Virginia National Bankshares Corporation announced that Chief Financial Officer Tara Y. Harrison will retire and that Cathy W. Liles will assume the CFO role effective November 21, 2025. Harrison will continue with the company as Senior Advisor indefinitely, providing continuity during the transition.
During her tenure, Harrison steered the bank through a merger, multiple regulatory changes, and the COVID‑19 pandemic, doubling total assets from $800 million to $1.6 billion. Liles brings a decade of financial and accounting leadership at similarly sized institutions, with a strong background in audit, accounting, and financial reporting that positions her to sustain and build on the bank’s recent operational efficiencies and capital strength.
The bank’s latest earnings show a net income of $4.6 million for Q3 2025, matching the prior year and reflecting an improved return on average assets. Net interest margin expanded to 3.43% from 3.24% YoY, driven by lower interest expense on deposits. Revenue grew 10.39% over the last twelve months, supported by a 16% five‑year CAGR, while loan balances continued to rise, underscoring the bank’s solid growth trajectory.
Management emphasized the importance of continuity. CEO Glenn W. Rust expressed confidence in the transition, noting Harrison’s contributions and Liles’ experience. Harrison said it was a privilege to serve as CFO and looked forward to working with Liles, signaling a smooth handover and sustained strategic focus.
There is no immediate market reaction reported, and analyst consensus remains a “Buy” rating, indicating that the transition is viewed positively by the investment community.
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