FOR IMMEDIATE RELEASE

PHILIP GOULD JOINS BANK OF THE JAMES

CHARLOTTESVILLE, VA, September 16, 2016 - Philip Gould has joined Bank of the James as Branch Manager and Consumer Loan Officer for the bank's new Charlottesville Office, scheduled to open in mid-November, 2016. Mr. Gould brings 18 years of financial industry experience to Bank of the James. He was previously associated with Virginia Credit Union where he served as a branch manager and he also held positions with Union First Market Bank and SunTrust Bank. Mr. Gould is a graduate of South Kent College in Folkestone, UK, and holds a Bachelor's degree in Building Construction Management.

Charlottesville Market President, Jared Feury commented "We are glad to bring Phillip Gould on board to lead our retail banking team. His past financial experience, coupled with his leadership and development skills, are a perfect combination for Bank of the James. We welcome him to our team."

The bank's state of the art office will be located in the 5thStreet Station, near Wegmans, and is scheduled to open in mid- November. Grand Opening activities are scheduled for early December 2016. The new branch will offer an open, inviting and modern retail feeling while focusing on the local architectural history of the community.

"We are thrilled to be opening a new office in the Charlottesville market", continued Feury. "This branch is part of the bank's strategic initiative to expand into nearby regions. This latest addition will provide both retail and commercial financial services to Charlottesville citizens including electronic and mobile products."

About the Company

Bank of the James, a wholly owned subsidiary of Bank of the James Financial Group, Inc., serves Lynchburg, Charlottesville, Harrisonburg, Roanoke, and other markets in Virginia. The bank currently operates 10 full service locations, two limited service branches, two loan production offices, and an investment/insurance services division. Bank of the James Financial Group, Inc. trades on the NASDAQ Capital Market under the symbol "BOTJ".

Contact: Vickie D. Spencer, Vice President and Community Relations Director vspencer@bankofthejames.com (434) 455-7513

Bank of the James Financial Group Inc. published this content on 16 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 September 2016 17:03:01 UTC.

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