and its holding company Eagle Financial Services, Inc. (NASDAQ:EFSI), a regional bank with a market capitalization of $156 million, appointed Winchester resident Karthik Shyamsunder to their Board of Directors, according to a press release statement issued today. InvestingPro data shows the bank has maintained a strong dividend track record, raising payments for 22 consecutive years.

Shyamsunder, a Distinguished Engineer/Fellow/VP at a leading internet technology company, brings expertise in artificial intelligence, cloud computing, security, and big data to the board. He also serves as an adjunct faculty member at Johns Hopkins University, where he received Faculty of the Year awards in 2000 and 2020.

"Karthik brings vast technological experience with him, which will help steer the Bank in the direction it needs to go in as we grow and continue to modernize our platforms," said Brandon Lorey, Bank of Clarke President and CEO.

Board Chair Cary Nelson added that Shyamsunder’s "background in technology and data security will help us navigate the challenges the coming years will certainly bring."

Shyamsunder holds both bachelor’s and master’s degrees in computer science, is fluent in four languages, and has been awarded over 15 patents. He received the Sun Oracle JavaOne Technology Conference Rock Star Speaker award in 2008 and 2012.

A Winchester resident since 2005, Shyamsunder is involved with the Valley Interfaith Council and founded Namaste Shenandoah, an Indian community organization.

Bank of Clarke, founded in 1881, operates 14 full-service branches across Virginia with additional loan production offices in Virginia and Maryland. The bank’s holding company began trading on Nasdaq under the ticker EFSI in February 2025. Currently trading at $29.70, near its 52-week low, the stock offers a 4.2% dividend yield. InvestingPro subscribers have access to detailed financial health metrics and additional analysis, with the company’s next earnings report scheduled for July 23, 2025.

In other recent news, Eagle Financial Services, Inc. announced the appointment of Karthik Shyamsunder as a new board member, effective May 20, 2025. Shyamsunder brings over 30 years of experience in technology and telecommunications, currently serving as Vice President and Distinguished Engineer at VeriSign Inc. His background in artificial intelligence, machine learning, and cloud computing is anticipated to provide valuable insights to the company and its subsidiary, Bank of Clarke. Additionally, Eagle Financial Services held its Annual Meeting of Shareholders, where three directors, Scott M. Hamberger, John R. Milleson, and Robert W. Smalley, Jr., were elected for three-year terms. Shareholders also ratified the appointment of Yount, Hyde & Barbour, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2025. A non-binding vote approved the compensation of the company’s named executive officers, with shareholders opting for a three-year frequency for future advisory votes on executive compensation. The detailed voting results were made available, covering all proposals. This information comes from an SEC filing by Eagle Financial Services, Inc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.