Fauquier Bankshares in Warrenton, Va., has begun a search to find its next president and chief executive.

Randy Ferrell said in a press release Monday that he plans to retire next year after overseeing the $604 million-asset company since 2003. During his tenure, Fauquier's total assets grew by $200 million and its total branches increased to 11.

Ferrell, who began his banking career in 1972 with NationsBank, is also a former director of the Virginia Bankers Association.

Matthews, Young & Associates will conduct a search for Ferrell's successor. The chief executive transition is expected to take place in May 2016, John Adams Jr., Fauquier's chairman, said in the release.

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