Executive Leadership Update at First National Corporation
First National Corporation, the parent company of First Bank, has announced that Brad E. Schwartz will take on the role of Executive Vice President and Chief Financial Officer (CFO), effective March 31, 2025. With an impressive banking career spanning over 40 years, Schwartz brings a wealth of knowledge and experience, particularly from his previous positions in Virginia's banking sector.
Brad Schwartz: A Leader in Banking
Before joining First National Corporation, Brad served as the President and COO of TowneBank, where he demonstrated his leadership skills and understanding of community banking dynamics. Additionally, he has held the CEO, CFO, and COO positions at Monarch Bank, prior to its acquisition by TowneBank, further enriching his experience in financial management and operations. As a vital addition to the executive team, which includes Dennis Dysart and Scott Harvard, he will provide key strategic leadership across various financial functions.
The Importance of Strategic Leadership
Scott C. Harvard, CEO of First National Corporation, expressed enthusiasm for Schwartz's appointment, commenting on the critical need for robust leadership during a transformative period for the bank. The organization has recently executed three acquisitions within the past decade, which has significantly altered its trajectory. Marking a historic moment in its 118-year history, First National is poised for ongoing growth under Schwartz's stewardship.
Qualifications and Community Engagement
Schwartz's academic credentials include a Bachelor of Science in Business Administration and Accounting from Longwood University, alongside an MBA from the University of Richmond. His commitment to community banking is further demonstrated through his board membership at the Community Bankers Bank and his previous role on the Virginia Bankers Association Board. Additionally, he serves as an Advanced Financial Management professor at VBA University, underscoring his dedication to developing future banking professionals.
Expressing his excitement about joining First National, Schwartz stated that his career has been dedicated to high-performance community banking. He looks forward to contributing to the company’s continued success and fostering a culture centered around customer and community service – key tenets that have led to the bank's ongoing achievements.
About First National Corporation
First National Corporation (NASDAQ: FXNC) operates as a community-focused bank that began its journey in 1907. Today, it offers a comprehensive array of loan and deposit products, complementing its traditional banking services with wealth management options through First Bank Wealth Management. This community-centric approach and diverse offerings highlight the bank's commitment to serving its customers in both Virginia and northern North Carolina.
Additionally, First Bank has established a strong presence with 33 branch locations, ensuring accessibility for customers across the Shenandoah Valley and beyond. The bank continues to embrace innovation, with services available via its digital platform and mobile banking app, enhancing customer engagement and convenience.
CONTACT INFORMATION
Scott C. Harvard
President and CEO
(540) 465-9121
Contact Email: sharvard@fbvirginia.com
Frequently Asked Questions
What position is Brad Schwartz appointed to in First National Corporation?
Brad Schwartz has been appointed as Executive Vice President and Chief Financial Officer (CFO) of First National Corporation.
When does Brad Schwartz officially start his role?
He will officially start as CFO on March 31, 2025.
What are Brad Schwartz's notable past positions?
He has served as President and COO of TowneBank, as well as CEO, CFO, and COO of Monarch Bank before its acquisition by TowneBank.
What has Scott Harvard said about Brad Schwartz's appointment?
Scott Harvard expressed excitement about Schwartz joining the team, highlighting the importance of experienced leadership during a critical time.
What does First National Corporation focus on?
First National Corporation is focused on community banking, providing comprehensive banking and wealth management services while serving the community.
