Bank of the James Financial Group, Inc. announces the retirement of J. Todd Scruggs from his roles as Co-Founder and Director.
Mr. Scruggs played a pivotal role in the growth and success of the company since its inception in 1998.
His retirement marks the end of a 25-year journey with the bank, leaving behind a legacy of financial stewardship and leadership.
Founding Member
J. Todd Scruggs was one of the two founders of Bank of the James in 1998, contributing significantly to its establishment and early growth.
Financial Management
As the Chief Financial Officer, Mr. Scruggs managed the financial strategy of the company through years of expansion and transition to a public entity.
Institutional Impact
Scruggs' tenure saw the bank grow from $10 million in initial capital to over $1 billion in assets, with a regional presence in Virginia.
- J. Todd Scruggs' retirement marks a significant shift in leadership at Bank of the James Financial Group, Inc.
- The company will need to navigate the transition of responsibilities and leverage Scruggs' institutional knowledge for continued success.
The retirement of J. Todd Scruggs is a bittersweet moment for Bank of the James Financial Group, Inc., but it also signals a new chapter in the company's journey.