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History

Bay Banks of Virginia, Inc. is the bank holding company for Virginia Commonwealth Bank (VCB) and Bay Trust Company headquartered in Richmond, Virginia.

With over 166 years of combined history as independent community banks, both CEOs Randy Greene of Bank of Lancaster and Frank Scott of Virginia Commonwealth Bank were looking for ways to strategically advance their respective community banks’ missions while improving the bottom line and recognized the unique opportunity of joining together to enhance the shared mission of providing outstanding banking services in the communities where they do business, The merger between the two banks was completed on April 1, 2017.

Virginia Commonwealth Bank and the former Bank of Lancaster are now combined and also headquartered in Richmond. With nineteen banking offices located throughout the Richmond market area, Tri-Cities (Petersburg, Hopewell, Colonial Heights), the Northern Neck, Middle Peninsula and Suffolk, the bank serves businesses, professionals, and consumers with a wide variety of financial services, including retail and commercial banking, investment services and mortgage banking.

Virginia Commonwealth Bank will leverage the strength of the two entities and its employees to offer premier services. The vision for offering exceptional financial resources with a true community bank focus on our customers is a great asset to our service areas.

Bay Trust Company provides management services for personal and corporate trusts, including estate planning, estate settlement and trust administration.

Bay Banks of Virginia employees proudly serve in leadership roles in numerous civic, charitable, church and school organizations throughout the Richmond and Tri-Cities region, Northern Neck, Middle Peninsula and Tidewater region. Our commitment to community service is also evidenced by staff participation in many civic and charitable outreach programs annually.


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