Banking/financial
G. Robert Aston Jr., chairman and CEO, TowneBank, Portsmouth
Why he is influential: Aston has expanded TowneBank in recent years to become the second-larg- est Virginia-based community bank in terms of deposits. In rapid-fire
fashion, the bank acquired Monarch Financial Holdings in Hampton Roads and Franklin Financial Corp. in Richmond. The Monarch deal gave TowneBank the biggest market share in deposits in Hampton Roads. Aston started the bank in his Portsmouth garage in 1999.
Recent developments: TowneBank opened its Richmond headquarters in September. It occupies about 39,000 square feet on two floors of the 18-story Gateway Plaza building downtown. The bank marked the occasion by announcing a $500,000 gift to the YMCA of Greater Richmond.
Richard D. Fairbank, founder, chairman and CEO, Capital One Financial Corp., McLean
Why he is influential: Capital One, which ranks among the na- tion’s biggest banks, began in 1988 as the credit card division of Rich- mond-based Signet Banking Corp. Capital One is famous for its catch phrase “What’s in your wallet?” in commercials fea- turing movie stars such as Jennifer Garner and Samuel L. Jackson. In addition to Capital One, Fairbank is an owner of Monumental Sports & Entertainment, which has three major league teams — the NBA’s Washington Wizards, NHL’s Washington Capitals and WNBA’s Washington Mystics. He was inducted into the Washington Business Hall of Fame in 2008.
Recent developments: Capital One is build- ing an expanded campus in Tysons that will include a 14-story, 940,550-square-foot build- ing. The project is scheduled for completion next year.
Jeffrey M. Lacker, president, Federal Reserve Bank of Richmond, Richmond
Why he is influential: President of the Richmond Fed since 2004, Lacker is an infl ation hawk on the rate-setting Federal Open Market Committee (FOMC). During his last turn as a voting member of the group in 2015, he persistently called for the FOMC to raise its benchmark fed funds rate, which had re - mained near zero since 2006. After many de- lays, the committee raised the rate a half per- centage point in December, the fi rst change since December 2015. More increases are ex- pected this year.
Contributed photos
Recent developments: Lacker will retire in October after serving at the Fed since 1989. A search committee has been formed to identify his replacement.
Consumer goods
Martin J. Barrington, chairman, CEO and president, Altria Group Inc., Richmond
Why he is influential: Barrington leads Virginia’s third-largest pub- licly traded company, which domi- nates the U.S. tobacco industry. He has been with the company for
more than 20 years. Barrington also serves on the board of directors of Anheuser-Busch InBev. In Richmond, he is on the Virginia Museum of Fine Arts board of trustees.
Recent developments: Altria has acquired the privately held Sherman Group Holdings, a maker of high-end cigarettes and cigars. Meanwhile, British American Tobacco’s $49 billion acquisition of Reynolds American sparked speculation that Altria might reunite with Philip Morris International, which it spun off in 2008.
Economic development
Gerald Gordon, President and CEO, Fairfax County Economic Development Authority
Banking/financial
Susan Still, president and CEO, HomeTown Bank, Roanoke Why she is influential: HomeTown is the largest bank based in
the Roanoke Valley, with total assets of more than $500 million. A former senior vice president with SunTrust Bank, Still joined HomeTown at its inception in 2005 and has led the bank since 2008. Readers of The Roanoker magazine have picked Home- Town as the best local/regional bank for five consecutive years, and American Banker magazine identified it as one of the best banks to work for in the nation. Still serves on the board of directors of the Federal Reserve Bank of Richmond and the Virginia Bankers Association. She also is a member of the American Bankers Association Commu- nity Bankers Council. In the Roanoke area, Still serves on the boards of the Roanoke Regional Chamber of Commerce, Foundation for Roanoke Valley, North Cross School and United Way of Roanoke Valley.
re than $500 million. st Bank, Still joined led the bank since
have picked Home- e consecutive
ntified it as one Still serves serve Bank of ation. She also ciation Commu- Still serves on the of Commer s School and
Recent developments: Last year, HomeTown joined the NASDAQ stock exchange and was named Small Business of the Year for Business to Business Service by the Roanoke Regional Chamber of Commerce. The chamber had recognized the bank a year earlier as Small Business of the Year for Business to Consumer Service.
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www.VirginiaBusiness.com VIRGINIA BUSINESS 63
Why he is influential: Gordon has overseen the transformation of the county from a bedroom community of Washington, D.C., to one of the most prosperous business communities in the U.S. In 2016 the county had eight Fortune 500 head- quarters and 158 businesses on the Inc. 5000 list of fastest-growing companies. Jobs have grown from 243,000 to almost 600,000 during his tenure. In 2016 he stepped down as chair of the Foundation for Fairfax County Public Schools and took on the chairmanship of the George Mason University Honors College board.
Recent developments: Gordon is work- ing on a book on defining a new economic growth theory. It is due out in summer 2018.
John O. “Dubby” Wynne, retired president and CEO, Landmark Communications and former chairman, The Weather Channel, Virginia Beach
Why he is influential: Inducted last year into the Cable Hall of Fame, Wynne worked to build The Weather Channel into what it is today. He is current chairman
of the board of Reinvent Hampton Roads and is the past board chairman of the Hampton Roads Community Foundation. He is an emeritus trustee at Princeton Uni- versity, his alma mater, and a former rector for the board of visitors at the University of Virginia, where he earned his law degree.
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