Partners Bancorp in Salisbury, Md., has hired two executives to lead an expansion effort into northern Virginia.
The $1.5 billion-asset company said in a press release Monday that it had hired David Talebian as president of Virginia Partners Bank and Adam Nalls as the unit's chief operating officer. The executives have experience serving government contractors, health care firms and other businesses with $1 million to $100 million in annual revenue.
Talebian and Nalls previously worked at the $19.9 billion-asset Atlantic Union Bank. Talebian was a market executive and Nalls was a senior vice president, according to their LinkedIn profiles. They had been at Access National, which was sold to Atlantic Union in February 2019.
Partners, which plans to open a full-service branch in the Washington area in 2021, noted that it issued about $18 million in subordinated debt earlier this year to help fund loan growth.
“We have had our eye on Greater Washington for quite a while,” Lloyd Harrison III, Partners' CEO, said in the release. Talebian and Nalls “bring the right mix of experience and contacts to lead what we expect to be a significant driver of balance sheet growth for the bank over the next few years.”
Harrison, who had been the bank's president, will remain its CEO.
Partners also said it had promoted Wallace King Sr. from senior loan officer to market president for the Greater Fredericksburg, Va., and Maryland regions. King is a co-founder of the bank and serves on its board.
