Ridgeview hires prominent New River Valley banker

Bank President Carey McConnell said in a release that Todd Murray, former president of the New River Valley Market, said: American National Bank & Trustcurrently serves as Ridgeview's senior vice president of commercial banking.

Murray, a Blacksburg resident, will work in a yet-to-be-selected NRV office. McConnell said in a text message interview that Ridgeview eventually plans to have a branch there.

His resume states that he has worked at these financial institutions in these cities in the following order: farm credit systemRichmond. fair bankBaltimore, Maryland. virginia community bankLuisa. First Union National BankConcord, North Carolina. wachovia bankChristiansburg. Single Family Residence LLCRadford. BB&TBlacksburg. national bankBlacksburg. first community bank, Blacksburg. American National Bank & Trust, Christiansburg.

CNB Financial Corporation The Clearfield, Pennsylvania, bank established Ridgeview Bank in Virginia in 2021, starting in Roanoke. Ridgeview is building branches in Salem and Smith Mountain Lake, and a headquarters on Franklin Road in Roanoke.

Based in Richmond atlantic union bank It announced plans to buy American National Bank last summer.

roanoke base Optical Cable Co., Ltd. The company said it had sales of about $72.2 million and revenue of $2 million in its most recent fiscal year.

In a Dec. 20 report to shareholders and regulators, CEO Neil Wilkin said the fiber optic cable maker's growth in key financial metrics such as sales and gross profit margins explained. But the company would have suffered an annual loss had it not received a lump sum insurance payment for water damage to its Asheville, North Carolina, office, the filing said.

“Looking ahead to fiscal 2024, we continue to monitor changing market and macroeconomic trends and believe we are prepared to make appropriate business adjustments as necessary. “We remain focused on driving growth, operating efficiently and leveraging demand as we operate for the benefit of our customers and create value for our shareholders,” Wilkin's report said.