People Moves

Virginia-Based Bank Expands Private Wealth Team

Eliane Chavagnon Editor - Family Wealth Report February 11, 2015

Virginia-Based Bank Expands Private Wealth Team

Monarch Bank Private Wealth has recruited from Suntrust.

Virginia-based Monarch Bank has appointed Benjamin Vanderberry as executive vice president to support the growth of its private wealth offering.

The majority of Vanderberry’s experience is in wealth management, private banking and commercial lending.

He previously worked at Suntrust Bank as the private wealth management group’s credit strategy officer, as well as mid-Atlantic credit advisory services manager and regional private wealth manager for Hampton Roads - a metropolitan region in southeastern Virginia.

Monarch Bank is a community bank with 11 offices in Chesapeake, Virginia Beach, Norfolk, Suffolk, and Williamsburg, VA.

E Neal Crawford, president of Monarch Bank, said that the firm’s private wealth team “joined us from the same bank over two years ago.”

“His [Vanderberry’s] credit skills and previous oversight of private bank lending throughout the southeastern US will add greatly to our ability to grow loans to this targeted group of clients in our markets,” Crawford said.

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