Xenith Bankshares (XBKS) in Richmond, Va., has named Thomas Snead Jr. chairman.

Snead has served on the board of Xenith since May 2013, the $680 million-asset company said in a press release. He is a retiree who served as president and chief executive officer of the Southeastern region of Wellpoint Inc., a managed care and health insurance company, from 2004 to 2006. He also was the president of Anthem Southeast, a subsidiary of Anthem Inc., and chairman and CEO of Trigon Healthcare.

Currently Snead also serves on the board of directors of Tredegar Corp. (TG) and CSA Medical, Inc., a privately held medical device company, as well as several community organizations, including the Virginia Commonwealth University School of Business School Foundation.

Snead replaces Malcolm McDonald, who retired on May 1 after serving as chairman since December 2009.

Xenith's goals are to become more profitable and expand in the region, McDonald said in the release.

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