Business news from the Fredericksburg region.
Local bank executive takes new position
The former president of the Fredericksburg-area market for StellarOne Bank has taken a new position with another bank with a large presence in the state and region.
James “Buddy” Kourouklis is now senior vice president for middle market lending for Union First Market Bank. Kourouklis said the new job was a “dream scenario” for him but added that he enjoyed his time at StellarOne and thinks it has a good future.
StellarOne Executive Vice President and Chief Financial Officer Jeffrey W. Farrar said in an email that Fredericksburg is an “extremely important legacy market” for his bank and that the company will “carefully assess” the decision on who will replace Kourouklis. He said a final decision is expected soon.