Archive for April, 2020

Shareholder Update

Due to the current Covid-19 situation, the upcoming annual shareholder meeting will be postponed until later this summer or, at the latest, at our regularly scheduled September 15, 2020 meeting.  Please direct questions to: Douglas A. Nunn, Managing Director/CEO, 804.272.9044.  

2020 Q1 Review and Outlook

“There are decades when nothing happens, and there are weeks when decades happen.” This quote (by Vladimir Lenin of all people) pretty much sums up the first quarter of 2020, as governments around the world instituted draconian methods to slow the pace of the spread of the Coronavirus (a.k.a. COVID-19).  These actions are in essence…

An Update From TCV

Hello Clients and Friends, We hope you are all doing well.  What seemed to start out as a “hurricane” style event has turned into one of the biggest disruptions in our lifetime.  As a trust-only bank, we have constant operational (state and internal) exams, financial reviews, and oversight that our Board of Directors has the…

Ask A Trust Officer: Having “The Talk”

DEAR TRUST OFFICER: When should I talk to my children about their inheritances? —THOUGHTFUL PARENT DEAR THOUGHTFUL: As a general rule, sooner is better than later.  An inheritance should not come as a surprise; it is something that requires preparation and planning.  In that way, an inheritance may prove to be more than a temporary…