Richmond, Va., March 14, 2018; Bay Banks of Virginia, Inc. (the “Company”) (OTCQB: BAYK), holding company of Virginia Commonwealth Bank (“VCB”) and VCB Financial Group, is pleased to announce that Judy C. Gavant will join the Company and VCB as Executive Vice President and Chief Financial Officer. Ms. Gavant, whose appointment becomes effective on the date after the filing of the Company’s 2017 Form 10-K, will lead VCB’s financial operations, including internal and external reporting, accounting, asset liability management, investments, planning, and controls.