SOURCE: Bank of the James

Bank of the James

January 06, 2016 09:56 ET

Bank of the James Purchases Property in Lexington, Virginia

LYNCHBURG, VA--(Marketwired - January 06, 2016) - Bank of the James (NASDAQ: BOTJ) has purchased property at 45 South Main Street in Lexington, Virginia. The purchased two-story building has been unoccupied for over a year and was previously a former SunTrust Bank office. Bank of the James purchased the building in late December 2015 as an investment and a potential entry into the Lexington market. 

Thomas W. Pettyjohn, Jr., Chairman of the Board of Directors for Bank of the James, commented that the Lexington community fits well within the bank's business model and added that the bank has had success in communities with a college presence including Lynchburg, Charlottesville, and Harrisonburg.

Pettyjohn continued by saying that the bank will be making capital improvements to the building in the near future. Possible uses for the Lexington property will be one area of discussion at an upcoming planning session of the bank's board of directors.

Bank of the James, a wholly owned subsidiary of Bank of the James Financial Group, Inc., serves Lynchburg, Charlottesville, Harrisonburg, Roanoke, and other markets in Virginia. The bank operates 11 full service locations, two limited service branches, two loan production offices and an investment services division. Bank of the James Financial Group, Inc. common stock is listed under the symbol "BOTJ" on the NASDAQ Stock Market, LLC.

Contact Information