#United States #CFO #Charlottesville #Leadership Transition #Virginia National Bank

Virginia National Bankshares Announces Planned Leadership Transition

Virginia National Bankshares Corporation (NASDAQ: VABK) conducted a significant announcement regarding a leadership transition within the company. Effective November 21, 2025, Tara Y. Harrison, the current Chief Financial Officer (CFO), will retire and hand over her duties to Cathy W. Liles. This change aims to facilitate a smooth transition while ensuring that the bank continues its strategic momentum.

In addition to her retirement, Ms. Harrison will take on the role of Senior Advisor to assist with the transition during a period where her experience will be beneficial. She has expressed her commitment to ensuring a seamless transfer of responsibilities to Ms. Liles, reflecting their longstanding collaboration within the Virginia Bankers Association.

Comments from Leadership
Glenn W. Rust, the President and CEO of Virginia National Bankshares, shared his sentiments regarding the transition. "It’s always challenging to lose a key team member; however, I genuinely support Tara’s decision. She has been instrumental in the bank’s growth and success, steering us through numerous challenges, including a merger, several industry crises, and the pandemic. Since her joining, the bank has expanded its assets from $800 million to an impressive $1.6 billion, establishing itself as one of Virginia’s most profitable community banks. I anticipate this transition will be smooth due to both Tara and Cathy’s professionalism and desire to collaborate."

In her farewell, Ms. Harrison articulated, "It has been a privilege to serve as CFO of this great Company and Bank. I look forward to working with Cathy during this transition." Harrison, who recently became a grandmother, plans to dedicate more time to her family and community service while still being a supportive presence at the bank until her complete retirement.

Cathy W. Liles Takes the Helm
Cathy W. Liles, who steps into the role of CFO, brings a wealth of experience in financial leadership. She has held prominent positions in organizations of similar scale, equipped with a robust audit and financial background. Liles expressed her enthusiasm for joining Virginia National Bankshares, stating, "I am excited to embark on this new chapter as Chief Financial Officer of Virginia National Bankshares. Joining an exceptional leadership team that aligns with my passion for community banking is a true honor. Working together, we aim to build on the Company’s strong foundation and deliver lasting value for our shareholders, clients, and communities."

About Virginia National Bankshares Corporation
Virginia National Bankshares Corporation, headquartered in Charlottesville, Virginia, serves as the bank holding company for Virginia National Bank. With multiple banking offices throughout Fauquier and Prince William counties, as well as Charlottesville, Albemarle County, Winchester, and Richmond, the bank offers a full spectrum of financial services tailored to individuals, businesses, and charitable organizations. Their commitment also extends to fiduciary services through VNB Trust and Estate Services. As a publicly traded entity, the company’s common stock is available on the Nasdaq Capital Market under the symbol "VABK." For further details about Virginia National Bankshares Corporation, visit www.vnbcorp.com.

This leadership transition marks a critical juncture in Virginia National Bankshares' journey, reinforcing its commitment to stability and continued growth in the community banking sector as it adapts to evolving market dynamics.