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Lindley Estes is a business writer for The Free Lance-Star and This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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Virginia Partners Bank CEO to retire

Bill Young

Bill Young

A prominent Fredericksburg-area banker who has led a locally based bank since its inception in 2007 will retire this summer.

William B. “Bill” Young, chief executive officer of Virginia Partners Bank, will retire June 30 following a 42-year banking career. Bank employees were informed last week, and a public announcement was made Monday.

Lloyd B. Harrison III will succeed Young as CEO of Virginia Partners. Harrison currently serves as the bank’s president and chief operating officer.

Young, who serves as vice chairman of the bank’s board, is still mulling over whether to remain on the board after his retirement.

Young helped form Fredericksburg-based Virginia Partners Bank following a 13-year stint as president and CEO of The National Bank of Fredericksburg. Before coming to Fredericksburg, he worked for the First National Bank of Maryland and Chemical Bank.

Virginia Partners, whose headquarters are at 410 William St. in downtown Fredericksburg, now has about $240 million in assets. Bank Chairman John Chichester said Young helped create an entity that “will be invaluable for decades to come.”

Young has also been active in the community, serving on the boards of the Mary Washington Hospital Foundation, Thurman Brisben Center, Hope House, Grymes Memorial School, Fredericksburg Regional Chamber of Commerce, Fredericksburg Area Museum and Cultural Center, Rappahannock United Way and Community Foundation of the Rappahannock River Region.

Young said he plans to enjoy his relaxed life, new granddaughter and a little travel in the immediate future. After that he might consider playing a meaningful role in the non-profit community, or maybe again getting involved in the banking world in a role other than as a banker.