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First Capital Bank's longtime president and chief executive, Bob Watts, will remain at the helm of the bank subsidiary and retain his title as president of the holding company.
"John is no stranger to the Richmond banking community, and we will also benefit from his broadened experience outside of Richmond," Watts said. "My focus is on the bank, while John with his background as a chief financial officer will focus on capital markets and strategic planning."
Grant Grayson, chairman of the board, said Presley and Watts share a long-standing commitment to banking in Richmond and have a shared vision of what is possible for First Capital.
"These are some of the most unique and challenging times that banking has seen, and we are pleased to be adding someone of John's considerable financial and strategic expertise to our team," Grayson said.
Presley, 48, was the founding president and chief executive officer at Richmond-based First Market Bank, which is mostly owned by Ukrop's Super Markets Inc. He left Richmond in 2003 when he was tapped to return to Memphis, Tenn., to serve as chief financial officer for National Commerce Bancorp., which at one point owned part of First Market Bank.
He managed the holding company's sale to SunTrust Banks Inc. in 2004 and managed the National Commerce merger-integration team.
Presley then joined Marshall & Ilsley Bank in Wisconsin as chief financial officer of the holding company and the bank. Most recently, he was with Fifth Third Bank in Ohio in charge of its strategic initiatives and mergers and acquisitions.
Founded in 1998, First Capital Bancorp has about $400 million in assets. First Capital Bank operates seven branches in the Richmond area.
Contact Carol Hazard at (804) 775-8023 or chazard@timesdispatch.com.
To see more of the Richmond Times-Dispatch, or to subscribe to the newspaper, go to http://www.timesdispatch.com. Copyright (c) 2008, Richmond Times-Dispatch, Va. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
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