John Marshall Bank in Reston, Va., has hired a veteran Washington-area executive as its CEO.
The $1.2 billion-asset bank said in a press release Wedesday that Christopher Bergstrom was also named its president. He succeeded John Maxwell, who is now the bank's executive chairman.
Bergstrom previously served as bank president for United Bankshares. Before that, he was president and CEO of Cardinal Financial when it sold itself to United Bankshares in April 2017 for roughly $912 million.
Bergstrom'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 [him] the perfect leader to step into the role as CEO," Maxwell said in the release.
Bergstrom said in the release that consolidation around Washington presents opportunity for John Marshall to distinguish itself from larger banks.
“I have spent most of my banking career serving the diverse communities" around Washington, Bergstrom said. “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.”