FVCbank promotes Elliott and Watson to executive leadership roles

FAIRFAX, Va. - FVCbank, a profitable regional bank with a market capitalization of $212 million and a strong financial health rating according to InvestingPro, announced the promotion of two long-term executives to new leadership positions. Jim Elliott has been elevated to Executive Vice President, Commercial Lending, while Steffany Watson has been named Executive Vice President, Chief Services Officer.

Elliott, who has been with the bank since 2009, will continue serving on the bank’s Executive Committee. Watson, who joined FVCbank in 2007 during its formation, has been appointed to the Executive Committee for the first time. The bank has demonstrated strong operational performance, with revenue growth of 35% and a P/E ratio of 11.3.

According to the announcement, Elliott previously served as Senior Vice President, Commercial Lender before being promoted to Market President-Virginia in 2019. In 2024, he became Executive Director of Commercial Lending and joined the Executive Committee. Under his leadership, the bank expanded its Manassas lending team and added new industry verticals, including cannabis banking.

Watson initially joined as Vice President, Cash Management & Treasury Services, where she helped develop the bank’s online banking platform. She subsequently held various leadership positions before being promoted to Senior Vice President, Chief Services Officer in 2024, overseeing loan operations, servicing, and deposit operations.

Patricia A. Ferrick, President of FVCbank, cited both executives’ contributions to the organization as the reason for their promotions.

FVCbank, headquartered in Fairfax, Virginia, serves businesses, professionals, and nonprofits throughout the Washington, D.C. and Baltimore metropolitan areas. For detailed financial analysis and additional insights about FVCbank’s performance, including exclusive ProTips and comprehensive valuations, visit InvestingPro.

The information is based on a press release statement from FVCbank.

In other recent news, FVCbank has announced the promotion of two key executives to senior roles. Jennifer Deacon, previously the Executive Vice President and Chief Financial Officer, and Michael G. Nassy, formerly the Executive Vice President and Chief Credit Officer, have both been elevated to Senior Executive Vice President positions. Deacon has been instrumental in managing the bank’s finance and accounting operations, contributing to its financial stability and operational efficiency. Nassy has played a vital role in credit and risk management, ensuring sound lending practices and supporting the bank’s growth. Patricia A. Ferrick, President of FVCbank, highlighted the leadership and commitment of Deacon and Nassy as crucial to the bank’s strategic achievements. These promotions reflect FVCbank’s commitment to talent development within the organization. Both executives will continue to influence the bank’s strategic direction and growth efforts in their new roles.

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