John Marshall Bank on Wednesday welcomed Christopher “Chris” W. Bergstrom as its new president and chief executive officer of the Bank.
Bergstrom previously served as president and CEO of Cardinal Financial and Cardinal Bank, until it was acquired by United Bank last year. Bergstrom was United Bank’s president for the past year before joining John Marshall Bank.
He replaces John R. Maxwell, who has served as John Marshall Bank’s chairman and CEO and will now serve as the executive chairman of the board.
“To say I am delighted to have someone of Chris’s talent assume the critical position of CEO is an understatement. Chris’s banking experience of nearly 36 years, much of which has been executive leadership, coupled with his reputation as a man of integrity and his success helping to grow Cardinal Bank makes Chris the perfect leader to step into the role as CEO at John Marshall Bank,” Maxwell stated in the announcement.
Based in Reston, John Marshall Bancorp, Inc. reported total assets of $1.23 billion during the first quarter of 2018 ending March 31. Year-over-year asset growth was $151.3 million, or an increase of 14 percent. The company has banking centers in Reston, Alexandria, Arlington, Leesburg, Rockville, and Washington, DC. A seventh Tysons Corner branch scheduled to open late summer.
“I am excited about taking the reins as CEO of this tremendous community bank,” Bergstrom stated. “In a short time span of 10 years, John Marshall Bank has grown its assets from $48 million to $1.23 billion organically, during a time when many of the other local community banks have grown through mergers and acquisitions. John Marshall Bank is one of the few remaining original community banks in the Northern Virginia DC metro market and a force with which to be reckoned. It’s going to be an exciting time for our customers and employees.”
Bergstrom is well versed in the market and well situated to serve the region as a community bank.
“The Washington Metropolitan area is one of the best financial services markets in the United States,” Bergstrom stated. “Recent local bank consolidations present a significant opportunity for John Marshall Bank to distinguish itself from larger institutions. I have spent most of my banking career serving the diverse communities in the Washington, D.C. area. I know what they want from a bank, and I am delighted to play a part in the next stage of John Marshall Bank’s growth as we continue to meet the needs of those we serve.”
“John Marshall Bank represents the best of community banking. The company has caring and talented professionals and offers the latest technology in its products and services. We are committed to serving the community and are accessible and loyal to our customers. Also, with the bank’s tremendous growth and capital position, we have the muscle to work with larger banking relationships,” Bergstrom concluded.