Magazine article American Banker

Union in Va. Names Asbury Its Next CEO

Magazine article American Banker

Union in Va. Names Asbury Its Next CEO

Article excerpt

Byline: Joseph Kellard

Union Bankshares in Richmond, Va., said Wednesday that John Asbury, formerly of First National Bank of Santa Fe in New Mexico, will be its next CEO.

The $8.1 billion-asset company said Asbury will succeed William Beale as chief executive on Jan. 1. Asbury, 51, will become the president of the company and president and CEO of its Union Bank & Trust subsidiary on Oct. 1 of this year.

Asbury was president and CEO of First National Bank of Santa Fe from February 2015 until he resigned on Aug. 19 -- to pursue another career opportunity, a First National spokeswoman said last week. The bank's holding company, Strategic Growth Bancorp in El Paso, Texas, announced in July that it had agreed to merge with the $1.8 billion-asset Sunflower Financial in Salina, Kan.

Asbury has also worked for Regions Financial in Birmingham, Ala., from 2010 to 2014, according to his LinkedIn profile. …

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