Virginia National Bankshares Announces CFO Retirement and Leadership Transition to Cathy W. Liles
- Virginia National Bankshares announces CFO Tara Y. Harrison's retirement effective November 21, 2025, ensuring a smooth leadership transition.
- Under Harrison's leadership, the bank's assets grew from $800 million to $1.6 billion, navigating significant challenges successfully.
- Cathy W. Liles, the new CFO, aims to advance the bank's community mission while maintaining strong client relationships.
Virginia National Bankshares Prepares for Leadership Transition as CFO Announces Retirement
Virginia National Bankshares Corporation, headquartered in Charlottesville, Virginia, undergoes a pivotal leadership transition with the announcement of Chief Financial Officer Tara Y. Harrison's retirement, effective November 21, 2025. Harrison, who has served in this role during a crucial period of growth for the bank, will continue to serve as a Senior Advisor until her retirement, ensuring a seamless transition for her successor, Cathy W. Liles. Under Harrison's financial stewardship, the bank has experienced substantial growth, increasing its assets from $800 million to $1.6 billion while successfully navigating significant challenges such as a merger and the impacts of the COVID-19 pandemic.
The leadership transition comes at a time when Virginia National Bankshares is recognized as one of the more profitable community banks in Virginia. Glenn W. Rust, the President and CEO, acknowledges Harrison's vital contributions to the bank's success and expresses his understanding of her decision to retire. This change is not merely about personnel; it reflects the bank's ongoing commitment to strengthening its operational foundations and enhancing its service offerings to clients across Virginia. As Ms. Liles steps into her new role, she brings extensive experience in financial leadership and a shared history with Harrison, having previously collaborated on the CFO Committee of the Virginia Bankers Association. This established relationship is expected to facilitate a smooth transition, allowing the bank to maintain its strategic momentum.
Cathy W. Liles has articulated her enthusiasm for her new position and her commitment to advancing the bank's community banking mission. Virginia National Bank, with its seven banking offices in Fauquier and Prince William counties, along with additional locations in Charlottesville, Albemarle County, Winchester, and Richmond, is well-positioned to continue delivering a range of banking services to its customers. The leadership change is significant not only for the bank but also for its stakeholders, as it signifies a continued focus on community engagement and service excellence, which are central to the bank's operational philosophy.
In related news, Virginia National Bankshares remains committed to enhancing its banking services across its multiple locations. As the bank prepares for this leadership shift, it emphasizes the importance of maintaining strong client relationships and delivering exceptional service to its communities. The transition period will see both Liles and Harrison working closely together, ensuring continuity and strategic alignment as the bank looks to the future.