Exec Changes at Millenium Bank

Reston's Millennium Bankshares Corp announced that Richard I. Linhart took over as president and chief executive on July 18 He succeed Carroll Markley who founded the bank in 1998 and retired in March.

Linhart, who co-founded James Monroe Bank and was a senior executive there until it was bought by Mercantile, has already begun organizing the executive team.

Dale G. Phelps, who served as interim president and CEO will continue in his duties as executive vice president and chief financial officer. John F. Novak, interim executive vice president and chief operating officer, will remain in those capacities, as well as be responsible for commercial and retail banking.

EVP Carl J. Wallace will become the chief credit officer. Linhart also named EVP Jerry D. Medlock as the chief lending officer of the bank.

Millennium Bank is a nationally chartered community bank with six banking offices - four in Northern Virginia (Reston, Sterling, Herndon and Warrenton) and two in Richmond.

By Dan Beyers  |  July 25, 2007; 2:08 PM ET  | Category:  Finance
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