53.37
+1.08%
Close of 9 Nov 2026, in USD
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About Virginia National Bankshares
From its filings with the US Securities and Exchange Commission
Virginia National Bankshares is based in Charlottesville, Virginia and is incorporated in Virginia. Its shares trade on Nasdaq under the ticker VABK. The SEC classifies its business as national commercial banks. In the fiscal year to 31 December 2025, it reported net income of $19.3m. At that date it held total assets of $1.65bn and shareholders' equity of $184.2m.
The Company was incorporated under the laws of the Commonwealth of Virginia on February 21, 2013 at the direction of the Board of Directors of the Bank for the purpose of acquiring all of the outstanding shares of the Bank and becoming the holding company of the Bank. On June 19, 2013, the shareholders of the Bank approved the Reorganization Agreement and Plan of Share Exchange, dated March 6, 2013, whereby the Bank would reorganize into a holding company structure. On December 16, 2013, when the Reorganization became effective, the Bank became a wholly-owned subsidiary of the Company, and each share of the Bank’s common stock was exchanged for one share of the Company’s common stock.
The Company is regulated under the BHCA and is subject to inspection, examination and supervision by the Federal Reserve. The Company is also under the jurisdiction of the SEC and is subject to the disclosure and regulatory requirements of the Exchange Act as administered by the SEC.
Virginia National Bank, the principal operating subsidiary of the Company, was organized in 1998 under federal law as a national banking association to engage in a general commercial and retail banking business. The Bank received its charter from the OCC and commenced operations on July 29, 1998. The Bank received fiduciary powers in January 2000. The Bank’s deposits are insured up to the maximum amount provided by the FDIC.
Quoted from its 10-K, filed 27 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 28 Oct 1998
- Employees
- 140
- Head office
- 404 PEOPLE PLACE, CHARLOTTESVILLE, VA, 22911
- Incorporated in
- VA
- Classification
- National Commercial Banks
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. William DittmarNon-Executive Chairman of the Board$115,000
- Mr. Glenn RustPresident, Chief Executive Officer, Director, since 2013$1.0m
- Mr. John AdamsNon-Executive Vice Chairman of the Board$85,000
- Ms. Tara HarrisonChief Financial Officer, Executive Vice President$418,289
- Ms. Virginia BayesChief Banking Officer, Executive Vice President and Corporate Secretary, since 2025$478,695
- Mr. Kevin CarterIndependent Director$85,000
- Mr. Hunter CraigIndependent Director$85,000
- Mr. Randolph FrostickIndependent Director$85,000
- Ms. Linda HoustonIndependent Director$85,000
- Mr. Jay KeyserIndependent Director$85,000
- Mr. Sterling StrangeIndependent Director$85,000
- Mr. Gregory WellsIndependent Director$85,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 11
- Environment
- 2
- Social
- 16
- Governance
- 15
- Women in the workforce
- 73%
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Virginia National Bankshares Corp has several strengths that contribute to its success. Firstly, the company boasts a strong financial position and a healthy balance sheet, which provides stability and enables it to withstand market fluctuations. Additionally, VNB's well-established brand name and reputation have earned the trust of its customers and investors, further enhancing its competitive advantage. Moreover, the company's extensive network of branches allows for convenient access to banking services, strengthening its market presence.
- Furthermore, Virginia National Bankshares Corp effectively utilizes technology and innovation to stay ahead in the highly competitive banking industry. By offering advanced online and mobile banking platforms, VNB provides a seamless and efficient banking experience for its customers, boosting customer satisfaction and loyalty. Additionally, the company's strong relationship management and personalized customer service contribute to its high customer retention rates.
Weaknesses
- Despite its strengths, Virginia National Bankshares Corp also faces certain weaknesses that may hinder its performance. One notable weakness is the company's limited geographic presence compared to larger national banks. This could restrict VNB's potential customer base and growth opportunities, particularly in regions where it has minimal or no presence. Moreover, VNB's size may limit its ability to compete with larger banks in terms of offering a wide range of product and service offerings.
Opportunities
- Virginia National Bankshares Corp has various opportunities to capitalize on for further growth and success. With the increasing trend towards digital banking, VNB can leverage its technological expertise to enhance its online banking platforms and attract tech-savvy customers. Additionally, the company can explore strategic partnerships or acquisitions to expand its geographic presence and enter new markets, thereby increasing its market share and revenue potential.
- Furthermore, VNB can target specific niche markets or focus on specialized financial services to differentiate itself from larger competitors. By offering unique and tailored solutions, the company can attract specific customer segments and foster long-term relationships. Moreover, as environmental sustainability becomes a priority for customers and regulators alike, VNB can develop environmentally friendly banking products and practices to align with changing consumer preferences.
Threats
- Virginia National Bankshares Corp faces several threats that could impact its business operations. One primary threat is the increasing competition within the banking industry, both from traditional banks and emerging financial technology (fintech) companies. This competition could potentially erode VNB's market share and profitability if it fails to differentiate itself or keep up with evolving customer demands and preferences.
- Furthermore, economic downturns or disruptions in the financial markets can pose significant risks. A recession or financial crisis may lead to decreased lending demand, increased loan defaults, or reduced consumer spending, impacting VNB's financial stability and profitability. Additionally, regulatory changes and compliance requirements can pose challenges for the company, especially if it faces difficulties adapting to new regulations or if compliance costs increase significantly.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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