In addition, on January 27, 2021, the Board of Directors of Virginia Partners Bank (the ‘Bank’), one of the Company’s two wholly-owned subsidiaries, appointed Mr. Michael W. Clarke to serve as a member of the Bank’s Board of Directors, effective January 27, 2021. In connection with his appointment to the Bank’s Board of Directors, the Bank’s Board of Directors has appointed Mr. Clarke to serve as a member of the Bank’s Directors Loan and Governance and Nominating committees. In addition to his service as a director of the Company and the Bank, Mr. Clarke will also provide consulting services to the Bank to support the Bank’s expansion efforts into the Greater Washington and Northern Virginia markets, a geography in which Mr. Clarke has substantial experience. Mr. Clarke, brings over 35 years of experience in the skilled front-line delivery of banking products, credit risk management, corporate finance, capital management and management of banking operations at all levels. Currently, Mr. Clarke manages a variety of investments in small to mid-sized businesses and serves on a variety of corporate and civic boards. Mr. Clarke is a senior portfolio advisor at FJ Capital Management assisting in the evaluation and management of investments in the U.S. financial services industry.