Business View Magazine | November 2020

147 BUSINESS VIEW MAGAZINE NOVEMBER 2020 Philadelphia • Knoxville • Des Moines www.printmailsolutions.com/LearnMore • 215.860.4250 The Fauquier Bank, and hundreds of other financial institutions, depend on our print and electronic statement outsourcing more than ever during COVID to achieve disaster recovery redundancy, enhanced security, cost savings, and a streamlined customer experience. Print and Electronic Statement Outsourcing for Financial Institutions • 30+ years’ experience working with banks and credit unions. • Proven integration across a variety of core, imaging and online banking platforms such as Jack Henry, FIS, Fiserv and Q2. • 3 fully-redundant processing facilities. • A proprietary eStatement platform that enables industry-leading adoption rates. • COVID-19-related rapid implementations available. Why PrintMail? Schedule a demo and cost analysis with us today. THE FAUQUI ER BANK the combined company will operate under the Virginia National brand and will be able to serve larger clients in its core Virginia markets of Charlottesville, Warrenton, Winchester, and the counties of Albemarle, Fauquier, Frederick, and Prince William. It will also accelerate current market expansions in Richmond and Northern Virginia. According to Fauquier Bank CEO, Bogan, the pandemic and historically low interest rates were cited as particular impetuses for the “strategic merger of equals,” and that going forward with the union would help provide sustainable growth and increased profitability for shareholders, as well as better services for the bank’s customers, better career opportunities for its employees, and more investment in the community. The combination is expected to be completed in the first half of 2021, subject to approval of both companies’ shareholders, regulatory approvals, and other customary closing conditions. The combined company will have approximately $1.6 billion in total assets, $1.4 billion in total deposits, $1.3 billion in loans, and more than $1.0 billion in assets under management based upon reported amounts as of June 30, 2020.