Item 8.01 Other Events.
On June 25, 2014, Bay Banks of Virginia, Inc. (the "Company"), the holding company for Bank of Lancaster (the "Bank"), issued a press release announcing that Randolph N. Reynolds, Jr. has been elected to the Bank's Board of Directors.
Mr. Reynolds is a co-founder and partner in Reynolds Development, LLC, a private real estate management and development company. Prior to the sale of Reynolds Metals Company to Alcoa, Mr. Reynolds served in numerous management positions with Reynolds Metals Company. At the time of the sale, he was the Director of Sales and Marketing. Mr. Reynolds is a Richmond native and he received a B.A. in Economics from the College of William and Mary.
A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 99.1 Press release, June 25, 2014.
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