Business View Magazine | November 2020

142 BUSINESS VIEW MAGAZINE NOVEMBER 2020 T he Fauquier Bank (TFB), headquartered in Warrenton, Virginia, is an independent community bank, established in 1902, with branches located in both Fauquier and Prince William Counties. With $825 million in assets, Fauquier Bank offers a full range of financial services for retail and commercial customers, including internet banking, insurance, wealth management, and financial planning through its eleven branches. “We offer every financial service that is available,” says Chip Register, TFB’s Chief Operating Officer. “And as a community bank, we do a lot of lending. Because of our size, we can’t compete head-to-head with a Truist Bank or a PNC on the real large corporate side, but we do very well with the small and medium-size businesses. We’re also a very strong retail franchise; we have a very high penetration rate with our customers. So, our focus is on consumers, and small and medium- size businesses. About half of our loan portfolio is commercial loans, while the other half is residential mortgages. In 2019, we celebrated 100 years of our wealth management and trust department, which has a half-billion dollars in assets under management. So, we’ve grown that over the years.” Register adds that the bank has also grown in many other ways, since 2016. “We changed CEOs four years ago,” he reports. “Marc Bogan came from a bank in North Carolina to become our AT A GLANCE THE FAUQUIER BANK WHAT: An independent community bank WHERE: Warrenton, Virginia WEBSITE: www.tfb.bank k IN COMMUNITY