Bank of Lancaster and Bay Banks of Virginia president and chief executive officer Randal R. Greene recently announced the bank’s board of directors has promoted Meredith M. Smith to the office of senior vice president.
Smith joined Bank of Lancaster’s commercial lending department in October 2005. She began as a commercial loan processor and in October 2006 was elevated to commercial lending operations manager.
In April 2008, Smith was promoted to commercial lending officer and then promoted to assistant vice president in 2012. In 2014, she was promoted to vice president. Smith oversees the credit administration department for the bank which includes the areas of credit risk, loan operations, and loan resolution. She is tasked with monitoring the safety and soundness of the bank’s existing loan portfolio and ensuring that new loan originations meet established parameters for risk tolerance.
“We are committed to delivering distinctive service and quality financial products to the businesses and communities we serve,” said Greene. “Meredith provides outstanding leadership and is dedicated to helping us achieve the highest level of service quality in order to create long-standing relationships with our customers. We are very proud to have Meredith on our team.”
A native of Richmond County, Smith is a graduate of Rappahannock High School. She received her bachelor’s in business administration from the University of Mary Washington and her master’s in business administration from Liberty University.
She has continued her education in the field of banking by graduating from the Virginia School of Bank Management at the University of Virginia. The three-year school is sponsored by the Virginia Bankers Association in cooperation with the McIntire School of Commerce at the University.
Smith is a member of the Richmond County YMCA board and also a member of the Richmond County Industrial Development Authority.
Giving back to her community was an example set for her by her late grandfather and she is fortunate to work for an organization that shares the same philosophy, said Smith. She lives in Warsaw with her 8 year-old son, Jack, and 3 year-old son, Fidler.